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My conclusion is that we are a republic with some democratic aspects and that all would be well if we had closed the immigration floodgates long ago, as in the post 1870 era. This nation was crated for the posterity of the founders, who could understand and support our form of government
BTW wikipedia has a lot of error and false conclusions, I only use it once in awhile if I'm in a hurry
Technically we are both a democracy (indirect) and a republic, because :
Democracy is a form of government in which all eligible citizens participate equally—either directly or through elected representatives—in the proposal, development, and creation of laws. It encompasses social, economic and cultural conditions that enable the free and equal practice of political self-determination.
A republic is a form of government in which affairs of state are a "public matter" (Latin: res publica), not the private concern of the rulers, in which public offices are consequently appointed or elected rather than privately accommodated (i.e., through inheritance or divine mandate). In modern times, the common definition of a republic is a government which excludes a monarch.
When it comes to the second statement, I can neither prove or disprove you. I don't know if I would be better off today if I haven't made some mistakes in my life - I like where I am now, and it's very possible that my current position is a product of previous acts, including the mistakes.
Wikipedia is open for a reason. People constantly update it, provide citations, challenge statements. Whenever unsure about a statement, look at the citations. I can't help if one rejects certain citations for the reasons of bias though.