In the wake of the Democratic Party’s disappointing 2024 election losses, a quiet but seismic shift is underway within its ranks. At the center of this transformation is Third Way, a self-proclaimed “centrist” think tank that has long positioned itself as the voice of moderation in Democratic politics. But a closer look at its agenda, funding, and recent maneuvers reveals a far more troubling reality: Third Way is spearheading a Project 2025-style assault on progressivism, steering the party toward a conservative, even far-right alignment that echoes the Trumpist playbook.
The latest evidence of this shift came in a five-page memo leaked from a recent Third Way retreat with Democratic staffers and consultants. The document, obtained by journalist Donald Shaw, urges the party to abandon its reliance on small-dollar donors, arguing that their preferences “may not align with the broader electorate.” While the memo stops short of explicitly naming alternative funding sources, the implication is clear: Democrats should pivot toward the deep pockets of wealthy elites and corporate donors.