New Left, New Progressives, Old Liberalism...what does it all mean?

TCS Daily : Technology - Commerce - Society:

An interesting take on American liberalism and conservatism - and how the definitions have changed with time. More interesting to me, though, was the notion that at least a portion of the Democratic Party (or its "Progressive" wing) is returning toward the 1960's idea(s) of the New Left:

Unlike the anti-business, quasi-socialist progressivism of Teddy Roosevelt, modern progressives, in the words of Markos Moulitsas, seek 'restrained government, fiscal responsibility, and—most important of all—individual freedoms.' (Italics in original.)

As the article suggests, the ideas of the New Left (and now the modern Progressives) are really the ideas of the old Right within the United States (or, more accurately, classic Liberalism...confused yet?). The party of Calvin Coolidge more accurately represents the beliefs of the current Progressive movement than the party of FDR. I think it was this discontinuity that shut the New Left down in the first place. The Old Left had leveraged all of its strength into creating a powerful, inherently illiberal government from the 30s on through the 60s. The "New Left" was neither strong enough nor mature enough to reverse this. Instead, they jumped on an issue they COULD affect (the anti-war movement of the 60s and 70s) and, essentially, lost their soul.

Fast forward 30-40 years. The State is weakening, individuals are becoming increasingly empowered by the Information Revolution, and the Republican Party has lost its way from the internal pressures generated by a desire to protect the power of the State, social conservatism, and the sort of corruption that always sets in when a party spends too much time in power. Suddenly, the field looks open to the ideas of individual liberty espoused by the New Left and the New Progressives.

So here's my question: will the "New Progressives" run down the rabbit hole of the anti-war movement THIS time as well?