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Steve Wynn Annihilates Barack Obama: "This Administration Is The Greatest Wet Blanket To Business And Job Creation In My Lifetime"

Tyler Durden's picture




 

During the just completed Wynn earnings calls we witnessed what is without doubt the most blistering and scathing critique of Obama's administration to date by anybody in the public domain.

From the call transcript:

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 this debt ceiling issue.  And what I consider to be a total lack of leadership from the President, and nothing will 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 three hours giving you examples of all of us in this marketplace that are frightened to death about all the new regulations, our health care costs escalate.  Regulations coming from left and right.  A President that seems, you know -- 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're 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 you know, a lot of people don't want to say that.  They 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's ought to do something to businesses that don't invest, they're holding too much money.  You know, we haven't heard that kind of money except from pure socialists.

Everybody is afraid of the government.  And there's no need -- there's no need, you know, soft pedaling it.  It's the truth.  It is the truth.  And that's true of Democratic businessmen, and Republican businessmen, 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 country is frightened to death of the weird political philosophy of the President of the United States.  And until he's gone, everybody is going to be sitting on their thumbs.

And if anyone should know about a comparison between capitalism and communism it is Steve Wynn: after all the biggest growth prospect for his company, and the only reason why his company trades at the multiple it does, is currently located roughly 12 time zones away in Macau.

 

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Mon, 07/18/2011 - 21:00 | 1468646 f16hoser
f16hoser's picture

If I was a wealthy business owner that had a pile of cash I would buy a bunch of Gold/Silver Bullion and Sit-on-It. While I was sitting on my stash, I would be thumbing my nose at Obummer, err, I mean Pinocchio. At some point, even if you voted for the guy, you have to confess, he's told more lies than any other politician. If that is even humanly possible. I will say this, he bamboozled a nation and pulled it off nicely. Good job Bilderburgers'. You picked a good one!!! I don't think Hillary could have done as well as Sotoro....

Tue, 07/19/2011 - 09:20 | 1469721 fiftybagger
fiftybagger's picture

Yeah, but look at all the people on here who still defend this guy.  Boggle.

Mon, 07/18/2011 - 21:02 | 1468647 Neezer
Neezer's picture

but, but... what about Harry Reid's $8,000,000,000,000 "stimulus" earmark for high speed rail between Vegas and Fresno?

Mon, 07/18/2011 - 21:00 | 1468648 Dr. Kenneth Noi...
Dr. Kenneth Noisewater's picture

RACIST!!!!!

Mon, 07/18/2011 - 23:10 | 1468995 IQ 145
IQ 145's picture

 So? What 's your point?

Tue, 07/19/2011 - 02:10 | 1469309 ItsEvolutionBaby
ItsEvolutionBaby's picture

What's wrong with racism?

Mon, 07/18/2011 - 21:01 | 1468650 Manthong
Manthong's picture

"I am a Democratic businessman and I support Harry Reid,"

B.O. is bad for everybody, but the Reid comment is all I need to know to wrap my opinion of Wynn.

Mon, 07/18/2011 - 21:01 | 1468653 shushup
shushup's picture

Honesty - It's refreshing. However his support of harry reid is a bit confusing since he is one of the biggest socialists in Washington also.

Mon, 07/18/2011 - 23:11 | 1468999 IQ 145
IQ 145's picture

 Dude; it's a little circle jerk, they all comp. each other.

Mon, 07/18/2011 - 21:01 | 1468654 tony bonn
tony bonn's picture

obama is more fascist than socialist - waterboy for the rockefeller-rothschild interests.....but if you think he is a socialist i think you are a fucktard.....obama made his socialist credentials very plain while campaigning....so fuck you if you were too stoopid to see it...

at the same time, the liar-in-chief is continuing the fascist bush policies.....we need more taxes on the top 1%, more on corporations, more on capital gains, and less labor taxes....however, we are all overtaxed and over-regulated but this is what the sheople elected, so go fuck yourself.

Mon, 07/18/2011 - 21:26 | 1468727 SAME AS IT EVER WAS
SAME AS IT EVER WAS's picture

Yep!

Mon, 07/18/2011 - 21:01 | 1468655 cougar_w
cougar_w's picture

Here is a guy about to lose his shirt on bad investments, looking around for someone to blame.

Las Vegas housing bubble. You bought it, you deal with it. You can die out there for all anyone cares, building in the middle of Hell was a great idea right up until it was insane.

Mon, 07/18/2011 - 21:03 | 1468660 Atomizer
Atomizer's picture

Someone who is considered legally blind can see thru the piles of shovel ready dog shit this administration continues to shell out.

Bravo Steve. I hope your words become an inspiration for many others to step forward.

Mon, 07/18/2011 - 22:39 | 1468928 spekulatn
spekulatn's picture

+1 Atomizer.

Mon, 07/18/2011 - 21:06 | 1468666 static
static's picture

"A President that seems, you know -- that keeps using that word redistribution".

from a guy that is in the buisness of literaly redistributing money...

Mon, 07/18/2011 - 21:06 | 1468670 RiverRoad
RiverRoad's picture

The CEO of Procter and Gamble shares Wynn's sentiments too.  It ain't just the sheeple who are pissed-off.

