Governing principle that is considered to be halfway between the European style social democracies and the laissez-faire policies of conservatives, especially American conservatives. Bill Clinton exemplified this governing style on such issues as NAFTA and welfare reform.

The problem I have with the so-called Third Way is that it seems that only Democratic Leadership Council style Democrats in this country are labelled as such. For some reason, moderate Republicans such as George Pataki or Arlen Specter are never referred to as promoting a new form of governing. This is not to say that these Republicans are necesarily correct on every issue or that some of the DLC Democrats are not fine individuals but I would like to some balance on this issue.

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