how to adjust to this game?

[Jeebus]

This occured my last night in Tunica. I think I adjusted wrong and that combined with a few suck outs led me to my first loss in a live game in many moons.
So i sat down at the 1/2 NL at the Goldstrike, which has been playing much like a 2/5 game the whole time. Competent though weak players made it rather sweet. Tonight however an action player sits down along with some of the most loose passive players i have ever encountered. (yay for the 300 NL tournament) The action guy raises every hand to 10 dollars. I mean every hand too, I think he may have folded four hands pre-flop in 5 or 6 hours.
As a result of this raise, the loose players basically limped in with the hands they would limp with and then 90% would call the 10 dollar raise. On average 6 people saw the flop for a starting pot of 65 or so dollars. Other than these raises, preflop there were probably a total of 10 raises or reraises from other people in the time I was at the table. After the flop, any pair or any draw would be a calling hand for the players and top pair and better was a betting hand. The action player traditionally bet 1 1/3 the pot if no one had bet yet when he acted.
as a total result, traditional flop bets were about 100, turns around 300, and the river was an all in.

I compensated by buying in much higher (obviously since we are now playing loose as hell 1/2/10 NL) and playing extremely tight. I tried to just wait for monster hands but was running cold (I had ran ridicuously hot the first three nights with 10 or so high PP every night). In the end i got tilty and started calling with less than premium hands which then got outdrawn, sorta, and lost alittle. How would most people attack this game? Oh, most loose fishies had around 300 in chips, i had about 1000, and the action guy had around 3000. A few people came in and out with about 5 or 600