It's the social issues and poor leadership that are taking us down. Ds and Rs know that the financial stuff has to be fixed, or else!
It is too simplistic to say we just need to move back to the right. We need a strong national leader who can steer us on a new course with less emphasis in gay rights, abortion, etc. and more focus on Conservative economic values. We need to appeal to a broader base in order to fix immigration, tax restructuring and overhauling entitlement programs.
The answers to our "real" long term problems still lie in Conservative economic and governance philosophy.