“It’s Obama that’s responsible for this fear in America”

By Tom Quiner


I go to Las Vegas every year on business. I’ve been going there regularly since 1980. One can’t help but notice the impact real estate developer, Steve Wynn, has had on this gambling mecca of America.

He built The Mirage, Treasure Island, The Bellagio, and The Wynn in Vegas alone, and has developed properties in Atlantic City and Mississippi as well.

Mr. Wynn is an entrepreneur. He has used his entrepreneurial genius to become a billionaire as he has created tens of thousands of jobs in America either directly or indirectly.

He is a Democrat.

His political affiliation is relevant in light of his recent critical comments, that “this administration is the greatest wet blanket to business, and progress and job creation in my lifetime.”

Mr. Wynn makes things happen. He tells us he will not make things happen as long as Mr. Obama sits in the White House.  He characterizes the President’s thinking as a “weird political philosophy,” that “it’s Obama that’s responsible for this fear in America.”

He pulls no punches, telling us that “…until he’s gone, everybody’s going to be sitting on their thumbs.”

Mr. Wynn’s assessment of Obamanomics is worth reading in its entirety:

“Well, here’s our problem. There are a host of opportunities for expansion in Las Vegas, a host of opportunities to create tens of thousands of jobs in Las Vegas. I know that I could do 10,000 more myself and according to the Chamber of Commerce and the Visitors Convention Bureau, if we hired 10,000 employees, it would create another 20,000 additional jobs for a grand total of 30,000.

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, “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 we ought to do something to businesses that don’t invest or holding too much money. We haven’t heard that kind of talk except from pure socialists.

Everybody’s afraid of the government, and there’s no need to soft peddling it, it’s the truth. It is the truth. 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. And 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. And until he’s gone, everybody’s going to be sitting on their thumbs.”