Responding to Obama's comment that "[small towns] fell through the Clinton Administration and the Bush Administration," Paul Krugman provides evidence that small town America fared extremely well under Clinton. Krugman adds, "it’s just crazy for the likely Democratic nominee to denigrate the economic record of the only Democratic president most Americans remember."
But that's just what Obama has been doing, over and over and over: deingrating the record of Bill Clinton. And the reason is that Obama is not really running as a Democrat. Obama is essentially running as an independent. Furthermore, that is the mainstay of his platform, and so the people who are electing him are giving him a mandate to be an independent.
What this means for the future, I'm not sure.