Quite a few people think the answer to the title question is YES.
Alwyn Thomson makes the case with typical incisive analysis in a post at PS at Contemporary Christianity’s website
The word ‘evangelical’, he argues, is now theologically almost meaningless. Evangelicalism as a movement has undermined the church. And evangelicalism, especially in the USA, is fatally compromised by its alliance with political power.
Alwyn knows what he’s talking about. When research officer for Evangelical Contribution on Northern Ireland (ECONI) he developed a lot of excellent material on evangelical identity, politics and theology, and now he lives in the USA.