Earlier quoted context omitted.
Right because conservative = bad and deserving of contempt. This is exactly the type of kneejerk reaction that he is talking about. The 1% do just as well when Democrats are in office, but keep on playing the game ruled by tribe and emotion, see where that gets us.
The Democratic Party is conservative by any popular measure outside of the insular American worldview. In many European countries, the Democratic Party’s politics would be considered far right.
Its mostly a center-right / center-left coalition with the center-right currently slightly stronger (until very recently much stronger). While it leans right, it isn't coherently conservative, even by international standards.