I think when you are the world's only superpower, the worst of the world has gotten involved in the US's affairs.
Prior to my birth, the president's role was limited and congress wasnt as paid for by lobbyists.
If we look back at our government's founding, we have large interest groups pushing to maintain horrible things such as slavery. But eventually we moved past that.
I won't claim that things couldn't be better; we certainly have a lot of room for improvement. But I don't think we're doing as poorly as many people would like to believe.
The US's political system is extremely antiquated, and is not at all appropriate for a post-industrial economy. We do have a few nice things though, like a very strong protection for speech. Arguably too strong right now though, as it gives corporations nearly unlimited rights to influence elections.