What you say is correct.
However, the following summary of Bucahanan's career is accurate and even more important than his presidential candidacy.
Republican presidential candidate, Pat Buchanan, the living American who has served longest as a White House senior staff adviser, observed: “The Republican philosophy might be summarized thus: To hell with principle; what matters is power, and that we have it, and that they do not.” “Where the Right Went Wrong"
http://www.amazon.com/Where-Right-Went-Wrong-Neoconservatives/dp/0312341156/ref=sr_1_1?ie=UTF8&qid=1381295072&sr=8-1&keywords=where+the+right+went+wrong