They don't have just two parties, they have a plethora of parties that band together to "form" a majority party. That's why when something major happens, those loosely bound groups splinter causing new elections to occur because no majority exists.
The thing about this form of government is that you have to keep each small group happy to keep them under the umbrella of a larger group to stay in power.
Now, through that prism, look at the strategy that Obama is using to try and get re-elected.
One of his close aides said last year that they have given up on the middle class. I define the middle class as those with enough gumption to work and have enough intelligence to make a decent amount of money doing it. That "intelligence" part is where Obama has lost them. It's not hard to look at his out of control spending and his entitlement agenda and see that it is unsustainable.
I'm reminded of a Buckley quote - Idealism is fine, but as it approaches reality, the costs become prohibitive.
So, if you write off the working middle class who does that leave you with?
The fringe.
Look at who Obama has made appeasements to recently: environmental nut jobs ( Keystone), homosexuals (marriage), Hispanics (amnesty)... each of these moves has angered "the middle", but he's lost them already. So, he's making a coalition of the fringe.
Since Sally Mae and Freddie Mac are owned by the government anyway, I fully expect him to make a move to ease or forgive student debts and underwater mortgages, thus buying the votes of those groups as well.
He can, in no way, win the election with the votes of the working middle class, but if he offers enough branches to enough fringe groups, they CAN, by coalition, out vote us. God forbid if that happens.
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