It doesn't really matter how many elections you think it might take to transform into a fascist dystopia. If you say it will take at least N elections to get that far, there will be people out there that will argue that we are already N-1, N-2, or even N elections on the way down that path.
And until we have an election that signals a clear, unambiguous change in direction, the disillusionment will continue. The Bundy-style armed protesters will grow ever more convinced that time is running out, and those on the margins will view them less as crackpots and more as harbingers.
The "don't trust the feds; don't trust the cops" attitude is finally spreading to the median American. Our bread needs more butter, and our circuses need newer acts.