Seems to be quite a few who feel that democracy in our country should be liberal democracy.  I have been reading different literature on the subject and found this one persons blog on the subject:
"Liberal democracy is a form of representative democracy  where elected representatives that hold the decision power are  moderated by a constitution that emphasizes protecting individual  liberties and the rights of minorities in society, such as 
freedom of speech and assembly, freedom of religion, the right to private property and privacy, as well as equality before the law and 
due process under the 
rule of law, and many more.
Such 
constitutional rights,  also named liberal rights, are guaranteed through various controlled  institutions and various statutory laws. Additionally the constitution  of most of the contemporary liberal democracies protects the rights of  individuals and minorities, and prohibits the will of majority  (majoritarianism), by almost eliminating that rule in practice.
Some would argue that liberal democracy isn't democratic or liberal at all. They would argue that "liberal democracy" does not respect 
majority rule,  except when citizens are asked to vote for their representatives, and  also that its "liberty" is restricted by the constitution or precedent  decided by previous generations. They would argue that, by prohibiting  citizens the right to cast votes on all issues—especially for serious  subjects like going to war, constitutional amendments or constitution  abolishment etc.—this turns "liberal democracy" into the precursor of 
oligarchy.
Others would say that only a liberal democracy  can guarantee the individual liberties of its citizens and prevent the  development into a dictatorship. Unmoderated majority rule could—in this  view—lead to an oppression of minorities."
Then found this online:
http://www.oligarchy.net/
"Oligarchy                  Is Not Democracy"
                
                The first and second definitions of democracy                  in Webster's dictionary are:
                1: "a government by the people;
                esp : rule of the majority -
                2: a government in which the supreme power is held by the people." 
There seems to be a lot of different view points on the subject.  I am very interested in hearing other viewpoints.  
I wanted to ask you Budrn, why do you think we went from a democratic nation to an oligarchy since WWII ended?