I'd heard about this piece, mostly by reading the Corner on NRO and seeing others talk about it. I only just now found it myself. I must say, PJ's got it right. For those of you unfamiliar with PJ O'Rourke, he's a slightly libertarian contributing editor at The Weekly Standard, published author and one of the funniest men of letters in America.
This view is primarily about how we (Conservatives) blew it....so there aren't a lot of positive policy recommendations. That said, policy recommendations can be discerned from his work. He's advocating a fiscally responsible culture of life, one in which immigrants are not automatically suspect and one in which we recognize that for good or bad, the country just is not going to give up on abortion.
His defense of Wall Street is logical and straightforward and his evisceration of modern farming is spot on.