Mon, 07/18/2011 - 21:11 | 1468682 Piranhanoia
Piranhanoia's picture

They didn't appoint the crook he wanted, they didn't bail out the casinos, (enough) and he complains about an economic collapse because the guys he screwed don't have enough to gamble at his personal disneyland.

Everyone in Vegas was laughing when he built his spaceship after the crash.  The cabbies were politely stupified.  Maybe he can pay for a military base and get all that Vegas mojo going again?   Mr. Moran, your table is ready,  22 tonight,  excellent, this way....

Mon, 07/18/2011 - 21:11 | 1468684 lynnybee
lynnybee's picture

i've heard a few interviews with Mr. Wynn; i think he's cool.   Mr. Wynn strikes me as genuinely caring about the happiness & lives of his employees ....... am interested to know what others think. 

Mon, 07/18/2011 - 21:46 | 1468774 penisouraus erecti
penisouraus erecti's picture

Oh no Lynny, you have it all wrong - he's 'THE PROBLEM' with the US today - a greedy racist capitalist - doesn't get much worse that that. And if he wasn't so busy giving hummers to Reid he's be accused of being the worst of worst - a republican......can we still say that word in the US?

Mon, 07/18/2011 - 21:47 | 1468779 cgbspender
cgbspender's picture

Well, you're wrong. Mr. Wynn doesn't even let his staff smoke within several hundred yards of the property.

Mon, 07/18/2011 - 23:15 | 1469010 IQ 145
IQ 145's picture

 I thnk you're a  nice lady, but he's just a mouthpiece for a particular gang of thieves. All these uber capitalists care about is the bottom line; sorry, but all the evidence indicates this is the case.

Mon, 07/18/2011 - 21:11 | 1468687 GOSPLAN HERO
GOSPLAN HERO's picture

Anyone opposing Comrade President Obama is a racist.

 

... and it's Bush's fault too.

Mon, 07/18/2011 - 21:12 | 1468688 QQQBall
QQQBall's picture

You want to sit on your money and PMs in the USA? Or somewhere else? They already have negative interest rates, but risk-adjusted yields are too low... Next-up an "asset tax" for not doing nuttin' followed by a myriad of transaction taxes for doing sumtin!

 

Nice of Wynn to give Harry Reid a reach-around though.

Mon, 07/18/2011 - 21:12 | 1468690 GOSPLAN HERO
GOSPLAN HERO's picture

Anyone opposing Comrade President Obama is a racist.

 

... and it's Bush's fault too.

Mon, 07/18/2011 - 21:16 | 1468700 GetZeeGold
GetZeeGold's picture

 

That....and the we don't understand anything hard....cause we're stupid.....because of Bush or course.....who is gone....for a long time now.

I just checked.....yup......still gone.

 

Mon, 07/18/2011 - 21:42 | 1468764 penisouraus erecti
penisouraus erecti's picture

+++, and if not Bush's fault......must be that Reagan guys fault. Unfuckingbelievable how narrominded and propagandized the collectivist fuckwads in the US are.

Mon, 07/18/2011 - 21:16 | 1468701 Defenestrate
Defenestrate's picture

True, he's a wealthy whiner.

That said, he has a point. IF your tax rate maybe-could-might explode and your deductions maybe-could-might disappear, it makes you pretty damn cautious with what kind of plays you do or don't make. Revenue vs. expenditures is impossible to plan in this environment.

Solution? Obama needs to stop talking and enact, enact, enact. Whatever he's going to do, he needs to stop threatening to do it, so people can factor it in and get on with their lives.

 

Mon, 07/18/2011 - 21:24 | 1468715 GetZeeGold
GetZeeGold's picture

 

Solution? Obama needs to stop talking and enact, enact, enact.

 

Well....first you have to kill about 30 million people....because that's the amount that usually won't go for it under any circumstance.

Then you can enact, enact, enact.

Right after you kill the useful idiots last.....that would be you.

 

 

Mon, 07/18/2011 - 22:16 | 1468872 gwar5
gwar5's picture

Wynn has created 20,000 jobs and several thousand more in just the last few years. He has spoken up before about Obama and this is just an escalation.

Mort Zuckerman backed Obama in 2008 but is now saying the same thing as Wynn -- because it's all true. There are others as well.

Because of Obama, Wynn moved his HQ to Macau. Now he is free to say what he really really thinks, and so he is.

"Marxism never sleeps, so neither shall I." -- gulag inmate, former Soviet Union.

Mon, 07/18/2011 - 21:17 | 1468703 jeffgroove102
jeffgroove102's picture

Unlike the banksters, steve wynn actually built a business and is not a parasite like the banksters.

Mon, 07/18/2011 - 21:39 | 1468759 penisouraus erecti
penisouraus erecti's picture

++++ a rarity now days, but the type of person seen by way to many redistributionist assfucks people as 'the problem'.

Mon, 07/18/2011 - 21:20 | 1468709 TheGoodDoctor
TheGoodDoctor's picture

Does anybody have any hard numbers on how many jobs have been created by the public sector since the Bush tax cuts in 2001? Just fucking curious. Because Wynn and their ilk can fuck off. What a bunch of fucking whiners. What he isn't making enough money? What the country isn't growing as fast as he'd like?

See, Wynn is the best kind of businessman he doesn't want to piss off either party and kisses Reid's ass. But he can't serve up any solutions either. He's just as partisan as Washington.

