I'm not even sure if that's true, and I think its broke so badly that I almost wish it was. It much closer these days to a kleptocracy if not an outright idiocracy. H.L. Menkin once said:
As democracy is perfected, the office of president represents, more and more closely, the inner soul of the people. On some great and glorious day the plain folks of the land will reach their heart's desire at last and the White House will be adorned by a downright moron.
We're not only there, we have a fifty-fifty chance of staying there.