When a product proves defective, smart manufacturers either recall and fix it or abandon it entirely in favor of something new. When the product in question is a President, the remedy is similar but the course is vastly more complicated. And that's the problem confronting the centrist Democrats largely responsible for electing Bill Clinton in 1992.

The White House is having an anxiety attack at the prospect of a liberal challenge from Jesse Jackson, but a potentially more dangerous threat may come from the Democratic Leadership Council, the group of moderate Democrats formed in 1985. Clinton helped found the organization, chaired...

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