There is no trickle down economics. It is and always has been a farce. It's like the Colorado River by the time it gets to California. Reagan raised the debt ceiling 17 times. How many times did he raise taxes?

We need leadership and everyone has to have some of the pain. The tax rate for the rich was 90% under Roosevelt. I can't even find a fucking job and this guy wants to bitch and complain about Washington? Unemployed people don't pay taxes. Unemployed people don't buy things they don't need. It's really simple.

No one wants to take any responsibility for the economy on either side of the poiltical spectrum and no one wants to step up and be a god damned leader. They only give a shit about A: getting re-elected and B: Their fucking legacy.

I'm about at the point where I would just rather have everything collapse and hit the reset button. Nobody gives a shit about America anymore they just give a shit about themselves.

Mon, 07/18/2011 - 21:39 | 1468753 SRV - ES339
SRV - ES339's picture

+1... wishing you the very best... something good will come your way soon Doc... hang in there!

Mon, 07/18/2011 - 21:44 | 1468769 buzzsaw99
buzzsaw99's picture

nice, well said.

 

best

Mon, 07/18/2011 - 21:53 | 1468792 TheGoodDoctor
TheGoodDoctor's picture

Sorry I meant private sector jobs. Well either way there are no jobs which was my point. Well there are jobs for purple squirrels.

Mon, 07/18/2011 - 22:07 | 1468849 bob_dabolina
bob_dabolina's picture

How many private sector jobs has Obama created with 5.3 trillion? 

Last I checked Wynn employees people. 

Mon, 07/18/2011 - 22:17 | 1468877 TheGoodDoctor
TheGoodDoctor's picture

Um, I am specifically talking about the jobs created by the private sector since the the Bush tax cuts. We all know how many jobs Obama has created with the stimulus as people here beat it to death.

Wynn may have employees but for how long? That is what I mean. Wynn has no solutions either. He can bitch and moan all he wants. Ultimately he wants something done so he can make more money. And that is my point. He only wants to hire after growth, not to help stimulate it.

And therein lies the problem with big business today and their "Fuck Americans" attitude. Especially since most of these large businesses were built off the backs of the American people. I bet Wynn would not have been able to expand to Asia without them.

And I wouldn't open a business in this environment either. But neither will small businesses especially when 80% fail in 5 years. That is a lot of risk to take on when no one wants to lend you any money.

Washington needs to man up. Anyone here that reads this site knows that we have not left the recession. And that we are likely in a depression. Otherwise hit the reset button. I'm tired of beating my head against the wall and getting nowhere.

Mon, 07/18/2011 - 22:57 | 1468972 monopoly
monopoly's picture

Great post doctor. The best. +1

Mon, 07/18/2011 - 23:27 | 1469032 bob_dabolina
bob_dabolina's picture

You are agreeing with Wynn. However, Wynn has expanded abroad and he is harping on why the enviroment sucks here. He is adapting by extending his business overseas instead of in America. He is hiring, just not here.

America is the most unfriendly business enviroment in the world. That is why there is no manufacturing here anymore. There is no energy infrastructure. There isn't anything except internet companies started out of basements.

 

Mon, 07/18/2011 - 23:37 | 1469064 TheGoodDoctor
TheGoodDoctor's picture

No Ross Perot was right about NAFTA.

Answer me this wise guy. How the hell was America so unfriendly before? How did we make it in America before NAFTA?

Just spew more shit. Are manufacturers making money in the US? How about the energy industry? It's a sell out of America. Like I said no one gives a shit anymore.

Tue, 07/19/2011 - 04:13 | 1469381 Urban Redneck
Urban Redneck's picture

PLs, USC, CFR, Executive Orders, Judicial Precedents

NAFTA is the least of the problems.  Hell, look at the growth of the Federal Register just since 1994 when they put it online. 

The parable of the straw that breaks the camel's back often negelects the the sheer volume of straw that the camel was already burdened with before the final piece was laid and the system collapsed.  Even moreso when reduced to an English axiom.

Tue, 07/19/2011 - 01:28 | 1469275 poor fella
poor fella's picture

yep - piss off cuz you can put a fucking stake in this shit - Obama or not - corporatacracy killed this mofro. We're fucking done - and just like Tyler likes to say - in a 'libertarian way' and very opposite to WHY I say it - the system is fucked - your ideals are fucked and the ponzi shit is hitting the fan - regardless of taxes and big government and corporate b.s. it's fucking coming down and Tyler and taxes and debt ceilings don't mean a fucking thing..... fuck you. fuck tyler. fuck gold. fuck oil. fuck off.

Mon, 07/18/2011 - 22:36 | 1468923 gwar5
gwar5's picture

Steve Wynn created 20,000 private sector jobs by himself without mooching any taxpayer money. Several thousand more in just the last few years. Workers scramble to work at his resorts and casinos.

How smart can Obama really be if he didn't get the memo from the 20th century that socialism is a descredited model that doesn't work? Greece collapsed just 30 days after Obama rammed socialized medicine down our American throats, then he called Greece and told them they had to privatize theirs -- to save money.

Russian Medvedev mocked Obama and went to Silicon Valley to lure our high tech over to their brand new Russian Silicon Valley with perks and little to no taxes to pay. The communist Chinese premier had to lecture Obama on Adam Smith and how the "invisible hands" of free markets work.

