Steve Wynn Blasts Obama Again

[Meister]

Anyway, you need to provide context.

I don't like how he earns his money. He seems to be very competent, he provides a service that people want and he pays thousands pretty good money.

The same could be said of a Columbian drug lord.

And fundamentally, I agree with everything he is saying. Just because he is a jerk does not mean he is wrong. He seems very well informed and the fact he is a very large employer who knows what it takes to meet a payroll, I agree what he says makes sense.

I still don't like him.

Well you don't have to like someone personally to agree with them and that drug lord comment is way out in left field if you ask me.

Well, not really. Gambling is an addiction just like drugs. Except it's a legal addiction thta can spend millions buying politicians.

Frankly, I'm a little bothered about the incestous relationship between government and the gambling industry. From the lottery (or as I like to call it, The Stupid Tax) to big casinos built to raise revenue, it's all a scam not to have to raise taxes by tricking people into thinking they can get rich quick when in fact, if you do the odds, the house usually wins.

But what he says about Obama has merit, absolutely. The fact he's a prominant democrat saying these things should have merit.

I go to Vegas and gamble...I'm not addicted to it. Agreed, it can be an addiction, but the vast majority considers it entertainment.....and these days it's entertainment for the entire family.

 

[NYcarbineer]

Steve Wynn is one voice.

The CONSENSUS takes a different view:

From the Wall St. Journal:



Dearth of Demand Seen Behind Weak Hiring .

BY PHIL IZZO

The main reason U.S. companies are reluctant to step up hiring is scant demand, rather than uncertainty over government policies, according to a majority of economists in a new Wall Street Journal survey.

"There is no demand," said Paul Ashworth of Capital Economics. "Businesses aren't confident enough, and the longer this goes on the harder it is to convince them that they should be."

Dearth of Demand Seen Behind Weak Hiring - WSJ.com

 

[Meister]

Steve Wynn is one voice.

The CONSENSUS takes a different view:

From the Wall St. Journal:



Dearth of Demand Seen Behind Weak Hiring .

BY PHIL IZZO

The main reason U.S. companies are reluctant to step up hiring is scant demand, rather than uncertainty over government policies, according to a majority of economists in a new Wall Street Journal survey.

"There is no demand," said Paul Ashworth of Capital Economics. "Businesses aren't confident enough, and the longer this goes on the harder it is to convince them that they should be."

Dearth of Demand Seen Behind Weak Hiring - WSJ.com

Why aren't businesses confident enough?

 

[oreo]

Steve Wynn is one voice.

The CONSENSUS takes a different view:

From the Wall St. Journal:



Dearth of Demand Seen Behind Weak Hiring .

BY PHIL IZZO

The main reason U.S. companies are reluctant to step up hiring is scant demand, rather than uncertainty over government policies, according to a majority of economists in a new Wall Street Journal survey.

"There is no demand," said Paul Ashworth of Capital Economics. "Businesses aren't confident enough, and the longer this goes on the harder it is to convince them that they should be."

Dearth of Demand Seen Behind Weak Hiring - WSJ.com

Demand is certainly part of it. BUT--there is no doubt that this is the MOST anti business President and administration in my history. It's like he believes and acts like every business out there works on Wall Street.

Obama has continually threatened small business in this country with his 39% tax hike on those making 250K and over. This is the same tax rate that large multi-billion corporations pay--and he is leveling small mom and pop shops with this. He has continually referred to wealth-redistribution aka socialism when discussing corporations versus the working man--and he has indeed--struck the FEAR of GOD into business in this country. You add to that business do not know what their tax rates will be from one year to the next--along with the cost of Obamacare--and HELL no they're not going to invest or expand.

BTW--It's been Obama who has complained that there are 3 trillion sitting in business accounts and it's not moving.

 

[NYcarbineer]

Steve Wynn is one voice.

The CONSENSUS takes a different view:

From the Wall St. Journal:



Dearth of Demand Seen Behind Weak Hiring .

