It has taken many years to build towards this kind of loss, and the momentum is still swinging rightward and up towards drowning us all in even more of authoritarianism's and of conservatism's ideas:
The Invasion against Democracy: The war is escalating. Right now, financial elites aren’t just fighting a defensive battle against new regulations. They’re playing offense: They’re whipping up deficit hysteria around the globe and calling for drastic cuts in middle class programs. Why? They want to ensure that their loans to governments aren’t threatened by rising public debt. Ironically, the public debt they’re so worried about was created in large part by them — the result of huge bailouts and other expenses stemming from the crash they caused. Although the bankers want us to dismantle what remains of our worker-oriented policies, welfare for the financial elites is still fine and dandy.
LesLeopold at Alternet makes more than a few salient points in the piece titled "Is there a Global War between Financial Theocracy and Democracy?"
I have said before that I would like nothing more than to lay the blame for all of this on the Republican party BUT...