Obama is isolated the rest of the world. His new BFF in MENA don't even like him.

Mon, 07/18/2011 - 23:33 | 1469050 TheGoodDoctor
TheGoodDoctor's picture

That is fine. How many of those jobs were created overseas? I'm not begrudging Wynn for having a successful business. I am upset at him whining about the President when as a poster said in this thread he did so right after announcing record profits when people need jobs to put food on their table. I'm just glad I don't have any kids.

He doesn't get it. That is my point. He should be grateful for everything he has. Nope. Got to have more. If these companies that are making record profits invest in America they will be creating business for themselves in the future. That person that got hired would buy from the company that hired them and others like them.

It's not socialism. It's corporate fascism for God sakes. Read The End of America by Naomi Wolf and you will know what I mean. This is about America. Either business steps up help facilitate growth or they won't be getting much business domestically. This is about saving America. If they believe in America they would do something. If not we will end up as destroyed empires past throwing up in troughs and banging teenage boys.

It's not even the "invisible hand" it's more like the "invisible hand job". Privatize the profits and socialize the losses. If the media actually let people know about the trillions that has been stolen by Wall Street they might get a little pissed off.

Obama is but a small part of a broken system overall that is more than happy to sell the country out for a campaign contribution. Bush broke the system even more, like Clinton before. NAFTA, CAFTA, The Patirot Act, health care, Glass Steagall being dumped in favor of the banks, derivatives it goes on and on and on.

I mean shit people don't want Elizabeth Warren to head the Consumer Protection Fianancial Bureau because she would actually do her fucking job unlike the SEC, CFTC or the FDIC. How fucked is that in Bizarro World?

Tue, 07/19/2011 - 01:24 | 1469271 RockyRacoon
RockyRacoon's picture

Thumbs up, Doc.

Tue, 07/19/2011 - 04:49 | 1469382 Urban Redneck
Urban Redneck's picture

Wynn does get what the problem is.  He knows the finance side of big business better than most CEOs and a lot of bankers.  The gaming business (especially in LV) provides insight into the respective strengths of TBTF, the broader business community (through conventions) and main street. Casinos themselves may be parasitic, but they provide a far better barometer than anything coming out of the BLS.

Your take:

If these companies that are making record profits invest in America they will be creating business for themselves in the future.

Wynn's take:

If these companies that are making record profits invest in Asia they will be creating business for themselves in the future.

Business is economic growth, it doesn't facilitate or impair growth, that is what governments (and monopolies) do. 

Your take:

Either business steps up help facilitate growth or they won't be getting much business domestically. This is about saving America.

Wynn's take:

Either government gets out of the way to help facilitate growth or they won't be getting much business domestically. This is about saving America.

To imply that Wynn should direct corporate profits into bad investments & "crappy deals" regardless of whether they have any possibility of merely breaking even sounds like fascism or socialism.

 

Tue, 07/19/2011 - 13:14 | 1470817 TheGoodDoctor
TheGoodDoctor's picture

Look, I get that I am for free markets. But Wynn wants his cake and to eat it too. He bitches without any solutions. My point is we are talking about the survival of America right now. This time it is different. As I said above the system is broke, there is no leadership and no one wants any pain.

Tue, 07/19/2011 - 01:40 | 1469292 poor fella
poor fella's picture

piss off <see above> would love to kick some serious 'in person' ass. You're a fucking idiot and normally I don't mind reading your posts but I'm fucking pissed because the whole system, Obama or not, is fucking ludicrous - so trying to bash some stupid fucking dumbass is just taking away from the argument that these motherfuckers need to be put in their place - and if some tea party ass wipes need to be kicked into the fucking dirt on the way to reality - so be it. ANGER is the only path. This shit needs to burn.

Mon, 07/18/2011 - 21:24 | 1468720 Hohum
Hohum's picture

Hohum, indeed.  When Las Vegas is roaring, we'll know America has returned to its lofty status.  But maybe he's right, a return to the more friendly business climate of the Bush years will lead to tremendous job growth. Wait a second...

Mon, 07/18/2011 - 21:30 | 1468733 mynhair
mynhair's picture

Ewww!  Wet blanket and Moochelle!

TMI.

Mon, 07/18/2011 - 21:43 | 1468766 Rockfish
Rockfish's picture

Steve Wynn is not a producer of value, rather just another Hoover of wealth.

Mon, 07/18/2011 - 21:56 | 1468811 SAME AS IT EVER WAS
SAME AS IT EVER WAS's picture

Yep

Mon, 07/18/2011 - 21:44 | 1468770 Medea
Medea's picture

Unfortunately, posts like this make me question the spin of everything on this blog.

Mon, 07/18/2011 - 21:57 | 1468813 bob_dabolina
bob_dabolina's picture

Would you care to elaborate?

Tue, 07/19/2011 - 01:42 | 1469289 RockyRacoon
RockyRacoon's picture

You didn't ask me to butt in but I can tell ya what I think.   Wynn is not happy making millions when he could be making billions.   He is therefore touted as a credible spokesman for the business class who can't make the bucks he wants from a decadent society -- that he helped create.  Just as the U. S. has broken down under a heavy load of debt, so has Wynn seen a dead end in his ability to milk the masses.   The "prosperity" we have enjoyed has fattened his wallet, so any meager attempt to correct the former trajectory is seen as a threat.   It's not the "business environment" that Wynn is concerned about.  His blunt anger is directed at the wrong culprit.   His bankers have been his undoing, not any administration, this one or any former ones.   After moving his business to another venue to suck the life out of he's angered that there is no blood left in this corpse.

