Henry -- the GOP may be devoid of ideas (with the exception of Dr. Paul) but the Democrats are full of WRONG ideas. The Democrat's ideas have been discredited for ages, but they still cling to them.
The answer is to build a party that is neither Democrat nor Republican. A party of ideas and ideals. A party that realizes that the best prescription for the future is to be found in the ideas of the founders -- individual liberty, limited government, sound money and peace.