"The Democrats need to do a number of things. First and foremost, they need to recognize there is only one fundamental issue in America: jobs. Unless there are pro-growth policies of the kind that have been articulated by the Kauffman Foundation and are supported by 70% to 80% of the American people according to Kauffman-sponsored research, Democrats are not going to win enough support quickly enough to reclaim their credibility.

These policies include a broad-based payroll tax holiday, building from the one Sens. Charles Schumer (D., N.Y.) and Orrin Hatch (R., Utah) have embraced, an extension of the Bush tax cuts, educational initiatives to educate the next generation of entrepreneurs, and tax policies that provide clear incentives to small businesses to get started and to hire new employees. Of late, President Obama has paid lip-service to the concept of creating private-sector jobs, but there is much more he can and should do to become the 'jobs president' rather than the 'health-care president.'"
 
I disagree with several of his prescriptions but he does seem to understand the importance of the political shift at play.  The Economist sees it as well.