Steve Wynn: Obama Is Killing the Economy
Tuesday, 19 Jul 2011 08:38 AM, By Forrest Jones
President Barack Obama is strangling the business climate in the United States with his constant stream of regulations, says hospitality and casino giant Steve Wynn.
“I’m saying it bluntly, that this administration is the greatest wet blanket to business, and progress and job creation in my lifetime,” Wynn said in an investor conference call published by Business Insider.
“I could spend the next three hours giving you examples of all of us in this marketplace that are frightened to death about all the new regulations, our healthcare costs escalate, regulations coming from left and right.”
Don’t think Wynn is acting as some sort of voice box for the Republican party, either. He’s not.
Any business owner should fear Obama, he says.
“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,” Wynn said.Okay... Wynn just got left in the dirt with the “I support Harry Reid” remark.
“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.”
Meanwhile, life is good in Communist China, where the business environment isn’t so Communist.Hmmmm... must be an echo in the house. I made a comment to my own post, similar to that, in “What WERE They Thinking?!” on 15 July 2011 (Label: Military)
China, a U.S. creditor, has said it is concerned with U.S. spending.
“We hope that the U.S. government adopts responsible policies and measures to guarantee the interests of investors,” says Hong Lei, a foreign-ministry spokesman, according to the New York Times.So much incompetency... so little time
to write about it all.