The Federal Government through a myriad of regulatory agencies (EPA, Energy, OSHA, Commerce etc) virtually licenses every private productive endeavor. Productive capitalism, which depends on free thinking and free to act innovators is being severely inhibited. Neither jobs nor wealth is being created. The creation of wealth correlates best with the establishment of social justice. Government cannot redistribute that which is not produced. Nor can government borrow endlessly to maintain consumption. Given the regulatory maze, the likelihood that any personal gains will be taxed excessively and the joy of being labelled a one percenter if successful, it is no wonder that there is a dearth of wealth creating entrepreneurs. Economic historians will have no trouble identifying the reasons America declined. If the Obama clown parade continues a second term, we will be done.