The Obama campaign as hostile takeover
Think of it all as a hostile takeover, not yet accomplished but well on the way. Steps as follows:
1. OFB are noisy shareholders generating buzz
2. Investment bankers (the funders) supply the capital (teebee!)
3. Loss-making divisions -- working people, the poor, the old, anyone who needs government to work -- are downsized or cut loose; Donna Brazile was sending a message to the backers; it's just business.
4. Assets -- remaining reputation of Dem Party -- are stripped to repay the investment bankers (coal, nuclear)
5. The shell of the Party is sold to a bigger fool
6. All the players get good jobs in the Village and sleep the sleep of the righteous!
If the metaphor is right, there is a real difference between Hillary and Obama -- Step #3.
UPDATE Bottom line is that the Old Coalition thinks of political parties as a vehicle to achieve certain policy ends; maybe with the necessary degree of corrupt lubrication, but still. The investment bankers (and by extension the leaders of the New Coalition) think of political parties in exactly the same way that they think about everything else: As financial assets. Period. The financier's world view could be not unrelated to the curious vacuity of Obama's rhetoric, which has all the conceptual depth of a brochure for a "complex," "innovative" financial instrument. And we know how well that worked out. For us, anyhow.
UPDATE Needless to say, if this model is correct, issues like the restoration of Constitutional government are off the table. Why? They are public goods, not financial assets.