BY PHIL IZZO

The main reason U.S. companies are reluctant to step up hiring is scant demand, rather than uncertainty over government policies, according to a majority of economists in a new Wall Street Journal survey.

"There is no demand," said Paul Ashworth of Capital Economics. "Businesses aren't confident enough, and the longer this goes on the harder it is to convince them that they should be."

Dearth of Demand Seen Behind Weak Hiring - WSJ.com

Why aren't businesses confident enough?

Does that help?

 

[Rozman]

Calling this guy a businessman is a bit of a misnomer.

In essence, his so called business produce's and manufacture's nothing.

Unless you consider fleecing naïve and gullible people out of their money a product.

In essence, his so called business produce's and manufacture's nothing.

Wow that's a pretty strong statement....

I might be out on a limb here but let me try this on for size....

This guy purchases a piece of land.
Builds a hotel or casino..

Maybe it's possible he needed lawyers to do this,needed to buy permits,money needed to
be paid to the state for various taxes and such,architects hired,construction firms hired,people hired to build these projects,people needed to run and maintain these buildings,revenues brought into the state,people collecting salaries and paying taxes.Materials purchased to furnish these buildings thereby keeping people employed....

Hey maybe your right he produces absolutely nothing and is a total loser and no one should pay any attention to him....or maybe you are pissed because he was critical of your
Boy King...and we know you guys hate that.

 

[Meister]

Steve Wynn is one voice.

The CONSENSUS takes a different view:

From the Wall St. Journal:



Dearth of Demand Seen Behind Weak Hiring .

BY PHIL IZZO

The main reason U.S. companies are reluctant to step up hiring is scant demand, rather than uncertainty over government policies, according to a majority of economists in a new Wall Street Journal survey.

"There is no demand," said Paul Ashworth of Capital Economics. "Businesses aren't confident enough, and the longer this goes on the harder it is to convince them that they should be."

Dearth of Demand Seen Behind Weak Hiring - WSJ.com

Why aren't businesses confident enough?

Does that help?

Have you asked...."why there is no demand"? There does that help???????????????

 

[Jroc]

Why aren't businesses confident enough?

Does that help?

Have you asked...."why there is no demand"? There does that help???????????????

Nope leftist don't seem to be able to understand basic economics. It doesn't fit the template.

 

[AmericanFirst]

Steve Wynn: Obama is why businesses are scared to spend money

Obama as the reason that businesses are scared to spend any money and says it will continue that way until Obama is out of office:

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.

Hear it here:

Steve Wynn: Obama is why businesses are scared to spend money | The Right Scoop

What do you know for sure about the hypocrisy quotient of a Las Vegas casino operator who uses the word "redistribution" as a pejorative? That's what casinos in Las Vegas and Wall Street do: They redistribute wealth from those engaged in productive labor to rich parasites like Steve Wynn.

Rich Steve is a "reverse Robin Hood" who has likely fattened his own bottom line by cynically exploiting federal programs designed to help poor communities like the New Market Tax Credit. In fact, fat cats like Rich Steve and "savvy businessmen" at Government Sachs have used the NMTC to funnel $10 billion taxpayer to build luxury hotels, office buildings and a car museum.

There are more people living in poverty in the US right now than at any time in the last 50 years. Foreclosure filings were up nearly 23% since 2008.

How has Rich Steve Wynn done financially speaking since 2008?

Think there was any "redistribution" involved?

It is called capitalism unlike obamaturds socialism which takes your money and redistributes it. He is right, obamaturd is to blame exclusively, well except the othe dimwit socialists of course.

 

[AmericanFirst]

Steve Wynn: Obama is why businesses are scared to spend money

Obama as the reason that businesses are scared to spend any money and says it will continue that way until Obama is out of office:

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.

Hear it here:

Steve Wynn: Obama is why businesses are scared to spend money | The Right Scoop

Hmmm, someone is investing their money, just not the jerk in your article?? Hmmm?

More stupid charts!!

 

[oreo]

Calling this guy a businessman is a bit of a misnomer.

