Agreed unfortunately.
When 50% of the electorate pays no income taxes they don't care about your great income tax cut you passed last year.
They don't own stocks so they could give a shit what the Dow Jones is.
They don't have any money to pass to their children so they don't care if there is a federal inheritance tax or not.
They live day to day, paycheck to paycheck because the globalized economy transferred their places in our economies to the developed world while enriching the investor, academic and administrator class. They see this and they are right to be pissed.
We (conservatives) have come to look with disdain on government action that improves the lot of the common man and expect them (the electorate) to be able to trace the good or improving things in their lives (particularly their economic circumstances) to broad national policies that you would have to connect the dots thru in a very tenuous sense.
We expect a machinist in the Mid-west to see how reducing marginal tax rates on individuals making over 500k a year leads to higher investment in small business and that's why he has a job, gimme a break. We expect a dude in his 50s established in a town with a family and connections to not be resentful as hell when his job is outsourced and to see how it really serves the greater good to more efficiently source his function overseas and that creative destruction in capitalism is fine, just depends on which end of the whip your on...
Conservatives can remain true to the principals of limited government and use the scale/ability of the federal government to broadly improve the lives of the working/middle class in this country. Modern conservatism in any modern advanced state with an industrial or post-industrial economy should be on limited but effective and focused national governance that excels in a few areas rather than our current model of the federal government being mediocre in a lot of areas.
Use those few but well executed functions to enable and secure the largest possible middle class that is the only way a stable democracy can survive in a large and diverse country.
I am not for an intrusive all encompassing federal government but the people want some basic reassurance that if they obey the law, support their families and are loyal to this country, that the federal government will give them a reasonable safety net. As conservatives, we have to accept that but deliver it in a realistic, sustainable and understandable way that does not enslave the industrious to the lazy and modestly insures the honest and hardworking from the whims of fate.