Clinton's doing for progressivism what Nixon did for conservatism--creating opportunity for those who oppose him. But the liberal opportunity in l976 was really kind of false. The Republicans could make the same mistake now, thinking the tide is back to them.
Unfortunately for Clinton, he may have to be the president who proves the system doesn't work very well. Does the party system produce presidents who can lead? Should we have votes of no confidence on a leader? There may have to be a major upheaval in electoral and party systems, and the Clinton administration may be the catalyst for that. We need to face up to the fact that [the presidential election shouldn't have consisted of] a fellow from Arkansas running against a preppy who wouldn't know a cash register from a lobster.