. >> and, john tannedy that's precisely why the congress just passed something they called the regulatory accountability act, it's a republican bill in the house, but they did get 19 democrat tick congress men could go along with them. and this is an attempt the president by the way has said he's going to veto this measure even though before he said he was for fewer regulations. >> that would be a bad idea. steve is right the entrepreneur is not dead what we have is a problem of investment. there are no entrepreneurs without capital, but when investors commit capital to new ideas they are buying future dollar income streams. so it's no surprise that modern times the birth of companies has declined with the president bush and a president obama both seeking devaluation of the dollar, but the good news is once we reverse that you'll see entrepreneurialism flower again into mike, again, nobody is saying it's dead, entrepreneurial spirit is a part of american culture. you look at friends and the trend is not good. >> that's right. what we need to reverse that trend, david, is something that we

. >> john tannedy, you look at the plans for these two jekts and they are just -- i mean luxuries wouldan understatement. by the way, the cost her square foot of these renovations are about what the trump world towers is costing. mr. trump doesn't do things on the cheap. >> well, you know it's really offensive and let's face it we can always find these examples of egregious government spending but i think they subtract from our overall mission of shrinking government. the reality is all government spending almost by definition is waste because it's political allegation of the resources we create over private sector allocation of it. i think we need to move away from the little things and talk about the big government that exists here that is a huge ball and chain on u.s. economic growth nationwide. >> it's a great point. steve, the fact is that these ideas they might begin even as virt use the idea of consumer financial protection it sounds great, but then inevitably this is liz warren's idea, by the way, she's the one that came up with the idea for this agency inevitably it becomes a b