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July 20, 2011
Casino Mogul Wynn Slams Obama on Jobs, Economy
Wynn, the CEO of Wynn Resorts (WYNN), called the administration the “greatest wet blanket to business and progress and job creation in my lifetime.”
In particular, Wynn criticized Obama for a “lack of leadership” and Washington for excessive regulation and escalating health-care costs.
Las Vegas heavyweight Steve Wynn, a self-described Democratic businessman, unloaded on the White House this week, blaming President Barack Obama’s political philosophy for the nation’s stagnant job growth and poor business climate.
Wynn, the CEO of Wynn Resorts (WYNN), called the administration the “greatest wet blanket to business and progress and job creation in my lifetime.”
The comments underscore the tense relationship between corporate America and the White House, and come as Washington is paralyzed by the tense negotiations to raise the nation’s debt limit.
“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,” said Wynn, who was responding to a question during his company’s earnings conference call about expanding in Vegas.
Wynn, 69, is worth an estimated $2.3 billion as of this year, up from $1.5 billion previously, according to Forbes. In 2006 he was named as one of the world’s 100 most influential people by Time. Wynn’s casinos include the Wynn Las Vegas, Wynn Macau and Encore.
In particular, Wynn criticized Obama for a “lack of leadership” and Washington for excessive regulation and escalating health-care costs.
“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,” Wynn said. “And until he’s gone, everybody’s going to be sitting on their thumbs.”
The blunt comments were surprising considering Wynn has been a frequent supporter of Democrats in the past, including donating to Sen. John Kerry’s run for the White House in 2004 and supporting a number of other key Democrats like Senate Majority Leader Harry Reid.
“Everybody's afraid of the government, and there's no need to soft peddling it, it's the truth. It is the truth,” said Wynn. “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.”
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Wild Thing's comment........
You can really tell he is sorry he voted for this communist obama. For being such a truly smart business man like Wynn is, how odd that he would have voted for obama when he would give speech after speech about his agenda. WE all listend, I guess Wynn did not. But he is making up for it IMO, and these rants help a lot to let other democrats know they need to speak out too and to the donors as well.
Wynn is right - Obama is KILLING the private sector and he is doing it all on purpose.
This rant of Wynn's and this is not the first rant he has done about obama that I have posted. His rants do show Obama's supporters are starting to leave. Wynn supported him, won't again. I choose to celebrate this victory. Not a good time to run down one of America's biggest job creators. He has credibility.
Posted by Wild Thing at July 20, 2011 03:47 AM
Comments
More genuine job creators, more men and women with a business acumen and real world experiences, essential risk takers who know how real jobs are created and what makes an economy churn, grow and prosper need to come forward and speak truth to power as Steve Wynn has here.
America wins when they do.
Posted by: Carlos at July 20, 2011 10:36 AM
Democrats complaining, does that mean the Wheels are coming off their cart. Obviously, look who's driving.
Posted by: Mark at July 20, 2011 05:55 PM
Carlos, I agree so much. And we need more like you said, more people like Wynn that voted for obama to speak out and do it with passion like he has done.
Posted by: Wild Thing at July 21, 2011 01:58 AM
Mark, yesss yippee and thank God some of these are making noise. whew now we just need more of them.
Posted by: Wild Thing at July 21, 2011 02:02 AM