Therefore, using his comments as a credible source for constructive criticism of this or any governmental action is a poor substitute for actual information.    I think Tyler knows this and that the entire article is a spoof.   It's what he does.

Mon, 07/18/2011 - 21:46 | 1468772 Calculated_Risk
Calculated_Risk's picture

I support Harry Reid

 

That's all you need to know..

Reid is a corrupt fuck face douch nozzle. He stole vegas and

the casino's paid for the win. The payback was the online poker legalization.. wherein only

a hand full of select casino's can participate in online poker.. anyone else is fucked.

Fuck you wynn, fuck you reid. I hope that special place in hell burns hotter when you two corrupt shit sucking fuckwads arrive.

 

 

Mon, 07/18/2011 - 22:23 | 1468887 SAME AS IT EVER WAS
SAME AS IT EVER WAS's picture

@CR + the numeric value of the u.s. debt!

Mon, 07/18/2011 - 21:48 | 1468781 myshadow
myshadow's picture

Why was this package of Massengill given the face time here?

kudos to

by Mae Kadoodie
on Mon, 07/18/2011 - 20:30
#1468552

 

Wynning.

Mon, 07/18/2011 - 21:49 | 1468784 sethstorm
sethstorm's picture

Steve Wynn sounds like he'd not be happy, even if his ducks were all lined in a row.  What happens if the current or second iteration of the current President decides to act against the purposeful idling, and Wynn just happens to be a large target?

Spite can only go so far for Wynn before it becomes collateral damage.  It is far better to not attract bureaucrats attention when working against them.

 

 

Mon, 07/18/2011 - 21:49 | 1468787 Quantum Nucleonics
Quantum Nucleonics's picture

This isn't one of the Koch brothers saying this stuff folks, this guy is a card carrying democrat who is friends with everybody in politics, well, except Barak Obama.  For him to go after Obama like this is a damning indictment of the President's virulent, hateful view and policies towards business and private sector job creation.  In unrelated news, Gallup has Obama at 39% approval, down high single digits to an unnamed Republican opponent.

Mon, 07/18/2011 - 22:01 | 1468824 Ned Zeppelin
Ned Zeppelin's picture

No, he's just another idiot. No different from any other wealthy prick.  

Tue, 07/19/2011 - 01:44 | 1469296 RockyRacoon
RockyRacoon's picture

Zackly.

Tue, 07/19/2011 - 05:48 | 1469415 bk1037
bk1037's picture

I'm sure glad people like you are around that things are going to get all magically better when a GOP gets elected next year. For me, I held back on the debt debate for example until Orrin Hatch spouted the party line about penalizing the job creators with tax increases. To millions of working Americans, that line should resonate as an aloof group with no real touch on reality.

The GOP started the Global economic crisis and the 21st centure Depression, and it has continued under Obama. To me, both parties are at fault for this continuing fisaco we call governance from Washington DC. I have to smile at someone like you that thinks that the GOP is going to offer real relief to everything we are dealing with, like they had no hand in the deficits or the national debt. The GOP does not want responsibility this year, but they want the White House. It is very crass and very likely will get them the top job. Yeah, so? Other than winning, what's going to change exactly?

Tue, 07/19/2011 - 12:05 | 1470543 sethstorm
sethstorm's picture

I'm not interested in his political affiliation as much as I'm interested in his conduct.

 

Mon, 07/18/2011 - 21:53 | 1468796 notadouche
notadouche's picture

Watch for Wynn to start losing his casinos and hotels via government action when the Big O gets wind of this rant.  Carter of course will call him a racist for not agreeing with Obama.  He may end up with Vince Foster if he doesn't watch what he says.  

Mon, 07/18/2011 - 23:11 | 1469002 snowball777
snowball777's picture

You are misnamed.

Tue, 07/19/2011 - 01:50 | 1469302 goldfish1
goldfish1's picture

+1

Mon, 07/18/2011 - 21:56 | 1468809 bogey4
bogey4's picture

Steve Wynn is completely and utterly full of crap, and so is Tyler for pointing out Wynn's comments as if they had any value.  On the day that his company posts record profits and the stock makes new highs, he has the temerity to spout this bullshit?

How did he feel under the previous administration, who didn't talk "redistribution" and wasn't a "wet blanket?"  Did he feel better when business in Las Vegas completely collapsed and his stock crashed?  Was that a better administration Steve? 

There is absolutely no reason to listen to this greedy scumbag, and really no reason to quote him or bold any of his comments. 

Tue, 07/19/2011 - 03:13 | 1469366 John_Coltrane
John_Coltrane's picture

"Steve Wynn is completely and utterly full of crap, and so is Tyler"

May I point out that all humans are filled with crap a few hours after eating.  Then we just take a shit and repete the process.  Its call metabolism and I'm in favor of it and its essential to life.

Now you can accuse me of being full of crap-but I won't be offended and neither should anyone else.  Humans need to be full of crap to live-both physically and figuratively.

