The first few paragraphs of Bill Greider’s article in The Nation, How the Democratic Party Lost Its Soul (emphasis mine):

The blowout election of 2014 demonstrates that the Democratic Party is utterly out of touch with ordinary people and their adverse circumstances. Working people have known this for some time now, but this year, the president made the disconnection more obvious. Barack Obama kept telling folks to brighten up: the economy is coming back, he said, and prosperity is just around the corner.

A party truly connected to the people would never have dared to make such a claim. In the real world of voters, human experience trumps macroeconomics and the slowly declining official unemployment rate. An official at the AFL-CIO culled the following insights from what voters said about themselves on Election Day: 54 percent suffered a decline in household income during the past year. Sixty-three percent feel the economy is fundamentally unfair. Fifty-five percent agree strongly (and another 25 percent agree somewhat) that both political parties are too focused on helping Wall Street and not enough on helping ordinary people.

Instead of addressing this reality and proposing remedies, the Democrats ran on a cowardly, uninspiring platform: the Republicans are worse than we are. Undoubtedly, that’s true—but so what? The president and his party have no credible solutions to offer. To get serious about inequality and the deteriorating middle class, Democrats would have to undo a lot of the damage their own party has done to the economy over the past thirty years.

I will take issue with the second-to-last sentence in the last paragraph.  It’s not that the president and his party have no credible solutions to offer;  it’s that they choose to offer no credible solutions.

Related info:  Median inflation-adjusted income is now $2,100 lower than when President Obama took office in  2009 and $3,600 lower than it was on President George W. Bush’s took office in 2001.