Why, then, would any conservative believer in limited, constitutional government vote for Bush? It is fear of the thought of a President John Kerry.

Moreover, whatever the personal preferences of a President Kerry, he could spend only whatever legislators allowed, so assuming that the GOP maintains its control over Congress, outlays almost certainly would rise less than if Bush won reelection. History convincingly demonstrates that divided government delivers less spending than unitary control. Give either party complete control of government and the treasury vaults quickly empty. Share power between the parties and, out of principle or malice, they check each other. The American Conservative Union's Don Devine says bluntly: "A rational conservative would calculate a vote for Kerry as likely to do less damage" fiscally.

Maybe so, respond some conservatives, but how about the Bush tax cuts? The president tells campaign audiences: "They're going to raise your taxes; we're not." But even here the Bush record is not secure. Bruce Bartlett of the National Center for Policy Analysis points to the flood of red ink unleashed by the administration and predicts that tax hikes are inevitable irrespective of who is elected in November. That is, Bush's fiscal irresponsibility could cancel out his most important economic success for the GOP.

For some conservatives, the clincher in favor of Bush is the war on terrorism. Kerry, with more war experience than the current president and vice president combined, "resembles Neville Chamberlain," says Nugent. Answering his own hysterical question, "Why do terrorists want Kerry to win?" David Keene of the American Conservative Union says Kerry would submit to terrorists and "lead the free world to a second Munich," only this time with al-Qaida instead of Adolph Hitler.

Yet Bush's foreign policy record is as bad as his domestic scorecard. The administration correctly targeted the Taliban in Afghanistan, but quickly neglected that nation, which is in danger of falling into chaos. The Taliban is resurgent, violence has flared, drug production has burgeoned and elections have been postponed.

Iraq, already in chaos, is no conservative triumph. The endeavor is social engineering on a grand scale, a war of choice launched on erroneous grounds that has turned into a disastrously expensive neocolonial burden.

Saddam Hussein had no weapons of mass destruction, contrary to administration claims, and no operational relationship with al-Qaida, contrary to administration insinuations. U.S. officials bungled the occupation, misjudging everything from the financial cost to the troop requirements.

Particularly shocking is the administration's ineptitude with regard to Iraq. Fareed Zakaria writes in Newsweek, "On almost every issue involving postwar Iraq -- troop strength, international support, the credibility of exiles, de-Baathification, handling Ayatollah Ali Sistani -- Washington's assumptions and policies have been wrong. By now most have been reversed, often too late to have much effect. This strange combination of arrogance and incompetence has not only destroyed the hopes for a new Iraq. It has had the much broader effect of turning the United States into an international outlaw in the eyes of much of the world."

Sadly, the Iraq debacle has undercut the fight against terrorism. The International Institute for Strategic Studies in its most recent study warns that the Iraq occupation has spurred recruiting by smaller terrorist groups around the world. And acting CIA Director John McLaughlin worries that terrorists are plotting "something big" against the United States. For a time the Pentagon considered closing its child care center, lest it become the target of an attack. NRO columnist Goldberg observes that the president's contention that the war in Iraq has made America safer "is absurd." Goldberg backs the war for other reasons, but says it was probably "the risky thing in the short run."

Bush -- not even sure himself whether the war on terrorism is winnable -- has been unable to demonstrate how Iraq has reduced the threat of terrorism against America. Instead, he says: "I need four more years to complete the work. There's more work to do to make America a safer place. There's more work to do to make the world a more peaceful place." Alas, there's more work, far more work, to do because of Bush's misguided policies.