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Vegas is suffering because they have been built around entertainment and gambling.
Someone should point out to Steve Wynne that in a severe recession, people should be spending their available money on the mortgage, childrens education and taking care of their families first.
Wait.......Obama already did point that out
I am not a big fan of Vegas. I was last there in 1996. I don't like gambling, and I hate the casinos.
But a lot of people do. And it is inappropriate for Obama to talk down a portion of the economy.
Here is Steve Wynn, CEO of Wynn Resorts, a casino operator in Las Vegas.
The President of the United States hasnt missed one single opportunity to squelch Las Vegas. In our particular case, its cost us millions of dollars from companies affected by the Presidents remarks that have no connection whatsoever to federal bailouts. But we get phone calls, and Im not going to mention the names of the companies, from chairman who say we dont want to appear to be profligate because Barack Obama said this or that about Las Vegas. But its had an effect on us. The hospitality industry in the United States of America as a whole has suffered disproportionately during this recession.
Long or Short Capital Translating Corporate Speak: Wynn [Unforeseen Upside Edition #4] - Paying Dividends Since Q1'06
I am not a big fan of Vegas. I was last there in 1996. I don't like gambling, and I hate the casinos.
But a lot of people do. And it is inappropriate for Obama to talk down a portion of the economy.
Here is Steve Wynn, CEO of Wynn Resorts, a casino operator in Las Vegas.
The President of the United States hasn’t missed one single opportunity to squelch Las Vegas. In our particular case, it’s cost us millions of dollars from companies affected by the President’s remarks that have no connection whatsoever to federal bailouts. But we get phone calls, and I’m not going to mention the names of the companies, from chairman who say we don’t want to appear to be profligate because Barack Obama said this or that about Las Vegas. But it’s had an effect on us. The hospitality industry in the United States of America as a whole has suffered disproportionately during this recession.
Long or Short Capital Translating Corporate Speak: Wynn [Unforeseen Upside Edition #4] - Paying Dividends Since Q1'06
Obama is a Statist. Statists tend to favor a great deal of government control over individual behavior and over the economy. This is who he is, so of course he's going to tell people where he believes they should and shouldn't spend their money. What I find troubling, however, is how many people in America actually agree with Obama.
? "The hospitality industry in the United States of America as a whole has suffered disproportionately during this recession.? Prove that statement. If the industry suffers because corporations finally are wary because of stockholders and taxpayers' increasing awareness, good.
Vegas is suffering because they have been built around entertainment and gambling.
Someone should point out to Steve Wynne that in a severe recession, people should be spending their available money on the mortgage, childrens education and taking care of their families first.
Wait.......Obama already did point that out
Agreed... But why give them ammo? Why single them out? Not once but twice. First time I can easily stand behind his statement. Second time, why use them as an example again?
"POLITICAL SOUR GRAPES" as Ravi would say.
President Obama is catching heat from Nevada lawmakers and business leaders regarding his comments Tuesday criticizing trips to Las Vegas.
During the president's town hall meeting in Nashua, New Hampshire, he discussed the need to curb spending during tough economic times. "When times are tough, you tighten your belts," the president said. "You don't go buying a boat when you can barely pay your mortgage. You don't blow a bunch of cash on Vegas when you're trying to save for college."
The president's comments come nearly a year after he criticized companies that received federal money for taking corporate junkets to Las Vegas. "You can't go take that trip to Las Vegas or go down to the Super Bowl on taxpayers' dime," he said at the time. Local business leaders say Nevada tourism suffered last year in part because companies canceled trips to Las Vegas in the wake of the president's comments.
His statement Tuesday drew sharp criticism from Nevada lawmakers. "The President needs to lay off Las Vegas and stop making it the poster child for where people shouldn't be spending their money," said Senate Majority Leader Harry Reid, a Democrat. "Las Vegas is suffering through one of the highest unemployment rates in the country, and we cannot afford for the President to bring us down any further," added Republican Senator John Ensign. "Nevada has one of the most distressed economies in the country, and the President has done little to focus on job creation over the past year. Discouraging people from coming to our state to make a political point adds insult to injury," said Republican Congressman Dean Heller.
"Tourism is the number one economic stimulus for Southern Nevada and for many cities and states across the country. While we appreciate Las Vegas is top of mind for the President, we would ask that he offer words of encouragement instead of criticism," Las Vegas Convention and Visitors Authority President and CEO Rossi Ralenkotter said.
Bullshit.I am not a big fan of Vegas. I was last there in 1996. I don't like gambling, and I hate the casinos.
But a lot of people do. And it is inappropriate for Obama to talk down a portion of the economy.
Here is Steve Wynn, CEO of Wynn Resorts, a casino operator in Las Vegas.
Long or Short Capital Translating Corporate Speak: Wynn [Unforeseen Upside Edition #4] - Paying Dividends Since Q1'06The President of the United States hasnt missed one single opportunity to squelch Las Vegas. In our particular case, its cost us millions of dollars from companies affected by the Presidents remarks that have no connection whatsoever to federal bailouts. But we get phone calls, and Im not going to mention the names of the companies, from chairman who say we dont want to appear to be profligate because Barack Obama said this or that about Las Vegas. But its had an effect on us. The hospitality industry in the United States of America as a whole has suffered disproportionately during this recession.
Corporate events have been down for at least three years if not longer. LV's problems are not the fault of Obama.
