Clinton (Bill) was a Third Way neoliberal who basically believed what you and that blog post are saying. Clinton (Hillary) saw those policies defeated 2 years ago.
[S]omething different and distinct from liberal capitalism with its unswerving belief in the merits of the free market and democratic socialism with its demand management and obsession with the state. The Third Way is in favour of growth, entrepreneurship, enterprise and wealth creation but it is also in favour of greater social justice and it sees the state playing a major role in bringing this about. So in the words of... Anthony Giddens of the LSE the Third Way rejects top down socialism as it rejects traditional neo liberalism. — Report from the BBC, 1999,
It seems they are discovering a 30 year old term and blogging about it. What's been rehabilitated?
https://en.wikipedia.org/wiki/Third_Way
It's probably different in degrees, but let's be realistic, nothing has been rehabilitated nor is anything new being said.