number of jobs available to those people on the bottom of the economic ladder, and we would deprive , butofhe bottom rung this should not be as hard. it is hard to overstate the harm that regulations and policies have. i spake -- spoke to business owners who started 30 years ago who say there is no way i could've started my business and grow with the way i did if i had to do it today. of regulationarm and uncompetitive tax rates -- you have to make america an attractive place for capital investment and business expansion, and we are not doing that. we are not doing that by demonizing business and demagogue and success. >> i have heard that, too, that it would be harder to start a business now than 30 years ago, but are the heirs or we could roll back regulations? >> first of all, the business formation rate in lots of big sectors of the united states is very high. if you go to texas, the business formation rate is remarkable. >> taxes are low. >> that is not the biggest reason. it is one factor, but not the main factor. first of all, i do not agree that business formation is weak and poor i