Someone else notices

Alex Pareene in Salon:

The DLC model undoubtedly helped Democrats win national elections, primarily by allowing Democrats to fundraise as effectively as the more stridently pro-corporatism party. Unfortunately, that money came with a price, and that price is "adopting a whole bunch of positions that are popular with money but not with people who voted for Democrats for a hundred years," like the "partial" privatization of Social Security.

I've been flogging this theme for a while now, as one of four reasons American politics is so screwed up and in detail about the connection between fundraising and Democratic abandonment of social class as a defining principle.