A Moderate is someone who feels that there shouldn't be moral absolutes to every question, and there are usually some truths in both the conservative and liberal viewpoint. Moderates tend to favor evolutionary political change rather than revolutionary change, perhaps because you never know what you're getting into when you abandon a system that seems to work pretty well and try to make a new one from scratch. It’s hard to argue that gradual, careful change is wrong, so what do quite far to the right Conservatives do?
Rush Limbaugh and his ilk have labelled moderates as "worse than Liberals," the ultimate insult when used by stupid conservative hate-mongering racists. Andrew Schlafly contends that a moderate is just a liberal pretending to be "reasonable." He may have a point, because in this era of conservatives who are so far right they walk and talk like Fascists, moderates may actually vote for a liberal.