We can call the new party the Democratic Party. The present-day Democrats can become the Republican Party, and the current Republicans can go to hell–where they belong:
A new party—not a third party, but a real second party representing authentic alternatives, as befits a democracy—is therefore urgently needed. Fortunately, the nucleus of such a party already exists, however captive-like and timid, inside today’s Democratic Party. (The late Senator Paul Wellstone called it “the democratic wing of the Democratic Party.”) For this nucleus to grow, come to power and lead a new reformation of American capitalism, it must liberate itself by occupying and transforming the Democratic Party, as insurgents have done in other co-opted parties that outlived their historical mission—even if this means bipartisan Democrats leaving to become Republicans or go into the third-party wilderness.
HWikipedia: H (named aitch plural aitches; or haitch plural haitches, in many dialects, especially Hiberno-English) is the eighth letter in the ISO basic Latin alphabet. →