The Hoover Institution hosted its fiftieth retreat, beginning on Sunday, October 21, 2012, and ending on Tuesday, October 23, 2012. On Sunday, the Honorable Bob McDonnell, governor of the Commonwealth of Virginia since January 2010 who also currently chairs the Republican Governors’ Association, the Southern Growth Policies Board, and the Southern Regional Education Board, gave the before-dinner remarks. His topics included job creation, economic development, our current debt crisis, and deficit spending. He also touched on two competing visions in the world; the first, which he calls an “entitlement society” with more guarantees, more taxes, more spending, and more regulation as a way to promote success; the second, an “opportunity society” which individuals can work hard, dream big, and use all their talents to be successful with limited government interference.