Obama's New Democratic Party

Here's a crazy scenario that I heard about. It's a long shot and I don't think it will get to this point, but here it is for your pondering:

DNC Gives Hillary Clinton the Nomination Over Obama

What if even though Obama has won the popular vote and has more won delegates but the DNC still decides to push the nomination to Clinton? Its possible if enough Super Delegates are swayed. Why would the DNC deny the first Black Candidate of the Party? They wouldn't, but this is just a thought experiment.

OK, let's say it happens. Then what? An outraged (rightly so) Obama could break off from the Democratic Party and start a "New Democratic Party". A schism in the DNC would create a new party and perhaps bring them the first President. Would either "Democrat" have enough votes to beat a (unified) Republican Party? Probably not, but I don't think Obama should or would accept the slap in the face and let it pass.