This nation was founded on the principle of wealth creation. As a young Henry Clay said in the House of Representatives in 1812, “It [wealth creation] is a passion as unconquerable as any with which nature has endowed us.
You may attempt to regulate—you cannot destroy it.” That is supposed to be the federal government’s primary objective. It is supposed to promote the creation of an environment conducive to the creation of wealth—not job creation, not bailouts, not subsidies, not expansion of the federal bureaucracy, and not providing lifetime support to those who choose not to take advantage of the innumerable opportunities that exist in this nation for them to create a better, more productive life for themselves.
If we can turn around the tide at the next Presidential elections, I believe there is a very bright future ahead of us. If not, I am afraid we are in for an even bumpier road.