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" "What is the difference between a parasite and a liberal? The spelling!
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The question is not whether we should or should not regulate; it
is how much should we regulate and who the regulators should
be. We went overboard on deregulation under Reagan. Under
Bush, many people lost in the casino. Now we have the Obama
administration overreacting and overreaching with regulation that
does the exact opposite of wealth creation. If we are to have change
we can believe in, then we could start by replacing the majority
of the lawyers in regulatory agencies with actual experienced, successful
business veterans. They would have recognized the early warning
signs of many of the financial debacles created by the bubble-bust
cycle.
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The Boston Consulting Group recently released a study showing that
there were 5.2 million households in America that could be classified
as millionaires.1 I would love to see a candidate for national office,
especially president, come out and announce that his platform was
squarely oriented toward creating wealth, that in 8 to 10 years we
would have 50 million millionaires in America.