Mon, 07/18/2011 - 22:10 | 1468817 Widowmaker
Widowmaker's picture

Socialize the loss, and spread the blame.

In other news, the rich are still getting richer and yet their tantrums are louder than all of the poor -- they can pay for volume!

Mon, 07/18/2011 - 21:59 | 1468819 Ned Zeppelin
Ned Zeppelin's picture

To clarify, Las Vegas is history - a product of cheap petroleum and a limited fresh water aquifer - Steve Wynn is a complete blithering idiot, and Obama is the paid flunkie for Wall Street, not a socialist, unless of course you agree with me that our problem since 2008 (and no doubt long before that) has been "our" government's unrelenting support of socialism for the elites. 

Mon, 07/18/2011 - 22:07 | 1468828 SAME AS IT EVER WAS
SAME AS IT EVER WAS's picture

WYNN-$170.00+ p/share.(bloodsuckers of society, but WTF its the peoples choice that go there). When will Jeffery Immelt will get his stock back to nosebleed status by shit talking The Powers That Be?

Mon, 07/18/2011 - 22:02 | 1468830 gwar5
gwar5's picture

Wynn is exactly right, except for the part about Obama being a pure socialist --- he's a marxist

Obama's father was a marxist; his Childhood mentor, Frank Marshall Davis was a very active member of the Communist Party USA and a writer of anti-American vitriol for their commie paper at the height of the Cold War; Obama was a full throated marxist in college; he lectured on marxist Saul Alinsky at U of Chicago; and Obamao supported (with Chavez) the attempted marxist takeover of Honduras (by Zelaya) in just the first months of his presidency in 2009; and, of course, he also put avowed communist Van Jones as Czar in charge of green jobs, among the many other fellow travelers in his adminstration.

Puzzler: Obama went to all the finest private schools, became a multi-millionaire, state senator, US senator, and POTUS. So, how can Obama say with a straight face there is no opportunity in America? He (and Oprah) did pretty well in the Reagan epoch. Obama is proof there is no lack of opportunity, only wasted opportunity.

Wynn is right that Obama's commie rhetoric shut down the economy. It's exactly what happens in Latin countries when a marxist takes over. My Latin American friends all knew Obama was a marxist way before he was even elected.

 

Mon, 07/18/2011 - 22:04 | 1468839 Ned Zeppelin
Ned Zeppelin's picture

No, Wynn's just another idiot. No different from any other wealthy prick.  And Obama sure treats Wall street pretty nice for a "socialist." Puh-leze.  

Mon, 07/18/2011 - 22:24 | 1468895 Beau Tox
Beau Tox's picture

Check your facts.  Obama's father was Frank Marshall Davis.  Stanley married the Kenyan because he needed her to help him stay and finished the school year.  His eligibility was about to expire when they met in U of Hawaii advanced commie class.  The grandparents knew all this and told her that Davis could never own up.  In order to cover the bastard, his name only now is Obama.  Stanley was short.  Obama 'senior' was short and Frank Marshall Davis was tall, just like the bastard.  Birth Certificate, HELL.  I want them to dig up the Marxist dead daddy bodies and run their DNA against the bastard Big half-Brother.

Mon, 07/18/2011 - 23:23 | 1469028 gwar5
gwar5's picture

Good one. I've heard FMD was his father too, but haven't seen conclusive confirmation so I just avoid bringing it up. 

But the resemblance to Frank Marshall Davis is duly noted, as well as other FMD juicy bits. Such as his written admission of pedophilia, and his friendship to Valerie Jarret's father in Chicago -- i.e., Obama's Windy City connection.

Curious footnote about Bams' mother: While hanging with commies she majored in Russian at the U of H.... at the height of Cold War...mmm.

Cashill at American Thinker has done an investigation and analysis of Obama's book, Dreams of My Father, and has compiled some compelling evidence that Bill Ayers really wrote the book. Noteworthy here is that Obama never wrote a single paper as president of the Harvard Law Review -- the only president in the history of all the Ivy Leagues (not just Harvard) to have never written a paper. It is absolutely expected as part of that position at any law school to write many papers.

The dewd is lazy or just can't write. He was missing his deadlines for the book and almost had to give the advance money back until Moochelle called Bill Ayers to help out. Ayers is a prolific writer with lots of his samples around and the style, syntax, and vocabulary of Obama's book is all Bill Ayers according to Cashill.  Ayers even admitted he wrote it, then retracted it shortly after, saying he was just kidding.  Mmmmmm.......

 

Mon, 07/18/2011 - 22:03 | 1468837 Bay of Pigs
Bay of Pigs's picture

Well, I'm certainly no fan of Wynn, but what he says about Obama (for the most part) is absolutely true. Obama could not be doing any worse when it comes to capital formation and job creation.

The business climate stinks in America and the fear of Gov't is real and getting worse. Both of those facts are undeniable.

Mon, 07/18/2011 - 22:05 | 1468841 Ned Zeppelin
Ned Zeppelin's picture

Wall Street wants it that way. 

Mon, 07/18/2011 - 22:08 | 1468851 VicariouslySelf...
VicariouslySelfActualized's picture

I am so sick of hearing that the economy isn't getting better because of all the 'uncertainty' that Obama is creating. Wynn is full of shit. If businesses are too afraid to spend money to hire, why aren't they too afraid to spend tens of billions of dollars on stock buybacks? Why aren't they too afraid to increase management compensation by 20% or more year  over year?  Why are these businesses that are too afraid to hire doing so much M & A???

