“This administration is the greatest wet blanket to business, and progress and job creation in my lifetime”

That from Steve Wynn, CEO of Wynn Resorts, and I’m picking up a vibe that suggests he’s not too happy with Obama:

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.

The guy keeps making speeches about redistribution and maybe we ought to do something to businesses that don’t invest, their 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 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.

Any questions?

Original H/T to Seeking Alpha, coming our way via the Drudgester.

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  • Anonymous

    “The guy keeps making speeches about redistribution and maybe we ought to do something to businesses that don’t invest, their holding too much money. We haven’t heard that kind of talk except from pure socialists”

    Barry  isn’t pure as the driven snow but I would say he’s getting high marks in the socialist field.

  • Jeff Blogworthy

    “I am a Democratic businessman and I support Harry Reid.”

    I was sympathetic till I got to that part. You sowed. Now reap. May God help the rest of us.

    The guy is too stupid to realize that Obama’s “weird philosophy” is endemic to the Democrat Party. They are all the same people.

    • Anonymous

      Steve Wynn is an excellent example of why the Democrat Party has a
      jackass as it’s mascot.  He’s been a Harry Reid supporter from day one
      in Las Vegas.  What a maroon! [quoting Bugs Bunny, not some racist

      • Mr Kimber

        Nice anology Doc.  I saw Steve Wynn one morning on F&F and he pretty much said the same thing but I could have told him what he now knows by Aug. 2008 thanks to NRA and MichelleMalkin.com . I can see how politicans and business people have some things in common. If you are powerful enough to threaten a politician’s next election he will bend over for you…ask unions. If you are powerful enough to threaten a businessman’s bottom line like politician’s can he will suck your…… It’s all greed and no guts. Like the man said ” the difference between a politician and a Statesman is a Statesman is interested in the next generation while a politician is interested in the next election.” We have too many politicians  in Washington , both D’s &  R’s….as for the businessman they know money without power is easily taken away. That is why they contribute to both parties but not equally… just depends on which party is more powerful that cycle.

  • Anonymous

    Obama’s goal is to crush the business spirit, re-distribute everyone’s wealth, and create a 2-Class society…Rulers and Workers.  Everyone will be equal: equally miserable and impoverished (except the Ruling Elite, of course).

    The whirring sound you hear is our Founders spinning in their graves as they realize NORTH KOREA is Obama’s goal state!

    We have ONE shot at fixing this: November 2012.  Don’t blow it, America.

    • PBunyan

      create a 2-Class society…
      Rulers and Workers

      Close, but Marxist/Communist/Democrat societies also need the enforcer class to protect the Ruling class from the impoverished workers.  Obama knows this.

  • Anonymous

    Obama! What is best in life?
    Obama: To crush your enemies, see them driven before you, and to hear the lamentation of their women. George Soros: That is good!

    At least Wynn is getting a clue, even if it’s from the politicians he has supported, and in some ways still does. The economy and political acts are killing his bottom line, not as many customers and the one’s there aren’t spending as much on top of an inability to know what regulations are going to do, so he has a keen interest in correcting his mistakes.

    • Anonymous

      Wynn only has half a clue.  He’s still half a clueless.

  • fundyms

    Obama could turn all this around tomorrow. He could boost the Dow to 20,000, raise federal revenue to the point of balancing the budget, and bring unemployment down to 2% with just a few words: “I shall not seek, and I will not accept, the nomination of my party for another term as your President.”

    • Oh, he won’t.  I’m sure he thinks if he had more time and money, he could turn this into a Worker’s Paradise like North Korea!

  • Anonymous

    Hey Wynn, ya stupid ass!  If you supported Reid, you got what you deserve.  Quit whining!

  • Anonymous

    Thank you Steve Wynn.  More executives should start to speak up.  

  • Anonymous

    The video that tells it like it is.  Signs that you are a liberal/progressive and don’t even know it……….yet! http://www.youtube.com/watch?v=bRuh3BXW9wA