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Fareed Zakaria: The End of Conservatism

Conservatives are a gloomy bunch at the moment. Many believe that their party—the Republican Party—has lost its way and that it has done so by abandoning its principles. Aside from his foreign policy and Supreme Court appointments, conservatives find little to love about George W. Bush. His signature domestic policies include a vast expansion of government-financed health care (prescription-drug benefits), and increased funding for education while halfheartedly promoting vouchers and school choice. Bush also signed into law campaign-finance reform and supported a proposed immigration bill that would have allowed illegal aliens a path to citizenship. The Republican Congress is even worse, having indulged in an orgy of irresponsible spending. And now the party is set to nominate John McCain as its presidential nominee, a man who on several key issues has broken with Republican orthodoxy and voted with Democrats. For conservatives, a return to principles is the only way to be returned to power.

David Frum, a former Bush speechwriter, begs to differ. "On the contrary," Frum writes in his smart new book, "Comeback," "the evidence suggests that a more consistent, more principled, more conservative administration would have been even more soundly rejected by the public than the unpopular Bush administration ever was." As Frum documents, every Bush policy that conservatives decry is in fact wildly popular. Public support for prescription-drug benefits ranges from 80 to 90 percent. And every Bush policy conservatives favor is regarded by the public with great suspicion. A majority of Americans regard the Bush tax cuts as "not worth it," and would prefer increased spending or balancing the budget to cutting taxes. In the one area where Bush remains unfailingly popular with conservatives—foreign policy—public support has also collapsed. According to the Pew Research Center, the number of Americans who believe that military force can reduce the risk of terrorism dropped sharply between 2002 and 2006, from 48 percent to 32 percent.

Conservatism grew powerful in the 1970s and 1980s because it proposed solutions appropriate to the problems of the age—a time when socialism was still a serious economic idea, when marginal tax rates reached 70 percent, and when the government regulated the price of oil and natural gas, interest rates on checking accounts and the number of television channels. The culture seemed under attack by a radical fringe. It was an age of stagflation and crime at home, as well as defeat and retreat abroad. Into this landscape came Margaret Thatcher and Ronald Reagan, bearing a set of ideas about how to fix the world. Over the next three decades, most of their policies were tried. Many worked. Others didn't, but in any event, time passed and the world changed profoundly. Today, as Frum writes, "after three decades of tax cutting, most Americans no longer pay very much income tax." Inflation has been tamed, the economy does not seem overregulated to most, and crime is not at the forefront of people's consciousness. The culture has proved robust, and has in fact been enriched and broadened by its diversity. Abroad, the cold war is won and America sits atop an increasingly capitalist world. Whatever our problems, an even bigger military and more unilateralism are not seen as the solution....
Read entire article at Newsweek