We already have the Tea Party Republicans. It is easier to purge RINO's from the Republican Party than to create a third party -- especially with elections being decided on a razor-thin plurality. A third party would simply serve to confuse and fracture the electorate even more than they already are.
If the Tea Party can hold the line and continue chipping away at RINO's and making a better sale to the general public, we will win. When facts, justice and natural law are on your side, all you need is effective communications to win the day. The left is selling ponzi schemes, envy, greed, racism, divisiveness and hate with a guaranteed payoff of slavery, poverty and national ruin. Let the public savor that caustic brew.