[accotMask17]

Poster's note: Billionaire Steve Wynn is a life-long Democrat and supports Harry Reid.

And I'm saying it bluntly, that this administration is the greatest wet blanket to business, and progress and job creation in my lifetime. Amen. Business is scared of this Socialist/Communist president. They have no idea what ObamaCare will cost and they are fed up with all the anti-business regulations and rhetoric and they won't invest or hire anyone until Obama is gone. Period. What people don't seem to understand is that it's all on purpose. He doesn't want a "recovery". Obama wants to install a politically correct version of the Soviet Union here.

http://www.businessinsider.com/wynn-...t-obama-2011-7

Wynn CEO Goes On Epic Anti-Obama Rant On Company Conference Call

Joe Weisenthal | Jul. 18, 2011, 6:51 PM

Who doesn't love a good rant?

We certainly do, and as usual, Steve Wynn, the CEO of casino company Wynn Resorts, delivered on his company's quarterly conference call today.

Via Seeking Alpha, here's the crux of it:

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.

Later in the call, he rants again about how hard it is to visit America (due to Homeland Security and visa issues), and what that means for Chinese visitors.

[Thomaswhitee]

His fellow billionaires aren't creating jobs for people, so the people don't have enough money to go gamble in Wynn's casinos.

Excuse me, while I shed a few tears for his misfortune.

[Pznrrmaf]

"this administration is the greatest wet blanket to business, and progress and job creation in my lifetime".
He must be in the wrong business, we have grown this year, added benefits, and are looking to buy a larger building? This administration has not hurt us in the least and we were cut out of all stimulus money even though many states had shovel ready projects that could have utilized our equipment


Gee I thought all those GOP'ers ran in 2010 on a platform of Jobs, Jobs, Jobs and they won Big time taking over the House, so we should have jobs for everyone..... What it's not trickling down but didn't Obama cave and extend the Bush Tax cuts to the Job creators, so where are the jobs?

I hate the GOP, (Get Obama Party) it's full of lying crooks. Oh and in my book Las Vegas is the a hole and only fools give there money to Wynn and his ilk of criminals.

Lastly if the Rethuglicans get there way and destroy the middle class, Wynn might as well demolish his hotels because Vegas will dry up and blow away, just like the middle class.

[Dodoerabe]

Wynn's primary problem is that in the early days of the banking crisis, it was revealed that banks who had taken large TARP bailout packages were found to be spending hundreds of thousands to millions of those dollars on corporate retreats in Las Vegas.

Obama said quite accurately that when the banks were laying off thousands, being seized by regulators and generally under a microscope, it might be sending the wrong message to be having lavish parties in Las Vegas for their execs at a time when so many were suffering.

In the aftermath of that, several banks and other companies downsized or canceled their planned retreats. Wynn lashed out then that this was costing him money and he's repeated that message in every earnings presentation since.

[karkinadze]

And as I recall, Regis challenged you on that same point, wondering what you have against the people who work in the Vegas casinos.

[sportsbettinge]

*kicks the stupid Allstate ad, because I LOATHE Allstate*

As to the topic, I've GOTTEN a job in the middle of this recession. The firm I work for hit the $10 million dollar profit mark last year (and we all got bonuses because of it). The firm I work for is doing JUUUUST fine in this economy (and most lawyers are Democrats, from my experience) -- because they have good business sense. People have just gotten smart (sometimes), they're tightening their belts and making less forays to the City of Sin and blowing money they don't have and trying to save it.

It sounds to me like Mr. Wynn is spouting sour grapes.

I still wonder, after all this time, why this particular poster seems so pro-gambling, when he says he's LDS and we're urged by the Prophet not to blow our money on gambling -- of course, it's all about having agency, and he can do what he wishes...but maybe it'd be smart if most people decided that gambling is a sure way to dig yourself in deeper financial trouble.

[tobia]

I doubt that Brad is pro-anything. He'll wear whatever uniform is most confrontational to the parts of the country that he considers his enemy. His opinions have a lot more to do with whatever Rush Limbaugh said in the past 72 hours than anything said in any church. He's anti-Obama to a cultish extreme level. So anything from the Obama White House, be it a statement that more vegetables in a child's diet may be healthier than McDonald's every day or a statement that the sun will rise at a particular time in the morning, will be attacked.

It's a fear-and-anger response to the fact that Democrats champion a population of people that people like Brad aren't fond of, and with Obama in the White House, that constituency (young voters, college students, immigrants, gays, women, the poor, the middle class, black and Latino voters, unions, people who live in large cities) may end up with a more powerful voice in Washington and in state governments for generations to come.

