James Pethokoukis thinks so.
So does Eyeon08.
Housing slump = bad news for the GOP.
Commenter TMoney: “The housing slump may be bad for the GOP, but nowhere nearly as bad, in my opinion, as immigration, overspending, allowing the democrat surrender in Iraq, socialized meds – shall I continue? No. My fingers are already tired from typing this morning…Housing slumps come and go, but the ever-encroaching surrender of sov[e]reignty will determine where we go next.”