America's more open approach to widespread immigration is faltering, the support for it eroded by our low-growth economy. For too many, the pie seems to be shrinking, with those at the Little Debbie level much more aware of this than those who can afford double-swirly cheesecakes. To be sure, some of the blame for the Obama era's anemic growth can be put on aggressive regulatory policy. Obamacare increased, in effect, the tax on labor that employers must pay, with predictable responses on their part. The Federal Reserve became the largest financial intermediary in the country under the reign of quantitative easing, meaning that the central bank, and not an array of investors, has been the biggest allocator of capital. As Bastiat told us, we're unable to see the value that wasn't created as a result of centralized policies that squelched opportunities for growth.