It basically says that the DLC's time has passed.
...Indeed, there is an imperfect, but revealing historical analogue to the situation in which Ford, the DLC and other party centrists now find themselves. In the late stages of the 19th century, Democratic New York Gov. Grover Cleveland broke the Republicans' grip on the White House by fashioning himself as an acceptably moderate Democrat willing to accede to Republicans on key policies. Like Bill Clinton, Cleveland won twice -- albeit non-consecutively -- without obtaining 50 percent of the popular vote in either election.
William Whitney, the corporate benefactor of the conservative "Bourbon Democrat" wing of the party, was a top advisor to Cleveland. Just as Clinton would adopt the Republican position on trade protectionism a century later, Cleveland adopted the Republican position on the major financial question of his era, the dispute over whether to add silver to gold in a new, bimetallic monetary policy. Cleveland favored gold, while the nascent farmer-populist wing of the party wanted "bimetalism." At the party's 1896 nominating convention, Cleveland paid for his choice. Democrats rejected the incumbent Cleveland as their presidential candidate in favor of populist William Jennings Bryan, who swung the crowd his way with his famous "Cross of Gold" speech.
The short view of history is that Cleveland helped Democrats temporarily postpone the Republican realignment that began with William McKinley's election that autumn and, had they followed his lead, may have prevented it. William Jennings Bryan, after all, was the Democratic nominee for president in three elections (1896, 1900 and 1908) and lost by wider margins each time. But the longer view invalidates the tack advocated by the Bourbon Democrats, who ignored the underlying currents that, as early as the 1890s, brought "Coxey's Army" on foot all the way from Ohio to Washington to protest unemployment and poverty. Two later New York governors, Al Smith and Franklin Roosevelt, understood what those rumblings meant, and their ideas ultimately led to the New Deal coalition and an enduring Democratic hegemony.
A century after Cleveland's interregnum, DLC founder Al From -- Bill Clinton's William Whitney -- is betting that Harold Ford embodies the Democrats' future. The trouble for From and Ford is that the centrists' future has already passed them by.