Frederick Smith and Bernie Marcus, founders of FedEx and Home Depot, respectively, know why. Smith, who founded FedEx in 1971, says, "[I]t's much more difficult to start an industrial company. ... The regulatory environment is very tough today." Marcus, who started Home Depot in 1978 was more direct: "I actually had to go to California to find a banker who would give us a ... line of credit. Today, under Dodd-Frank, he wouldn't even open the door to me." The United States, says Marcus, "is destined for mediocrity. It will not be the great American dream; it will not be available anymore."