Tuesday, July 19, 2011

My Daily Domestic Clips 07/20/2011 (a.m.)

  • Year 3 of the great recession and we hear from Steve Wynn, CEO of Wynn Resorts on how the Obama administration is destroying business in this country. Wynn, is also a Democrat!

    tags: Obama areyousorryyet?

    •  

      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 market place 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'll say, 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, their  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 company 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.

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