By Tom Quiner
I’m in Las Vegas right now.
I drove by several properties last night that were developed by casino mogul, Steve Wynn, including the Mirage, Bellagio, Encore, and the Wynn Resort.
It is worth rerunning Mr. Wynn’s remarks from a previous Quiner’s Diner post in light of Barack Obama’s re-election:
“I’m afraid of the president. I have no idea what goofy idea, what crazy, anti-business program this administration will come up. I have no idea. And I have to tell you … that every business guy I know in the country is frightened of Barack Obama and the way he thinks.”
Mr. Wynn is a Democrat who voted for Barack Obama in the 2008 cycle. He is upset at the way the president is demonizing our top producers:
“The president is trying to put himself between me and my employees. By class warfare, by deprecating and calling a group that makes money ‘billionaires and millionaires who don’t pay their share.’ I gave 120 percent of my salary and bonus away last year to charities, as I do most years.”
Mr. Wynn’s investment and real estate development in Las Vegas have created a quarter of a million jobs. That’s why the president’s sneering derision toward our nation’s top producers so rankles Mr. Wynn:
“I can’t stand the idea of being demagogued, that is, put down by a president who has never created any jobs and who doesn’t even understand how the economy works.”
Mr. Obama’s re-election suggests that Las Vegas may have to wait awhile longer for the Steve Wynn’s of the world to start investing in their fair city again.