I think that Obama is working to revive moderate conservatism. But conservatism was intellectually bankrupt by the time of the Reagan administration. Even its economics, formerly its intellectually strongest area, has been discredited. There is no way to do to revive conservatism--it is dead. Obama has brought something to life, but it is a zombie. As the moderate conservative policies have failed, which they have consistently done, the Democrats prove unable to abandon the failed policies, and align themselves more and more with the radical reactionaries, and cause more and more pain.
Barack H.H. Obama. Who knew?
[Revised for clarity 2010.09.07]