One respect in which I thought it might be healthy for the conservative movement to go into opposition for a while is that it might kick them out of the habit of knee-jerk denialism about problems. With Bush in office, there was a tendency to dismiss any concern about any aspect of the nation’s economic well-being as a politically motivated attack on the Bush administration. So for no real reason, the conservative movement became an ideological tendency devoted to the proposition that rising household debt was a good thing.
With the right on the way out, maybe that can change and conservatives can start seeing problems and trying to devise distinctly conservative solutions to them. So far, though, Andy McCarthy seems determined to stay in denial mode, deriding talk of the worst financial crisis since the Great Depression as a bit of “Obamanomics” spin.