Flinching from Power: Three Mistakes Democrats Need to Own

If Democrats want to understand how Trump ended up back in the White House, they need to come to grips with these seminal failures over the last 30 years — and clean up their own house.

In the spring of 2009, as millions of Americans were losing their jobs, homes, and retirement savings, the executives at AIG’s financial products division — the unit whose reckless bets had nearly brought down the global financial system — collected $165 million in bonuses. The company had just received $170 billion in taxpayer bailout money. President …