No, we're not. The GOP owned the world in 1994, then it decided it wanted to be just like the Democrats, and now we see the results.
Well, no, the GOP didn't "own the world," we just thought we did. Newt sold a great political gimmick, the Contract for America, and a voting public that was sick of Bill Clinton's crap went for it.
Unfortunately, selling the Contract was not the same as implementing it. Newt was not the man to implement it; and it turned out that support for the Contract was not all that deep after all; and the GOP had no way to counteract the media blizzard. Bill Clinton revived his presidency on the basis of Newt Gingrich's Speakership, and the Contract was not particularly effective in any case.
Since then, the GOP has gradually lost whatever direction it had as various single-issue factions began to tear each other apart, and narcissism and opportunism has supplanted principles.