In essence, his so called business produce's and manufacture's nothing.

Unless you consider fleecing naïve and gullible people out of their money a product.

In essence, his so called business produce's and manufacture's nothing.

Wow that's a pretty strong statement....

I might be out on a limb here but let me try this on for size....

This guy purchases a piece of land.
Builds a hotel or casino..

Maybe it's possible he needed lawyers to do this,needed to buy permits,money needed to
be paid to the state for various taxes and such,architects hired,construction firms hired,people hired to build these projects,people needed to run and maintain these buildings,revenues brought into the state,people collecting salaries and paying taxes.Materials purchased to furnish these buildings thereby keeping people employed....

Hey maybe your right he produces absolutely nothing and is a total loser and no one should pay any attention to him....or maybe you are pissed because he was critical of your
Boy King...and we know you guys hate that.

Good point--We can also say that Steve Wynn PRODUCES a lot of state tax revenue for the State of Nevada--and also PRODUCES a lot of revenue to the treasury of the Federal Government.

 

[rdean]

Funny, some economists say it's "lack of demand". Wait a second. I think they all do.

 

[oreo]

Steve Wynn: Obama is why businesses are scared to spend money






Hear it here:

Steve Wynn: Obama is why businesses are scared to spend money | The Right Scoop

Hmmm, someone is investing their money, just not the jerk in your article?? Hmmm?

More stupid charts!!

Holy Crap--you still haven't figured out that a stock chart has absolutely nothing to do with owners and corporate officers of a business making a decision to expand their business.--

 

[JoeB131]

Steve Wynn is one voice.

The CONSENSUS takes a different view:

From the Wall St. Journal:



Dearth of Demand Seen Behind Weak Hiring .

BY PHIL IZZO

The main reason U.S. companies are reluctant to step up hiring is scant demand, rather than uncertainty over government policies, according to a majority of economists in a new Wall Street Journal survey.

"There is no demand," said Paul Ashworth of Capital Economics. "Businesses aren't confident enough, and the longer this goes on the harder it is to convince them that they should be."

Dearth of Demand Seen Behind Weak Hiring - WSJ.com

So this is the excuse you guys are going to go into 2012 with.

Obama/Biden 2012: NOT OUR FAULT, REALLY. BLAME BUSH

 

[editec]

Steve Wynn: Obama is why businesses are scared to spend money

Obama as the reason that businesses are scared to spend any money and says it will continue that way until Obama is out of office:

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.

Hear it here:

Steve Wynn: Obama is why businesses are scared to spend money | The Right Scoop

What a steaming load.

Businesses are not investing in things that would put people to work for a lot of reasons, true. Uncertainty is certainly on that list.

But the primary problem is the fact that Americans are broke and/or frightened and cannot afford (or are reluctant to spend their money) to buy stuff.

We are paying DOWN our debts. (compared to ten years ago when we were increasing our debts)

We are SAVING money at a rate of about 5% of our incomes. (compare to 10 years ago when our savings rate was a NEGATIVE number!)

Consumers are not buying ergo businesses are NOT investing.

Duh!

 

[chanel]

Calling this guy a businessman is a bit of a misnomer.

In essence, his so called business produce's and manufacture's nothing.

Unless you consider fleecing naïve and gullible people out of their money a product.

Have you ever considered just how many people he employs in the state ov, Nv.?
He's in the business of providing entertainment, and is very good at it. Just sayin...

Exactly. A.C. and P.A. want him to build casinos there, but he's not interested. NJ, especially, is not "business friendly".

Regardless of how people feel about Wynn and/or his businesses, he is a smart guy and not alone.

• 3M's George Buckley, who blasted Obama last February as anti-business. "We know what his instincts are," Buckley said. "We've got a real choice between manufacturing in Canada or Mexico — which tends to be more pro-business — and America," he told the Financial Times

• Boeing's Jim McNerney, who in the Wall Street Journal last May called Obama's handpicked National Labor Relations Board's suit against his company a "fundamental assault on the capitalist principles that have sustained America's competitiveness since it became the world's largest economy nearly 140 years ago."

