[applause] another amazing challenge comes from jason watson. are you here? thank you. he is a commercial fisherman. a lot of time, he deals with the regulatory environment that is getting worse and worse on commerce. specifically, catch limits of that impacts offshore fishing, but more important is the regulatory environment that has stifled growth throughout this nation is doing it more because in the last 12 months we added 70,000 pages of the compliance cost of $95 billion just to comply. could you talk about that? >> yes. i mentioned i think the great cancer that undermines entrepreneurship is regulation. in some cases, it is unionization. because he cannot do certain things done on various environmental front like cap and trade and certain union areas like card check, he tried to use the administrative process act with bureaucrats, but you try to get them to pass of volumes of the regulation that enact some of these policies. i think some of these are beyond the scope of what congress intended and permitted our people to do. so regulations, as long as they have of

[applause] >> another amazing talent comes from jason watson. are you here? thank you. he is a commercial fisherman. he spends a lot of time to live with the regulatory environment getting worse and worse on commerce. this question goes to the regulatory environment we have in this nation, specifically, catch limits, impact offshore fishing but more importantly, the regulatory environment that has stifled growth throughout this nation is doing it more because in the last 12 months, we've added 70,000 pages of the compliance cost of $95 billion just to comply. would you talk about that? >> i think the great cancer that undermines wealth creation and job creation is taxation regulation and litigation, and to some degree in certain areas like the boeing case, unionization. what this president seems to do, tim, because he cannot get certain things done, on various environmental fronts like cap and trade uncertain union areas like card check, he's trusty's the administrative process attacked with -- he tries to use the administrative process attack with good public servants,