Steve Wynn: Obama’s Socialist Policies Killing Jobs
July 19, 2011 | Author robot
The Obama administration’s policies are killing job creation by scaring the job creators. [On purpose ~ 'bot]
Publicly-traded companies hold quarterly conference calls where investors are given updates on the state of the company and often hear about positive plans for the future.
Just yesterday, Wynn Resorts (WYNN) CEO Steve Wynn was speaking on a company conference call when he unleashed on President Obama, ranting about what Wynn sees as anti-business, socialist policies that are frightening companies as well as customers:
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. 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 healthcare costs escalate, regulations coming from left and right uh, a president that seems, you know, that keep using the word redistribution…
…those of us who have business opportunities and the capital to do it are going to sit in fear of the president [snip] …the guy keeps making speeches about redistribution and maybe we aught to do something to businesses that don’t invest, they’re holding too much money. You know we haven’t heard that kind of talk except from pure socialists.
Everybody’s afraid of the government. There’s no need soft peddling it. It’s the truth. It. Is. The. Truth. …
You’ll want to hear the whole thing:
More audio at The Blaze.
UPDATE: Professor William Jacobson comments at Legal Insurrection.
UPDATE II: Bob Belvedere gets all lathered up and offers Mr. Wynn a bit of advice and us a few more links.
Memeorandom has thread as well.
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Posted in Barack Hussein Obama, Cloward-Piven, Communism, Glenn Beck, Socialism, Steve Wynn, US Politics, Video | 
Tags: Barack Hussein Obama, Glenn Beck, Liberalism, Socialism, US Politics, Video
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I think the woodshed that Steve hauled Barry behind would be an excellent real estate investment.
Agreed! This man has a gift! I love it when the big boys see the problems. Now, if they’d simply invest in getting all the commies in DC identified and removed, it would be a tax deductible business investment!
[...] got this over at Mind Numbed Robot! There’s some typing involved over there as well you might want to read, but this video says [...]
He really hits the mark, and tells us all what American Business is thinking right now.
Yea. It’s about time. I wonder if he really sees the error of his was though. Esp. with that Reid remark.
He’s still a putz and will continue to give money to the Bolshes.
In stark contrast: there’s you, who is one heckuva guy who is generous with the Robo-Love.
[...] Steve Wynn: Obama’s Socialist Policies Killing Jobs [...]
[...] The Obama administration’s policies are killing job creation by scaring the [...]
Obama’s spreading his job killing policies across this country. Steve Wynn spoke the truth. He also paved the way for other CEO’s to speak out as well.
I hope the true visage of the Liar-In-Chief continues to be exposed by these CEO’s along with anyone and everyone else with a spine.
Not that I dispute the claims, but just once I’d love to see generalities, rhetoric and sound-bytes accompanied with examples. If, in fact, policies are killing business – please explain how. I don’t think that’s too much to ask.
I believe Mr. Wynn did explain. It’s called uncertainty. Obama is scaring investors with his bullying tactics and actions. Just about everything he’s done since the election has been to stifle the private sector, and grow government. They have taken over entire industries like health care and auto, not to mention the more over-regulation of the banking and housing markets. What is happening in the gulf of Mexico? Nothing. That’s what. Why? Obama and his cronies have a defacto moratorium on drilling. If you can’t see any examples for yourself, you’re obviously not looking.
“They have taken over entire industries like health care and auto, not to mention the more over-regulation of the banking and housing markets.”
There’s more than a little exaggeration in this statement. But I’ll bite. Explain how the government has taken over the entire health care industry and the auto industry.
What additional regulation has been extended to the banking and housing markets? And, hmm… isn’t deregulation a part of what caused the bubble.
Not trying to be a dick. Just want folks to engage in honest dialog that isn’t 2 second sound-bytes that echo from ear to mouth. I’m all about personal responsibility. But it seems like humans, when given the choice between integrity and a hefty profit, will choose profit.
It seems to me what we’re missing here is balance and perspective. I think the libertarian group has a great set of core arguments. I just don’t think they are voiced well. An argument with substance is more than “THEY have taken over entire industries” generalities and exaggerations. Seriously. You have the high ground. So take it using reality. Not a distortion of reality.
