simplicio comments on Undiscriminating Skepticism - Less Wrong
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My understanding is that that party is roughly the equivalent of the U.S. Democrats or U.K. Labour -- which would make the usage of "liberal" much more like the American usage (meaning "left-wing") than the European usage (meaning "opposed to high levels of economic regulation").
There is that. I thought Jack was getting at the negative connotation aspect.
The Liberal party here is basically centre-left.