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Richardson says Democratic candidates from moderate to progressive are still to the right of Dwight Eisenhower, a Republican who had a 91% top tax rate and called for universal health care. She expects a backlash like FDR's, which preserved democracy and capitalism rather than imposing radical leftism.

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The modern political spectrum has shifted so far right that even progressive Democrats hold positions to the right of Republican President Eisenhower. His policies, like a 91% top tax bracket and calls for universal healthcare, would be considered radical today.

Richardson says 1920s production gains stayed with a small group while popular imagery ignored struggling farmers and wage workers. After the 1929 crash, formerly comfortable Americans looked back at who ripped them off, producing a landslide shift to FDR. She sees a possible parallel in today's data-center backlash.