... uh, whether it's a TIF or it's, it's some other exotic financing scheme or subsidy, and in the end, a lot of that is as a result of overcoming the cost of the administrative and regulatory scheme that we have in our own government, and we don't look at ourselves critically in the mirror, and we're not willing to admit that this is too much, and we don't connect the dots, right?

That's right.

Uh, you know, and what's worse with those other approaches is you're generally picking a specific company to receive the, the, uh, the handout, so to speak, the subsidies or the, uh, uh, to avoid taxes for them and for some specific situations.

On the other hand, if you look at regulations, they apply across the board.

Every firm has to comply with all the regulations that are on the books in the state.

And what we've...

Let me give you some numbers here.

... that has worked to their benefit as well.

... uh, whether it's a TIF or it's, it's some other exotic financing scheme or subsidy, and in the end, a lot of that is as a result of overcoming the cost of the administrative and regulatory scheme that we have in our own government, and we don't look at ourselves critically in the mirror, and we're not willing to admit that this is too much, and we don't connect the dots, right?

That's right.

Uh, you know, and what's worse with those other approaches is you're generally picking a specific company to receive the, the, uh, the handout, so to speak, the subsidies or the, uh, uh, to avoid taxes for them and for some specific situations.

On the other hand, if you look at regulations, they apply across the board.

Every firm has to comply with all the regulations that are on the books in the state.

And what we've...

Let me give you some numbers here.

... that has worked to their benefit as well.

And we don't look at ourselves critically in the mirror, and we're not willing to admit that this is too much, and we don't connect the dots, right?

That's right.

Uh, you know, and what's worse with those other approaches is you're generally picking a specific company to receive the, the, uh, the handout, so to speak, the subsidies or the, uh, uh, to avoid taxes for them and for some specific situations.

On the other hand, if you look at regulations, they apply across the board.

Every firm has to comply with all the regulations that are on the books in the state.

And what we've...

Let me give you some numbers here.

Mm-hmm

[laughs]

... his ratings, like, don't really make sense to me in terms of what he's doing on the court.

Um, I'm not sure if you guys are familiar with the guy.

He's a four star.

Uh, I'm sure he was heavily recruited.

But it's like I, I, I haven't looked at his stats in the last, like, week or two, but he's shooting, like...

He was shooting, like, 65% from the field and almost all of it's from spot up, and his...

Yep.

Dog and God are the same letters.

They are.

They're inverted.

So I'm going to bring a prop.

And this is from my dog.

And I've had golden doodles.

I know I'm a manly guy with golden doodles.

Yeah, that's okay.

Can you talk a little bit about what you think, why it's so different with Youngkin doing it and what you think the effect of it is?

Yeah, I'm glad you brought that up.

Before I go too deep on what Virginia has done, which I do think is probably close to best in class or maybe best in class overall, I should make the point that we are going through obviously a lot of change at the federal level right now too.

President Trump is trying to implement a lot of similar changes.

We're seeing how it shakes out over time and a lot of the results are still to be determined.

But we should acknowledge that for as much as I've said negative about the federal lay of the land, there have been some positive changes recently.

Switching back to Virginia though, so Governor Youngkin, one of his first actions when he took office was to issue an executive order that mandated agencies reduce their regulatory inventory by at least 25% by the end of his four-year term.

Now, when you look at Youngkin in Virginia, from what you see around the country, has he been unusually successful or is he part of a wave of success?