I hope so, but I would not underestimate what William "The Weasel" Clinton may yet pull. I do not think he feels the heat of the Yugoslav affair yet, but when he does -- well, in his usual style he will sacrifice some of his side-kicks - my favourite bet is Mad Halfbright -- and make the liberals with the cruise missile envy feel good about themselves telling them that they fought a good, just, liberal war for the benefit of the humankind - a claim that may sail smoothly because it cannot be easily disproved by evidence of US venality of imperial interest. Another (and not mutually exclusive) strategy is "turning to the right" again and claiming that he once again reafirmed US military hegemony over Europe.
Mind that the Persian Guld adventure had virtually no effect on 1992 election, despite enormous popularity of that war. So there is no reason to belive that this adventure will be any different.
Of course, electoral defeat and disintegration of the Democratic Party is inherently good, because it will free organizational resources now being tied up to serve the interest of capital to be available to genuine grassroots organizing. So from that angle, I'd like to see your prediction coming true. But methinks that is too optimistic. I do not think the owners of the US will permit such a major pr blunder as a one-party rule to happen.
wojtek