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Buyer’s remorse: CEO Steve Wynn says Obama bad for business
It’s not just Republicans and the Tea Party who have a problem with Dear Leader’s Marxist proclivities. Steve Wynn, Chairman and CEO of Wynn Resorts, used a portion of his quarterly earnings conference call to issue some sharp criticism against President Obama and his economic policies. But don’t expect to hear much about this in the media, because Wynn is a Democrat who supported Obama in 2008 and now is experiencing some self-inflicted wounds from putting a socialist in the White House.
[emphasis added below — FMP]
“I believe in Las Vegas. I think its best days are ahead of it. But I’m afraid to do anything in the current political environment in the United States. You watch television and see what’s going on on this debt ceiling issue. And what I consider to be a total lack of leadership from the President and nothing’s going to get fixed until the President himself steps up and wrangles both parties in Congress. But everybody is so political, so focused on holding their job for the next year that the discussion in Washington is nauseating.
And I’m saying it bluntly, that this administration is the greatest wet blanket to business and progress and job creation in my lifetime. And I can prove it and I could spend the next 3 hours giving you examples of all of us in this marketplace that are frightened to death about all the new regulations, our healthcare costs escalate, regulations coming from left and right. A President that seems, that keeps using that word ‘redistribution.’ Well, my customers and the companies that provide the vitality for the hospitality and restaurant industry, in the United States of America, they are frightened of this administration. And it makes you slow down and not invest your money.
Everybody complains about how much money is on the side in America. You bet! And until we change the tempo and the conversation from Washington, it’s not going to change. And those of us who have business opportunities and the capital to do it are going to sit in fear of the President. And a lot of people don’t want to say that. They say, ‘Oh God, don’t be attacking Obama!’ Well, this is Obama’s deal and it’s Obama that’s responsible for this fear in America.
The guy keeps making speeches about redistribution and ‘Maybe we ought to do something to businesses that don’t invest, they’re holding too much money.’ We haven’t heard that kind of talk except from pure socialists. Everybody’s afraid of the government and there’s no need soft peddling it, it’s the truth. It is the truth. And that’s true of Democratic businessman and Republican businessman, and I am a Democratic businessman and I support Harry Reid. I support Democrats and Republicans. And I’m telling you that the business community in this country is frightened to death of the weird political philosophy of the President of the United States. And until he’s gone, everybody’s going to be sitting on their thumbs.”
Posted by FullMetalPatriot
12th gen. American, Constitutionalist, Harley-riding Texan, gun owner & NRA member, blogger, illustrator, Florida Gator alumnus. #TCOT
12th gen. American, Constitutionalist, Harley-riding Texan, gun owner & NRA member, blogger, illustrator, Florida Gator alumnus. #TCOT
I am proud of Steve Wynn, here in Las Vegas. However, Steve (and all of the big casino money) backed Harry Reid (known is Pinky here in Nevada) over Sharron Angle. He is just as much of a problem as Obama because Ried supports all the anti-business policies. Thanks Steve, but I wish you’d of come around a year ago.