Yeah, Bush's administration has been a monumental failure and the Republicans are reaping the rewards of exploiting emotions and events instead of working on long-term policy.
The biggest failure, in my opinion, is the return of Reagan/Bush Sr. era foriegn policy which was incredibly short sighted and created to combat Communism. In the end, their style of play created all the problems that we're dealing with today and instead of reforming how we do business with the world, Dubya has put us in a quagmire that I have no doubt we'll be dealing with two Presidents from now.