Republicans would be better off to go after asians, as most of them are inherently fiscally conservative.
The last three Republican Presidents (all self-declared "fiscal conservatives") were the most fiscally irresponsible Presidents in our nation's history. I doubt empasizing fiscal conservatism will win back Asian voters when the GOP have demonstrated time and time again that they are hypocrites on the issue.
More so than LBJ or Carter? Barack Obama has hardly been a paragon of fiscal responsibility.
(I agree with you on George Bush Jr, but Sr was a deficit hawk, and there were mitigating circumstances with Reagan)