Note....he says what "we" call liberalism....this is NOT the origin of the term or it's correct useage. The word has been bastardized by those on the left who choose to dwindle our liberties and disguise these attempts by portraying themselves as "liberals". Recall that our founding fathers were what we now call "classic liberals". The term conservative has its roots in reactionism....which would describe the left and it's continued desire to rely on the state.
It is so depressing when those on the right, follow along with the lefts linguistic manipulations...and to think that most of us read Orwell in High School.
At any rate, I will continue to call myself a proud classic Liberal.