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CEO Wynn: Im Afraid of the President'
CNS News ^ | 10/12/2012 | Christopher Goins

Posted on 10/13/2012 1:01:12 PM PDT by IbJensen

(CNSNews.com) – Steven Wynn, CEO of Wynn Resorts, said on Monday that he was sitting on his thumbs with over a billion dollars tied up because he was unsure what government program the Obama administration would unveil next, and stressed that he was "afraid of the president."

In an interview, Jon Ralston, host of Ralston Reports on NBC-affiliate KSNV MyNews3 in Nevada, asked Wynn: “You called him [Obama] a socialist. You called the president a socialist. And you used this memorable phrase that business leaders quote, ‘were sitting on their thumbs until he’s gone.’ But they’re not really. I mean, you’re not -- you haven’t been doing that?”

“Yes I have,” Wynn said.

Ralston: “You haven’t done a thing? You haven’t –”

Wynn: “Oh, no, no, no, no, no. Because I’m lucky, and I’m in business in Macau, I brought $100, or $150 or $200 million back and invested it in redoing the hotel [in Vegas] for $100 million, building new beach clubs and doing things like that and giving my employees cost of living increases, even when the place was losing money. Because I’m very lucky that we have a very conservative approach to business. We don’t believe that just because the economy jumps up and down that we should be bouncing our employees around. That’s no way to run a business.”

Ralston: “And you didn’t amass debt like a lot of the other companies did either, which helped, right?”

Wynn: “We were talking about the sitting on the thumbs remark, which I’m doing right now, which means keeping the bankroll in your pocket. I did what I had to protect my employees in Las Vegas and to protect my service levels from my existing customers. But you know that for the last 45 years I’ve always been in construction in Nevada.”

Wynn then explained that a pair of troubled business men in Vegas came up to him with a business proposal to renovate a property of theirs and turn it into a new hotel and they’d call it the Wynn Plaza. He was all for it but decided to scrap it because of uncertainty about what steps the federal government might take against businesses.

When asked what happened to the proposal, Wynn said he was unsure what President Obama would do next.

“I’m afraid of the president,” said Wynn. “I have no idea what goofy idea, what crazy, anti-business program this administration will come up. I have no idea. And I have to tell you, Jon, that every business guy I know in the country is frightened of Barack Obama and the way he thinks.”

The hotel tycoon claimed that President Obama had attempted to put himself between him and his employees by resorting to class warfare, and said he cannot stand being the target of demagoguery from someone who doesn’t understand the economy or “hasn’t created any jobs.”

“The president is trying to put himself between me and my employees,” said Wynn. “By class warfare, by deprecating and calling a group that makes money ‘billionaires and millionaires who don't pay their share.’ I gave 120 percent of my salary and bonus away last year to charities, as I do most years.”

He continued: “I can’t stand the idea of being demagogued, that is, put down by a president who has never created any jobs and who doesn't even understand how the economy works.”

Earlier on the show, Wynn boasted of creating 250,000 jobs in Nevada, which he said was 250,000 more than the president had created.


TOPICS: Business/Economy; Constitution/Conservatism; Crime/Corruption; Government
KEYWORDS: 2012; bhoeconomy; bhofascism; communityorganizer; democrats; economy; elections; evilobamaregime; liar; notalentsocialist; obama; obamatruthfile
Obozo is one crazy SOB'n POS.

Clinton is a disgraceful, over-sexed boring moron.

Carter, a boring moron.

Nixon, a man who wasn't as crafty as he thought he was.

Johnson, an evil man who wrought the misnamed Great Society.

We are as poorly served by Democrats and liberal Republicrats as it is possible to be!

Any business owner, who has read ObamaCare and realizes that if he has 50 or more employees, he's subject to a Federal Fine that these newly hired IRS agents will collect. So, why on earth would any rational business owner hire employee number 50? Conversely, any business owner who has just 24 employees knows that he's eligible for a tax credit under ObamaCare, thus, Why would he hire number 25?

1 posted on 10/13/2012 1:01:15 PM PDT by IbJensen
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To: IbJensen

Who did Wynn vote for in 08?

By the way, all he had to do was read Free Republic to know he was making a mistake. He didn’t, now he cries. Boo Hoo.


2 posted on 10/13/2012 1:05:43 PM PDT by GeorgiaDawg32 (This tagline for rent. Contact GeorgiaDawg32 for pricing and excellent financing options.)
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To: GeorgiaDawg32

Wynn shilled and slobbered for Odumbo in 2008? Heh, you get what you deserve clown.


3 posted on 10/13/2012 1:11:34 PM PDT by max americana (Make the world a better place by punching a liberal in the face)
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To: GeorgiaDawg32

“Who did Wynn vote for in 08?”

My question too.

If he did vote for this President, he deserves the Cold Stare of Contempt.


4 posted on 10/13/2012 1:12:05 PM PDT by lurk
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To: IbJensen
And I have to tell you, Jon, that every business guy I know in the country is frightened of Barack Obama and the way he thinks.

This is really great news.

I believe that we will win in spite of Obama

5 posted on 10/13/2012 1:20:24 PM PDT by Slyfox
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To: IbJensen

Another IRS audit in 3...2...1...


6 posted on 10/13/2012 1:21:43 PM PDT by unixfox (Abolish Slavery, Repeal The 16th Amendment!)
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To: lurk

He is a Republican....


7 posted on 10/13/2012 1:22:07 PM PDT by travelagent (Ohio)
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To: GeorgiaDawg32

Exactly. He’s so smart, Mr Macau, Mr Business giant,,etc. And somehow thought Obama EVER made sense?


8 posted on 10/13/2012 1:50:19 PM PDT by DesertRhino (I was standing with a rifle, waiting for soviet paratroopers, but communists just ran for office.)
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To: GeorgiaDawg32; IbJensen

He should have thought and known this before he voted for him???

I don’t have much respect for such wichy-washer!!!


9 posted on 10/13/2012 3:07:44 PM PDT by danamco (-)
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To: IbJensen; Beave Meister; blam; American Constitutionalist; stephenjohnbanker; M. Espinola; ...
I agree that 0 is crazy and an sob. Then there is this:

New Obama Executive Order Allows Seizure of Americans Bank Accounts !

He is also one greedy corrupt bastard just like Fidel Castro

10 posted on 10/13/2012 6:23:31 PM PDT by ex-Texan (The Time to "Wake Up" is Over !)
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