And what Mr. Wynn described was behavior based on fear and interpretation of intent. He said “I could give you examples for hours”, yet he didn’t provide a specific example of how business behavior is affected.
I see the affects of the health care bill. I think that was the wrong way to go, but I’m not in a desperate situation in need of care with a pre-existing condition. I imagine if I was, I would be glad that I could get the same insurance everyone else can. I get this is a sticking point.
I also get the point about the oil rigs. But we forget pretty quickly how a little bit of trust can result in disaster when it’s abused. The rig in the gulf of mexico wasn’t regulated. Decision makers cut corners to make a buck. The results hurt OTHER business owners. How is that fair? I’m not sure I would shut down all drilling, but certainly loosening regulations and leaving zero consequences for irresponsibility aren’t the right choice either.
Hi Steve. I posted some corroborating info today on the front page. Thanks again for you comments. You provided a great springboard to get this info out there.
Have a great weekend!
http://mindnumbedrobot.com/2011/07/30/regime-uncertainty-steve-wynn-right/4815
OK, I have to go to work, but I’ll be back tomorrow to continue the conversation. BTW, you’ve also engaged in a bit of exaggeration yourself here with: “The rig in the gulf of mexico wasn’t regulated.” In fact, it was, they had just received an award from the BHO admin for safety. Accidents happen. It’s a fact of life. You can’t regulate your way to utopia. And that’s not what they are after anyway. Control is what all governments want. Republican or Democrat. Think Patriot Act. You would have thought that given his platitudes and all that Obama would have neutered it. Nope, he extended it. The Dems and the majority media never said a word. If it’s their guy in office, it’s all OK. I’m not OK with ANY more growing of the federal government. It’s too freaking big to begin with and has ceased following the Constitution for the last fifty plus years. Libertarian? Count me in.
Thanks for commenting, Steve.
See you tomorrow.
Hmm … Can you be specific about this “deregulation” you’re referring to? Or is this just a sound-byte?
We could get into Bush’s ratcheting up of the regulatory state with nonsense like Sarbanes-Oxley and the vast regulations placed on financial transactions via the supposed “war on terror,” but let’s just cut to the chase.
Fannie Mae, Freddie Mac, FHA and the Federal Reserve are all creatures of Congress. Fannie, Freddie, and the FHA bought any and every mortgage the banks had to offer. In other words, without Fannie, Freddie and the FHA, the banks couldn’t have written the bad loans to begin with.
Furthermore, the Federal Reserve system owns a complete monopoly on the banking industry. The own it. There is no free market in banking. They print the money, regulate the transactions, and create all the rules. Absent this monopoly, banks couldn’t leverage themselves to the hilt like they did (and still do).
Bottom-line, the regulators themselves own this whole mess. They own the money, the banking system, and the secondary-dealers who bought the crappy loans without abandon. So, it’s simply silly to say that “deregulation” caused the bubble. Not to mention that economic bubbles are always and everywhere monetary phenomena … Who owns a monopoly on money again?
[...] Steve Wynn Was Right! July 30, 2011 | Author robot A few days ago, I posted a video of CEO Steve Wynn railing on the Obama administration for their socialist, anti-capitalist policies. One commenter expressed his disappointment that Mr. Wynn didn’t give any examples of how [...]
@theCL – I’ll agree with you I think government intervention started the problem. But it’s pretty clear that the problem was exacerbated by poor behavior in the derivatives markets. Whether this could have been regulated and prevented is beyond me – I’ll concede this. However, that this behavior was so wide-spread would indicate that either folks didn’t understand the volatility of the instruments they were handling or they did but didn’t care. Either way, rule of law should be in place to prevent this behavior from spreading and further compounding the problem. Not only was this not done but the government rewarded this behavior.
I think you underestimate the free market in the banking industry. The government provides the foundation, what the banks do with that is largely up to them and they have the resources to influence government to change the things that they don’t like. The continued use of instruments which, in themselves, can alter the market is a testament to this unbound market. In fact, in some cases, I’m not sure you’ll be able to draw a line between the government and certain financial agencies. Far too intertwined in spots, the TARP is one of many exhibits of this close relationship. If anything, the size and control of the few large banks that remain constrain the free market every bit as, if not more than, the government.
This is my view. But I’m willing to consider others and change my perspective.