• Intel's Paul Otellini, who told CNET last August that the U.S. legal environment has become so hostile to business that there is likely to be "an inevitable erosion and shift of wealth, much like we're seeing today in Europe — this is the bitter truth."

• Home Depot co-founder Bernie Marcus, who observed to radio host Hugh Hewitt last month that Obama "never had to make payroll," that "nobody has ever created a job in this administration" and that the president is "surrounded by college professors."

• GE's Jeffrey Immelt, one of Obama's biggest supporters, who hit out at the president last year. "Business did not like the U.S. president and the president did not like business," the FT reported him saying. "People are in a really bad mood. We have to become an industrial powerhouse again, but you don't do this when government and entrepreneurs are not in sync."

Wynn's Rant: One Among Many - Investors.com

 

[georgephillip]

Does that help?

Have you asked...."why there is no demand"? There does that help???????????????

Nope leftist don't seem to be able to understand basic economics. It doesn't fit the template.

Is supply and demand basic enough for you cons?

From 2001 to 2008 Dubya turned an annual budget surplus of $86 billion into a national debt of over $3 trillion by two tax cuts and two wars fought on borrowed dimes.

Remember what happened in September of 2008?

The collapse of a credit housing bubble that wiped out another $7.8 trillion of home values, not to mention millions of plundered pensions and jobs.

Those factor have wiped out the demand supplied by the US middle class which had been one of the principle drivers of 70% of US GDP.

 

[Jroc]

Have you asked...."why there is no demand"? There does that help???????????????

Nope leftist don't seem to be able to understand basic economics. It doesn't fit the template.

Is supply and demand basic enough for you cons?

From 2001 to 2008 Dubya turned an annual budget surplus of $86 billion into a national debt of over $3 trillion by two tax cuts and two wars fought on borrowed dimes.

Remember what happened in September of 2008?

The collapse of a credit housing bubble that wiped out another $7.8 trillion of home values, not to mention millions of plundered pensions and jobs.

Those factor have wiped out the demand supplied by the US middle class which had been one of the principle drivers of 70% of US GDP.

Yeah..yeah georgie these big government idiots whom you seem to like and want to take care of you are the problem. They are in both parties, too much government, too many regs, drive buiesness and jobs overseas we can't produce our own energy here which would bring in millions of jobs directly and indirectly. There was no surplus and there never was. and the housing bubble was caused by governemt minipulating the market with fannie and freddie

 

[georgephillip]

How do you explain current corporate profit levels?

"If you’re wondering why American consumers are still flat on their backs, rendering the economy similarly supine, the answer is both fundamental and simple: It’s not just that so many of them are unemployed. The ones who are employed are also underpaid.

"Don’t take my word for it — take that of Michael Cembalest, the chief investment officer of J.P. Morgan Chase.

"He asserted in the July 11 edition of 'Eye on the Market,' the bank’s regular report to its private banking clients, that 'US labor compensation is now at a 50-year low relative to both company sales and US GDP.”

"The primary subject of Cembalest’s report isn’t wages. It’s profits — specifically, the fact that profit margins (the share of a company’s revenue that goes to profits) of the Standard & Poor’s 500 companies are at their highest levels since the mid-1960s, despite the burdens of health-care costs, environmental compliance and other regulations that are presumably weighing down these large companies."

Corporate America’s chokehold on wages - The Washington Post

Labor compensation at a 50 year low.
Corporate profits at a 50 year high.
Gap between richest 1% of Americans (Steve Wynn) and yourself getting wider.

You're right, imho, about government's role in our economic problems, and I strongly suspect you're correct about Bubba's "surplus"; however, it isn't only government corruption driving the misery level higher and higher in this country.

It's a combination of government, the richest 5% of Americans and Wall Street banks working together to shift the tax burden from unearned income to wages and salaries. By common agreement only government will accept any responsibility for the crimes.