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Hotel Tycoon, Steve Wynn, Goes Off on Obama, saying that ‘He Is Responsible for the Fear in the Business Community of America because he Is Not Providing Leadership’

In National News, Politics on July 19, 2011 at 8:00 pm
Official presidential portrait of Barack Obama...

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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.
Source: BusinessInsider.com | Joe Weisenthal
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