Wynn, the CEO of Wynn Resorts (WYNN), called the administration the “greatest wet blanket to business and progress and job creation in my lifetime.”

In particular, Wynn criticized Obama for a “lack of leadership” and Washington for excessive regulation and escalating health-care costs.
Fox Business reported -

Las Vegas heavyweight Steve Wynn, a self-described Democratic businessman, unloaded on the White House this week, blaming President Barack Obama’s political philosophy for the nation’s stagnant job growth and poor business climate.

Wynn, the CEO of Wynn Resorts (WYNN), called the administration the “greatest wet blanket to business and progress and job creation in my lifetime.”

The comments underscore the tense relationship between corporate America and the White House, and come as Washington is paralyzed by the tense negotiations to raise the nation’s debt limit.

“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,” said Wynn, who was responding to a question during his company’s earnings conference call about expanding in Vegas.

Wynn, 69, is worth an estimated $2.3 billion as of this year, up from $1.5 billion previously, according to Forbes. In 2006 he was named as one of the world’s 100 most influential people by Time. Wynn’s casinos include the Wynn Las Vegas, Wynn Macau and Encore.

In particular, Wynn criticized Obama for a “lack of leadership” and Washington for excessive regulation and escalating health-care costs.

“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,” Wynn said. “And until he’s gone, everybody’s going to be sitting on their thumbs.”

The blunt comments were surprising considering Wynn has been a frequent supporter of Democrats in the past, including donating to Sen. John Kerry’s run for the White House in 2004 and supporting a number of other key Democrats like Senate Majority Leader Harry Reid.

The compliments from the democrats are coming thick and fast for this administration, aren’t they?

 

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  1. good man, at least somebody who is nor afraid to speak up in front of a camera.

  2. Dear Steve

    Elections have consequences.

    Thank you for your newly found support for the country that blessed you so mightily. Too bad you didn’t think it important prior to the election.

    V

  3. That Wynn supported Harry Reid tells me that he is not that concerned about liberty.

  4. too bad he didn’t come to this realization before he supported his campaign! Don’t blame me, I voted for McCain!!!

  5. Holden and Obama are not adverse to stimulating Chinese commerce and Chinese space technology according to this Washington Times article wherein Rep. Frank Wolf (R-VA) states that the administration has violated a law passed in April barring sharing of information and technology with our Chicom cyberenemies. John Holdren, Obama’s director of OSTP maintains that excutive privilege empowers Obama to use certain exchanges as bargaining chips, and that the law cannot constitutionally limit the president’s power. Holdren spent three weeks inside China making friends. Treason, anyone?

    http://www.washingtontimes.com/news/2011/jul/19/wolf-technology-shared-too-freely-with-china/

  6. Make the cyberenemies, cyber-enemies. Call Obama and Holdren, cipher-enemas, if you wish.

  7. Too bad the billionaires, Warren and Steve, did not see what other mere thousandaires saw 3 years ago.

    Now, we have multiple felonies being committed by this Usurper. Anyone interested…at all?
    http://www.youtube.com/watch?v=YMBAJGQcEnQ

  8. Greetings:

    Could this be the beginning of the rumble between the Crony Capitalists and the Titans of Industry ???

  9. Wynn was too busy making pals with politicians, believing he could trust them, and work with them. Wynn doesn’t care about America.

  10. Most Democratic voters that supported Obama also expected that he would bring into the administration political appointees of a caliber at least as high as that of the Clinton administration. Indeed the Repubs argued that one of the big advantages of a second Bush administration would be that George Bush II would be able to call upon some excellent people from the previous administration. This did prove true for the second President Bush.

    Not so, however, for the Obama administration.

    I would welcome disaffected Democrats, that is, Democrats who had expectations of competence for this administration. They’ll be a big help during the next election.

  11. Yet many of us knew this would all happen three years ago, before the election. He does get credit for speaking the truth (and for calling Obama a socialist). It looks like Obama may only get the votes of illegals, welfare recipients, some unions members and Hollywood. 2012 could end very badly for BO.

  12. Wynn talks out of both sides of his mouth.

    He is totally correct in characterizing Obama as a wet blanket on the economy. That noted, he still supports Harry Reid? What’s up with that?

    Reid is Obama’s package master. If Wynn wants things to change, he needs to be honest about what a corrupt politician Harry Reid is or shut up about Obama.

    Get on one side or the other Mr. Wynn – not both!

  13. Unfortunately, most of the small and medium business owners who actually do most of the job creation in this country aren’t well-known enough to be quoted by the media. But he has the score about right for them – there is no way to predict what an employee may cost once you hire them, what liability you may incur if you let them go, no telling what new stupid regulations will come from the socialist regime’s Nomenklatura of czars and czarinas ruling over America – especially since under Obama the law is seen more as a guideline than a limit to government authority.

  14. Wynn is a steaming pile of BS. Who do you think he’ll contribute to in 2012?

    He’s a strong supporter of that evil conservative Reid. Yeah Wynn is honest. Why isn’t he in the Obama cabinet or at least a Czar, in charge of doublespeak.



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