"When times are tough, you tighten your belts," the president said. "You don't go buying a boat when you can barely pay your mortgage. You don't blow a bunch of cash on Vegas when you're trying to save for college."
"When times are tough, you tighten your belts," the president said. "You don't go buying a boat when you can barely pay your mortgage. You don't blow a bunch of cash on Vegas when you're trying to save for college."
That Marxist/Socialist/Muslim/Nazi..
How dare he say you should prioritize your childrens college education over a weekend in Vegas?
What is this country coming to?
"When times are tough, you tighten your belts," the president said. "You don't go buying a boat when you can barely pay your mortgage. You don't blow a bunch of cash on Vegas when you're trying to save for college."
That Marxist/Socialist/Muslim/Nazi..
How dare he say you should prioritize your childrens college education over a weekend in Vegas?
What is this country coming to?
Why is it any of his business how people spend their money? Would you appreciate your neighbor telling you how raise your kids? Telling you where to vacation? He is the President, not our father, not our mother. Now, don't get me wrong, I agree with what he said, I just don't think it's his place to say it.
Actually, I run a small business that has been in more or less continuous operation since '90....Which is exactly one more than the Boyking has.He has a whole helluva lot to learn.
In fact, I cannot think of one single thing in his extremely thin resume which recommends him as any kind of expert on economics, medical care, the environment, military affairs, or virtually any other concern of a chief executive of anything.
Little wad, you have just described yourself, so be quiet, please, and give us all a break.
You lose again, dickweed.
Obama is such a clueless, reckless, moron.
His big mouth is affecting thousands of jobs, in an already bad economy.
Unless Obama is going to say something to help the economy, and not hurt it he should shut the fuck up.
Obama is such a clueless, reckless, moron.
His big mouth is affecting thousands of jobs, in an already bad economy.
Unless Obama is going to say something to help the economy, and not hurt it he should shut the fuck up.
Lets put it in language you can understand..
People who cannot afford to pay their mortgages should not be wasting scarce dollars on Amway products
Understand now?
I am not a big fan of Vegas. I was last there in 1996. I don't like gambling, and I hate the casinos.
But a lot of people do. And it is inappropriate for Obama to talk down a portion of the economy.
Here is Steve Wynn, CEO of Wynn Resorts, a casino operator in Las Vegas.
The President of the United States hasn’t missed one single opportunity to squelch Las Vegas. In our particular case, it’s cost us millions of dollars from companies affected by the President’s remarks that have no connection whatsoever to federal bailouts. But we get phone calls, and I’m not going to mention the names of the companies, from chairman who say we don’t want to appear to be profligate because Barack Obama said this or that about Las Vegas. But it’s had an effect on us. The hospitality industry in the United States of America as a whole has suffered disproportionately during this recession.
Long or Short Capital Translating Corporate Speak: Wynn [Unforeseen Upside Edition #4] - Paying Dividends Since Q1'06
That Marxist/Socialist/Muslim/Nazi..
How dare he say you should prioritize your childrens college education over a weekend in Vegas?
What is this country coming to?
Why is it any of his business how people spend their money? Would you appreciate your neighbor telling you how raise your kids? Telling you where to vacation? He is the President, not our father, not our mother. Now, don't get me wrong, I agree with what he said, I just don't think it's his place to say it.
If not the President then who?
In the context of his entire statement he is well within his rights to discuss "tightening your belt" He applied a metaphor of families prioritizing spending to government prioritizing spending.
I don't see why advocating not buying a boat when you can't pay your mortgage is a concept so hard for conservatives to grasp. Whatever happened to personal responsibility?
If you tell people not to buy boats, the boat builders and brokers will go broke. The suppliers to the boat builders will suffer loss of income. The people that work for the boat builders and brokers will become unemployed. Their input to the economy will disappear, except for the taxes they owe.Obama is such a clueless, reckless, moron.
His big mouth is affecting thousands of jobs, in an already bad economy.
Unless Obama is going to say something to help the economy, and not hurt it he should shut the fuck up.
Lets put it in language you can understand..
People who cannot afford to pay their mortgages should not be wasting scarce dollars on Amway products
Understand now?
Vegas doesn't make boats. Their main industry is the Casino industry. A Casino is a place people go to give their money away.If you tell people not to buy boats, the boat builders and brokers will go broke.
Why is it any of his business how people spend their money? Would you appreciate your neighbor telling you how raise your kids? Telling you where to vacation? He is the President, not our father, not our mother. Now, don't get me wrong, I agree with what he said, I just don't think it's his place to say it.
If not the President then who?
In the context of his entire statement he is well within his rights to discuss "tightening your belt" He applied a metaphor of families prioritizing spending to government prioritizing spending.
I don't see why advocating not buying a boat when you can't pay your mortgage is a concept so hard for conservatives to grasp. Whatever happened to personal responsibility?
If you tell people not to buy boats, the boat builders and brokers will go broke. The suppliers to the boat builders will suffer loss of income. The people that work for the boat builders and brokers will become unemployed. Their input to the economy will disappear, except for the taxes they owe.Obama is such a clueless, reckless, moron.
His big mouth is affecting thousands of jobs, in an already bad economy.
Unless Obama is going to say something to help the economy, and not hurt it he should shut the fuck up.
Lets put it in language you can understand..
People who cannot afford to pay their mortgages should not be wasting scarce dollars on Amway products
Understand now?
There is no need for the government to tell consumers where to spend their money.
Perhaps you and that inept Marxist Obama will someday learn that fucking fact.
