Extremely positive.
Democracy is the worst form of government, except for all the others.
I'll agree with this. It is a horrible system. The people who terribly screw up our country keep getting re-elected. Libertarians (the good guys) are rarely elected. There's no accountablility because of the 97% (about) incumbency rate.
Yet, out of all this, there's really nothing better.
I say negative, least bad of all evils.
Indeed, what you have in the US (and to a lesser extent in Canada) is not a perfect democracy. In a perfect democracy, Libertarians, and other 'fringe' parties would get their fair share of a voice. However, I do not support direct democracy.
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