Libertarian Bush?

Democratic presidential hopeful John Kerry is quoted in June 16 & 23 issue of The New Yorker as saying, "The Bush Administration agenda isn't conservative Republicanism, and it's not radical Republicanism--it's extreme libertarianism."

Two thoughts: (1) Bush a libertarian? What's Kerry been smoking?

(2) Among Democrats, is "libertarianism" now a demonizing term that is the moral equivalent to "card carrying ACLU member" for Republicans?