Definitely. The (false) correlation between Liberals/Democrats and Conservatives/Republicans has been spread for so long I catch myself using the incorrect terms at times, which is sad. I like to think I'm pretty aware of the media's political manipulation (majored in broadcast communications and political science), but I make the mistake more than I'd like to admit. Then I think if someone who is slightly educated in the area mixes it up, what does that say for most people who have not studied it?
The GOP isn't even conservative in the sense that term used to mean, I personally see libertarians as the most conservative group.