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Of course! That's the good cop/bad cop pattern that is US politics.
Party A makes a horrible mess and makes intractable changes that are never reversed.
Party B "saves" the people with landslide election, making small temporary concessions to much fanfare whilst leaving all of the actual nightmare machine built in the prior decade untouched (example Patriot Act, Citizens United, more).
"We were so close!"
"Just a few more votes!"
"We can't make these changes overnight"
Stagnate for a generation or so and rake in immense treasures.
"Oh no we've printed too much money", "help all of our manufacturing went to Mexico", et al spiraling problems and out of control mess.
Party A, the same party that 10-20 years ago wrecked absolutely everything, is here to save the day! Finally! This is the last election! They have had to collect only "significant treasures" for some time, we have to switch it up again so they can now make "immense treasures".
Parties then actually change and/or eliminate their "platform" and even switch places completely here and there. The "donors" and political elite remain the exact. same. people. The Fed keeps on working, and somehow even with the Fed keeping a firm hand, the banks make record profits. Oh no! they will collapse from their own profiteering fraud, we need to give them tax money so they can make money with the money they already made money with for 20 years. They will pay us back, of course... but only AFTER they "print" all of that money that costs them nothing to print to pay us back with. Wait, they don't even bother to "print" it, it's just a number in a server. It's even easier, the rug pull is so simple. Somehow, every year the banks/corps/robber barons own more land and gold and the actual people own less.
Rinse and repeat from 1970s until today! We will be saved from the villains who saved us from the villains who saved us from those other villains! We're a democracy, see?
(I hope I'm wrong and instead they have a constitutional convention and SAVE THE WORLD and universal healthcare and "chicken in every pot" New Deal politics and firm corporate control and monopoly busting and separation of church-state cemented and banks removed from banking regulation and so much more. but I don't think so.)
I thought it was named "ratched effect" for that reason