In 2008, the Republican Party was officially finished. Outgoing President George W. Bush had a 25 percent approval rating, with one poll finding him the most unpopular chief executive in modern times.
Conservatism appeared dead and discredited. Pieces of its dismembered corpse lay at the bottom of a smoldering molten hole in the economy that swallowed $34.4 trillion in American assets and more than 8 million jobs. Other parts were strewn across the blood-swamp of Iraq, which had consumed thousands of U.S. lives and billions of U.S. dollars, and which was already watching its new U.S.-built government sink into the mire.
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