Tue, 07/19/2011 - 04:59 | 1469388 Urban Redneck
Urban Redneck's picture

Because buybacks and M&A are the "certain" ways of boosting EPS (or market position) in an "uncertain" environment.  Hiring is dependent upon an expectation of more customers down the road.

Mon, 07/18/2011 - 22:10 | 1468859 kito
kito's picture

why is it when the whining super wealthy dont get their way, it becomes "redistribution", but when the political cards are stacked in favor of wynn and other uber-wealthy it becomes "free market capitalism"?

Mon, 07/18/2011 - 23:31 | 1469045 JohnG
JohnG's picture

You answered your own question.  It's whining.  That's all.

Most whine when they don't get thier way.

Tue, 07/19/2011 - 00:14 | 1469148 lawrence1
lawrence1's picture

Bullseye!  Obama a socialist ... like Bush, for the wealthy.  Even the healthcare was a vast gift to the insurance companies.

 

Mon, 07/18/2011 - 22:12 | 1468863 donde1
donde1's picture

He is incredibly intelligent. You cant discredit what he says. Even if he may have an agenda!

Mon, 07/18/2011 - 23:31 | 1469048 gwar5
gwar5's picture

Sorry, who are you talking about, Wynn or Obama?

Wynn is very smart, and happens to be a nice guy too.

Obama is a malignant narcissist who still refuses to release his report card and thinks this is 1917. 

 

Mon, 07/18/2011 - 22:15 | 1468870 HowardBeale
HowardBeale's picture

Whining Wynn says: And until he's gone, everybody is going to be sitting on their thumbs.

 

And Wynn is just the kind of desperate guy to make Obama "gone." Step right up folks to the greatest show on Earth, where anything--anything--can happen.


Tue, 07/19/2011 - 00:21 | 1469163 lawrence1
lawrence1's picture

I know republicans admitting they hoped Obama might be prevented from taking office in some way.  Connect the dots. They hated his guts from before the beginning. 

Tue, 07/19/2011 - 05:38 | 1469408 bk1037
bk1037's picture

So when does this shit end Lawrence? Ever? If a Republican gets elected next year, it will be the Bush era all over again with how vilified the new president is. I really have a dark outlook on the USA because it has let politics dominate anything and everything and has brought dysfunctional and ineffective leadership to our doorstep. I did not vote for any of these clowns this last time, nor will I again as long as this level of ineffectiveness remains and these two political parties are at each others throats in the media. The longer the monkey shines between the two parties, the fewer minds in the public are swayed and the longer we are the Divided States of America (which is more accurate and realistic for almost the entire 21st century so far). We reap what we sow, the people have asked for this as a group and they get what they ask for.

Mon, 07/18/2011 - 23:23 | 1468884 goldfish1
goldfish1's picture

"I'm telling you that the business community in this country is frightened to death of the weird political philosophy of the President of the United States.  And until he's gone, blah blah blah"

 

Sure they are you fukkin wanker.

Bam bam's a tool no doubt, but congress runs the show and they're owned by the likes of you and other corrupt pricks.

fukkin wanker

Mon, 07/18/2011 - 22:24 | 1468894 Nedly66
Nedly66's picture

I'm assuming he wants to bring back GW as POTUS?

Mon, 07/18/2011 - 22:54 | 1468964 skunzie
skunzie's picture

Mr. Wynn is getting precisely what he deserves and lives.  If you support the devil (aka, The Teleprompter) and his henchman (aka Harry Reid) you know what you are going to get.  Mr. Wynn is simply a "useful idiot" for the commies who run this nation.  He'll get his in the end.  Pathetic, simply pathetic.

Mon, 07/18/2011 - 23:04 | 1468988 konputa
konputa's picture

Steve Wynn sounds like an incoherent retard here. Nothing against billionaire retards but  I won't spend my FRNs at his spot(s) whether I'm in Las Vegas or Macau. Really dude? Fire your PR staff. Good god.

Mon, 07/18/2011 - 23:15 | 1469008 snowball777
snowball777's picture

To paraphrase Steve Whiny: "I don't want my taxes raised and I won't create job one until I know that will be the case".

Fine. Have fun laundering that money through Singapore, jackass.

Mon, 07/18/2011 - 23:22 | 1469026 sellstop
sellstop's picture

If business paid their workers more more workers would go to the casino.

It is pretty simple.

gh

Mon, 07/18/2011 - 23:43 | 1469077 KnowIDontKnow
KnowIDontKnow's picture

I can't agree with Mr. Wynn.  The real problem with the American economy is that it has been redistributing income up since Reagan, and now there is nothing left at the bottom.  What ought to happen is an end to (upwards) redistribution.  America will only be great again if it invests in its people instead of giving all its money to wealthy individuals who can see the writing on the wall and are sending their money out of the country.

