Not quite. If Bush acts like a liberal, land-grabbing socialist, and as a result loses the conservative vote, it will not be the end. If another Clinton gets in office, and the federal government continues the sprint towards tyranny, then the second revolution will began. I recommend you read some of Travis McGee's chapters.
Paraphrasing a famous quote: "It is too late too work within the system, but it's almost time to just shoot the bastards."