I think so too. He just thinks conservatives are small enough to be irrelevant,and that he will get most of their votes anyhow because they "don't have any other place to go".
Administration officials say the motivation to send Clinton was to convey a message of "no hard feelings" toward his administration, and at the same time avoid sending Clinton to a higher-profile event that might stir resentment within Bush's conservative base ...
Is he trying to play both sides? Very dangerous miscalculation (pandering).
g