In response to:
How did that knee-jerk reaction to create another party work out for conservatives in 1992 and 1996? It gave us the philanderer in chief for 8 years.
Just as moderates are completely unrepresented in a Democratic Party that's dominated by liberals, movement conservatives often don't feel represented by the Republican Party. At first glance, this seems rather odd since most Republicans in Congress are conservative. However, it's a natural reaction to the Republican establishment that has its hands welded to many of the GOP's levers of power. The Republican Party may be mostly conservative, but there are a multitude of reasons that you can't trust the establishment Republicans as far as you can throw them.
1) They have supreme confidence without supreme competence. Conservative talk show hosts, columnists,...
But as far as their policies were concerned, you are probably right.