Tue, 07/19/2011 - 00:43 | 1469205 bk1037
bk1037's picture

I thought greed ruled the day in capitalism. I had to smile at a couple of the comments about holding money out because of the conversation coming from DC. Sorry I have to differ and say that if someone is holding out on starting a new business or expanding a project or business because of political differences with Obama, then I feel sorry for you. This is an example of the sea change in American entreprenuerialism, and case example why unemployment continues at the level it is. If it is not politics, it is Obamacare; if it is not Obamacare, it is the economy. If it is not the economy, it is political uncertainty. To those would be entrepreneurs, why you would forsake current income you feel you can have because of uncertainty is beyond me. This fear factor is exactly why America is diminishing in greatness. Imagine if the inventors and great developers in our nation's history waited for more positive political environment to launch their projects. We have lost our greatness when philosophy like this becomes mainstream and typical of our business leaders today.

For a billionaire like Wynn to be whining really falls on deaf ears to millions of Americans on food stamps and financial assistance. Jam it, Steve Wynn!

Tue, 07/19/2011 - 00:46 | 1469214 bk1037
bk1037's picture

I thought greed ruled the day in capitalism. I had to smile at a couple of the comments about holding money out because of the conversation coming from DC. Sorry I have to differ and say that if someone is holding out on starting a new business or expanding a project or business because of political differences with Obama, then I feel sorry for you. This is an example of the sea change in American entreprenuerialism, and case example why unemployment continues at the level it is. If it is not politics, it is Obamacare; if it is not Obamacare, it is the economy. If it is not the economy, it is political uncertainty. To those would be entrepreneurs, why you would forsake current income you feel you can have because of uncertainty is beyond me. This fear factor is exactly why America is diminishing in greatness. Imagine if the inventors and great developers in our nation's history waited for more positive political environment to launch their projects. We have lost our greatness when philosophy like this becomes mainstream and typical of our business leaders today.

For a billionaire like Wynn to be whining really falls on deaf ears to millions of Americans on food stamps and financial assistance. Jam it, Steve Wynn!

Tue, 07/19/2011 - 06:59 | 1469447 dcb
dcb's picture

I guess that makes sense since we haven't had a "financial" crisis in his lifetime. Wonder if this applies to th eproblems in Greece and spain as well> (LOL). It always amazes me these idiots who no nothing about economics. someone should lend him this time is different, 500 years of financial folly. Or is Obama to blame for him leveraging the compnay to the hilt.

Tue, 07/19/2011 - 07:50 | 1469498 Fiat Money
Fiat Money's picture

Tyler - your niavete is astounding. Steve Wynn is a jewish billionaire.

Obama's ENTIRE White House team - anyone who counted between 2009 and early 2011 - were Jewish Neo-Cons who ANSWERED TO the Neo-Con BILLIONAIRES and israel WAR LOBBY... http://www.jewishvirtuallibrary.org/jsource/US-Israel/obamajews.html

....whose American economy GUTTING policies are INDISTINGUISHABLE from the policies of Neo-Cons in the Cheney/Bush White House. Obama's 1st Chief of Staff was uber- Neo-Con RAHM EMANUEL... Bush's 2nd & finaal Chief of Staff was GolddamnSachs lawyer appartchik JOSH BOLTEN. Cheney's 1st Chief of Staff was uber- Neo-Con appartchik lawyer Lewis 'Scooter' Libby... VP Biden's Chief of Staff was Ronald Klain.

but THANKS for a TEXTBOOK example of the Neo-Cons, BLAMING, SCAPEGOATING one of their bought & hired hands (obama) for THEIR OWN warmongering, treasury looting, economy gutting, and Constitution trashing policies.

Tue, 07/19/2011 - 07:59 | 1469518 Fiat Money
Fiat Money's picture

p.s. - now it is true that Steve Wynn is a genuine entrepreneur, a self-made billionaire, and successful Las Vegas & world developer.

BUT! Wynn, like so many other millionaires & billionaires of the past 6 decades, was a BENEFICIARY of the HIGH WAGES, INDUSTRIAL PRODUCTIVITY, strict regulatory oversight of financial markets, and above all, of his gambling customers ENRICHED by their lifetime of high wages, SECURE PENSION FUNDS, and increasing stock portfolios - ALL of which are UNDER ASSAULT by the Neo-Con billionaires following the old Rothschild's "pump... then dump them in to poverty" financial model. (See "Irish Great FAMINE," WWI, Britain-China Opium war; Great Depression, the current Greenspan/Bernanke/GoddamnSachs/JPmorgan = fed = rothschilds Great Recession," etc. etc. etc. etc.)

Tue, 07/19/2011 - 09:04 | 1469674 snowball777
snowball777's picture

Not to mention the SS checks flushed down his toilet by octogenarian mad gamblers...doesn't this clown realize Obama is defending his cash cow?

Tue, 07/19/2011 - 08:19 | 1469541 rsnoble
rsnoble's picture

Ok asshole........so let's talk about the job creation under 8 years of monkeybutt. Or let's discuss how good things were under Clinton when he signed in NAFTA. YOU CAN'T WIN WITH ANY OF THESE POS'S!

This jackasses view is no different.......'$5.00hr jobs for everyone, gazillions for me!"

Fuk 'em all. With a big rubber dick.

Tue, 07/19/2011 - 10:39 | 1470057 monoloco
monoloco's picture

Steve should pay more attention to what Obama's doing and less to what he's saying. The only redistribution that I see happening is of the upward variety, which, I would think, is very good for Steve Wynn. I do agree with him though, this administration is a disaster, just not for the reason he cites.

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