Actually the traditional Democrats have invaded the body of the Republican Party and are progressively taking it to the left. They have reassigned the color red to the formerly traditional blue as part of the gradual re-branding.
The new party to be born will be a conservative party on the right. Parties change over time, but people don't. There is a growing need for a conservative party to represent us.
How long will we wait for tat to happen? Or should we boot the moderates and let THEM form a new party.