Here is a recent Carly Fiorina Ad putting boxer in the proper ruling class context–that she has used government to make herself into a millionaire while her own constituents are made to suffer from her failure to lead. And that is really what it comes down to.
Since early 2009 the left has tried to convince us they could fix everything, but they have had the majority to do it since 2007. The only excuse for their failure then is the same as their failure now–they have no idea how to lead, only to spend and then to tax. Anyone can spend and tax. Leadership is something more–and no amount of pretending to have it now that the country is in a stagnant ruin should save them from an electoral drubbing.