Conservatism: Requiem for a revolution

The modern conservative movement is “sputtering” toward irrelevance, said Paul Waldman in The American Prospect. Barring the outbreak of a new war, the No. 1 issue in this election will be our imploding economy. With the government bailing out the free market from its own stupidity, and the public clamoring for oversight and regulation, the November election could produce “a dramatic repudiation of Republicans at all levels.” The Reagan era is over, said Timothy Noah in Slate.com. When Ronald Reagan revitalized conservatism in 1980, he did so with an appealing blend of muscular militarism, family values, and, especially, the message that “government was the common enemy.” But the catastrophic financial collapse has demolished the “fundamentalist belief in untrammeled capitalism.” Even if John McCain and Sarah Palin somehow manage to win this election, it’ll be as populist reformers, not traditional conservatives. Either way, conservatism “sure looks dead.”

Responsibility for that homicide lies squarely with George W. Bush, said The Economist. His “ruthless partisanship and iron commitment to presidential power” served him well enough at first; most Republicans swooned to his “huge tax cuts” and war on terror. But Bush’s “my way or the highway” approach ultimately fractured his own party. Fiscal conservatives were appalled by his reckless spending. Paleocons resented his invasion of Iraq. Nativists opposed him on immigration reform. The “most damning verdict” on Bush’s mismanagement came last week, when conservative House Republicans initially voted to reject his $700 billion financial bailout package. Their defiance signaled how little respect conservatives now have for their once-beloved leader. Far from “forging a lasting Republican majority,” Bush has left his party “in the worst state they have been in for decades.”

And yet, said John Harwood in The New York Times, Republicans may have reason to be optimistic. When a party is cast out, it often uses its time in the wilderness to “refocus its message and agenda” and stage a comeback. That’s what the Democrats who are now poised to take power have been doing since 2000, and what conservatives did after Barry Goldwater’s humiliating defeat in 1964. In January, Democrats may well assume ownership of the country’s numerous, intractable problems. What better time for conservatives to begin work on their “political renewal”?