I think Snowboarder Bo is onto something, but I’m looking at it a different way.
The Clinton Democrats don’t get it. The Clintons never really had a majority of Americans behind them, they just tried to hang onto what they thought was a “center” position. And after 2008, the Washington “centrist” is non-credible. It’s possible that Hillary can win election, once, on the sex card, and she might have coattails–once. But I don’t think you can build a functional party out of Clintonism, and I don’t think either Goldman Sachs connections or pretending the 1990’s were “the good old days” will get very far these days.
The TEA Party wave was the first fully post-crash election, and the anger at Obama wasn’t really about PPACA, but about economic failure. The new class that came in weren’t part of the old consensus. Some of them barely have any awareness of the traditions & norms of Congress that they reject.
The economy isn’t really that good now, either: inequality is up, and poverty is up. Lots of people don’t have jobs.
Bernie Sanders marries Democrat Party rhetoric to an agenda that speaks to these problems, and attracts young progressives. He seems like he could have a shot, by more or less being what Democrats pretend to be, while being more personally admirable and trustworthy than the Clintons. But older Democrats in the South clung conservatively to the Boss Lady.
Unfortunately, the Boss Lady has worryingly high negatives, and a cloud of criminal accusations. Well, they may reduce the Democrats to a weak conservative party with a nostalgia for a misunderstood past for a few years.
I’m afraid this may also translate to low turnout for Democrats this year, even with the drive to stop Trump (or Cruz).
If Cruz somehow pulls this together, I’m afraid he would beat Hillary easily, simply because most voters don’t know him well enough to hate him but they already despise her. And maybe he could beat Bernie, too, but that’s a different fight in character, more ideological & more wrapped up in religious identity.
Trump, I’m not so sure about. Maybe his base is more a vocal minority, really. But there’s a certain kind of voter that would vote for Trump mostly out of sick curiosity to see what’d happen.