[77Dinaartickire]

What people like Steve Wynn and his fellow billionaires don't understand is that when you bleed the bottom 90% of the country dry financially, and even people who do have jobs who are struggling to cover food/rent/car payments--forget the unemployed--they're not going to go blow what hard-earned cash they have in a weekend at Vegas. Maybe five years ago when people were less uneasy about credit card debt, but definitely not anymore. It has absolutely nothing to do with Obama and everything to do with failed "trickle down" economics, lax regulation and a vampire economy. It still amazes me how short-sighted and selfish some of these wealthy entrepreneurs are...

[resegooredo]

What people like Steve Wynn and his fellow billionaires don't understand is that when you bleed the bottom 90% of the country dry financially, and even people who do have jobs who are struggling to cover food/rent/car payments--forget the unemployed--they're not going to go blow what hard-earned cash they have in a weekend at Vegas. Maybe five years ago when people were less uneasy about credit card debt, but definitely not anymore. It has absolutely nothing to do with Obama and everything to do with failed "trickle down" economics, lax regulation and a vampire economy. It still amazes me how short-sighted and selfish some of these wealthy entrepreneurs are...

Well Said, you just hit the nail on the head with your insightful post.

[skydaypat]

I doubt that Brad is pro-anything. He'll wear whatever uniform is most confrontational to the parts of the country that he considers his enemy. His opinions have a lot more to do with whatever Rush Limbaugh said in the past 72 hours than anything said in any church. He's anti-Obama to a cultish extreme level. So anything from the Obama White House, be it a statement that more vegetables in a child's diet may be healthier than McDonald's every day or a statement that the sun will rise at a particular time in the morning, will be attacked.

It's a fear-and-anger response to the fact that Democrats champion a population of people that people like Brad aren't fond of, and with Obama in the White House, that constituency (young voters, college students, immigrants, gays, women, the poor, the middle class, black and Latino voters, unions, people who live in large cities) may end up with a more powerful voice in Washington and in state governments for generations to come.

And poor brad WHEN Obama is re-elected, I hope noone talks him down off the roof.

[CorpoRasion]

And poor brad WHEN Obama is re-elected, I hope noone talks him down off the roof.

More like out of Mom's basement.

[Hammaduersnes]

I doubt that Brad is pro-anything. He'll wear whatever uniform is most confrontational to the parts of the country that he considers his enemy. His opinions have a lot more to do with whatever Rush Limbaugh said in the past 72 hours than anything said in any church. He's anti-Obama to a cultish extreme level. So anything from the Obama White House, be it a statement that more vegetables in a child's diet may be healthier than McDonald's every day or a statement that the sun will rise at a particular time in the morning, will be attacked.

It's a fear-and-anger response to the fact that Democrats champion a population of people that people like Brad aren't fond of, and with Obama in the White House, that constituency (young voters, college students, immigrants, gays, women, the poor, the middle class, black and Latino voters, unions, people who live in large cities) may end up with a more powerful voice in Washington and in state governments for generations to come.

You are most likely right. I hate the fact that for many people who read his rantings, HE is what they associate with the LDS religion, and he is so far from what I witness in my ward and my stake every day that it's not even funny. If you're to claim a religion publicly, you shouldn't continually show yourself the way he does. The Latter Day Saints are up against enough negative connotations to our faith without someone claiming to be one of us contributing to the negative connotations.

[NEronchik]

Right. Take a look at his sig. Isn't that the sort of thing the LDS Church has been trying to distance themselves from for decades?

[addifttiest]

Right. Take a look at his sig. Isn't that the sort of thing the LDS Church has been trying to distance themselves from for decades?

I don't read signatures regularly, but, yes, and it's quite offensive.

[enasseneiff]

Pretty much every religion has people who give it a bad name. Fortunately, those folks are in the minority in every case I can think of.

[gyjsdtuwr]

Pretty much every religion has people who give it a bad name. Fortunately, those folks are in the minority in every case I can think of.

Thank you, I know people of Faith and people of dis-belief that are great people, always trying to lift up the less fortunate, I also know both believers and non believers whose lives are identical in selfishness, I have heard it said most people don't have a problem with Jesus it's his followers they don't care for, totally understood. I also think it goes for all the faiths out there.

[soSldI4i]

Didn't Gandhi once say that "Christianity is a beautiful religion......the Christians should try it sometime" or something along those lines?

[Affiltavajefe]

Oh, I understand completely there are the "bad apples" that ruin the whole bunch in ALL faiths. I only point out the people from my chosen religion because I also know there's a lot of misconceptions (both from the church's past and from just plain ignorance of what we believe) running rampant about the LDS church, that it saddens me to see someone who claims the religion I've chosen for myself to further taint it with ignorance. I hope that makes sense. I certainly don't believe all Catholics to behave the way my former crazy coworker behaves, or all Muslims to behave like the extremists...just for example.

[Binuilienzync]

Makes perfect sense!