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With a minimal amount of Googling for the term "Classical Liberalism", one can learn that liberalism corresponds with increased personal freedom, increased economic freedom, J.S. Mill's "On Liberty", and the concept of "That which governs best, governs least". Michael Lind should have known this.
The government that Obama is about to inherit will have little connection to classical liberalism, and much to do with feudalism and mercantilism. Read a week's worth of economic or political journalism from the UK, where Liberalism is still used in its original sense.
So if the Statists are looking for a new term to defile, I hope that they'll leave "liberal" to the libertarians, and continue to call themselves Progressives. Or Statists. Or BiPartisans. Or money-flushers. Or bailouters. Or sheep.