In a remarkable New York Times story, former Pennsylvania governor Ed Rendell has revealed the strategy of the Hillary Democrats as they face the challenge of Donald Trump:

“For every one of those blue-collar Democrats he picks up, he will lose to Hillary two socially moderate Republicans and independents in suburban Cleveland, suburban Columbus, suburban Cincinnati, suburban Philadelphia, suburban Pittsburgh, places like that,” he said.

In other words, they’re hoping to terrify the moderately conservative into voting for their candidate. Forget having any positive message that might attract disaffected “blue-collar Democrats,” meaning the white working class. The appeal is going to be to the center–right. Forget too the enthusiasm for Sanders among the young, an appeal based on hope for a better future. As former Obama advisor turned Uber advisor David Plouffe put it in the same article:

“Hope and change, not so much. More like hate and castrate.”

Marco Rubio coyly suggested the other day that Donald Trump has a tiny todger (as Keith Richards said of Mick Jagger). Plouffe is jonseing to cut it off.

So it’s come to this: as I wrote last week, the Dem leadership hasn’t merely abandoned hope, it’s running against it. Policies that could materially benefit those disaffected blue-collar sorts would displease the party’s funders and must be ruled out. The Dems’ desperate hope is that fear of Trump will close the deal.

Maybe it’ll work—though everyone has underestimated Trump’s appeal all along (me included, I should say). But this strategy of writing off the white working class is precisely what has fueled his rise. As Ed Luce, the Financial Times’ very sharp columnist, wrote in yesterday’s paper:

It is the white vote—and particularly white males—that ought to worry Mrs Clinton. Blue collar whites are America’s angriest people. They feel belittled, trod upon and discarded. The future belongs neither to them nor their children. Mrs Clinton personifies an establishment that has taken everything for itself while talking down to those it has left behind. Mr Trump is their revenge.

Rendell & Co.’s strategy feeds into this unfortunate dynamic.

Dems will, of course, dismiss those angry white voters as hopelessly racist and sexist. Some no doubt are, and that’s the source of Trump’s appeal to them. But that’s not all that could appeal to them. The Sanders campaign has shown that policies that could benefit them materially have great electoral potential. But the Dem leadership would rather court suburban independents and Republicans than cross their funders.

So far that potential hasn’t shown up much in the Democratic primaries, because the disaffected don’t normally vote in them. But the longer-term potential shows up repeatedly in the popularity contests and hypothetical general election matchups. There’s one out just this morning from CNN and ORC International that should cause worry at Hillary Central. Some highlights:

42% of those polled offered a “favorable” rating for Hillary, and 55% unfavorable, for a net of –13. In November 2014 she had a net favorable rating of +21. That’s a shift of 34 percentage points in 15 months. As recently as October 2015, her net negative rating was just 4 points; she’s lost 17 in four months. This confirms a law of Hillary’s popularity: the more people see her the less they like her.

That -13 net puts Hillary’s net positives towards the bottom of the broad presidential field. Ben Carson earns a net of +9; Rubio, + 6; Kasich, +19. Hillary does do better than Trump, at -23. But the highest net positive in the field is Bernie Sanders, +23.

In hypothetical general election races, Hillary beats Trump by 8 points. That margin looks comfy now, but given the trajectory of Trump’s support, far from armor-plated. But she would lose to Rubio by 3 and Cruz by 1.

Sanders would beat Trump by 12, Rubio also by 12, and Cruz by 17.

Hillary’s negatives are surprisingly broad, as are Sanders’ positives, as the graph below shows.

Polls at this stage of the election are more suggestive than definitive, but the “electability” argument for the HRC candidacy is based mostly on the wishes of her fans.

Not mentioned here: race. Hillary clearly has a huge base of support among black voters, and it would be ugly and unproductive of me to type out a lecture on how they’re mistaken in that preference. I don’t understand it, but it’s not my business to second-guess it. What I will say, though, is that the Democratic establishment is playing a cynical game, relying on that “firewall” of support while they court moderate Republicans in the Columbus suburbs by running against social democracy and amping up the fear factor. Because as the man from Uber says, “Hope and change, not so much. More like hate and castrate.”