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How about the Libertarians. Their whole platform devolves to "Lets smoke dope"

I have no idea if this is meant to be a defense of the milk-sop GOP, but what I'd hope for is a new party based on the Tea Party foundation already in place, with the small-government principles of libertarianism, the social conservatism and social values that most Americans believe in though the elites of both parties don't, and the strong foreign policy needed to preserve our independence from foreign influence and money - starting with national border enforcement.

There's a huge bloc of voters who think conservative on social, fiscal, governmental and foreign policy issues - that bloc is held in contempt by the Democrats and also by the GOP establishment. It can go on being ignored, or it can mobilize to form a new party which represents it's interests and leave the husk of the GOP for the establishment Republicans who stand for nothing but watered down liberalism.