Red Tsunami?

For some reason it just occurred to me that the 2024 election might just be an overwhelming Republican victory, not only making Trump President but possibly giving the Republicans supermajorities in both the House and Senate. I'd like to think that that would lead to the emergence of a replacement party for the Democrats, but my guess is that the oligarchs would support the Democrats to maintain the illusion of democracy.

Just a theory. I hope I'm wrong.