Steve Wynn: Obama a Wet Blanket for Business, Killing the Economy
Over on my blog, you could’ve followed American business’s quick development of buyer’s remorse over mostly backing Barack Obama in 2008. The list of CEOs that has since come out, at considerable risk, to criticize Dear Leader has been remarkable. Steve Wynn has been on that list for sure, but he’s not railed against the Lightworker like this yet. Wow!
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.
This is what I predicted and what I’ve chronicled. The job market vigilantes are all American businesses – big ones, like Wynn’s company, and small ones like this guy. Wynn is right. I’ve talked to hundreds of people in business over the last few years and they all feel this way. Do you like this economy? Well, this all you’re gonna get with Barack Obama. It ain’t getting better and if we give him four more years, this how it will stay. That’s a fact. In fact it would likely get even worse in a second term. This economy is baked in the cake, the only question is do we want second helpings.