For months, the signs have been impossible to ignore: the Democratic Party is in freefall. Poll after poll shows voters turning away in droves—disillusioned by the party’s radical agenda, frustrated by its lack of leadership, and convinced it no longer represents their values. The 2024 elections were a political earthquake, and in the aftermath, Democrats have been left picking through the rubble of a once-dominant coalition. The party’s “next generation” of leaders—Alexandria Ocasio-Cortez and Jasmine Crockett—have all the gravitas of a student council president demanding longer lunch periods and less homework. So now the question is: What does a broken...