Tuesday, July 19, 2011

Steve Wynn: 'It's Obama That's Responsible for This Fear in America...'

I was just over on the North end of the Las Vegas Strip last week, and the Wynn properties looked fabulous. We haven't stayed there yet, but we will. They send us invitations for multi-night stays, but the schedule hasn't worked out so far. But listening to Wynn's conference call makes me want to speed it up. Business people know what it's like to create jobs, and in Las Vegas you see it first hand. People are working. They are bustling and making good money. Democrats want to kill it, and Wynn says business owners are waiting it out.

Joe Weisenthal has the commentary, "Wynn CEO Goes On Epic Anti-Obama Rant On Company Conference Call." And the full transcript's at Seeking Alpha, "Wynn Resorts' CEO Discusses Q2 2011 Results - Earnings Call Transcript":

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, "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 or 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 to 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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