There already is a socialist party.
But there already is a Communist Party, Socialist Workers Party, Workers World Party, Revolutionary Communist Party and Democratic Socialists of America (all sort of reds, old, ex, new, stupid and weird).
I guess Bernie is, as the former Reds said about themselves after they left the Party, they were just “LEFT OUT”.
Hey, there is a silver lining to this all. Bernie has three houses so he can have a “HOUSE PARTY” and wear an erasehead Afro to it.