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Thread: Steve Wynn on Obama at yesterday's Shareholder Meeting

  1. #1
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    Steve Wynn on Obama at yesterday's Shareholder Meeting

    Stephen Wynn Ė Chairman & Chief Executive Officer>:

    Well, hereís our problem. There are a host of opportunities for expansion in Las Vegas, a host of opportunities to create tens of thousands of jobs in Las Vegas. I know that I could do 10,000 more myself, and according to the Chamber of Commerce and the visitors and convention bureau, if we hired 10,000 employees, it would create another 20,000 additional jobs for a grand total of 30,000.

    I believe in Las Vegas, I think its best days are ahead of it, but Iím afraid to do anything in the current political environment in the United States. You watch television and see whatís going on on this this debt ceiling issue, and what I consider to be a total lack of leadership from the President,
    and nothing is 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 Iím 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 three hours giving you examples of all of us in this marketplace that are frightened to death about all the new regulations, our health care costs escalate, regulations coming from left and right, a President that seems, you know Ė 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, theyíre 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, itís 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 you know, a lot of people donít want to say that. They say ďoh, God, donít be attacking Obama.Ē Well, this is Obamaís deal. And itís Obama thatís responsible for this fear in America. The guy keeps making speeches about redistribution, and maybe we ought to do something to businesses that donít invest, theyíre holding too much money.

    You know, we havenít heard that kind of talk except from pure socialists. Everybody is afraid of the government. And thereís no need Ė thereís no need, you know, soft pedaling it. Itís the truth. It is the truth. And thatís true of Democratic businessmen and Republican businessmen, and I am a
    Democratic businessman and a Ė I support Harry Reid, I support Democrats and Republicans, and Iím telling you that the business community in this country is frightened to death of the weird political philosophy of the President of the United States. And until heís gone, everybody is going
    to be sitting on their thumbs

  2. #2
    & Wynn is a Democrat...he supports Harry Reid- Obama is the worst President for business in our great capitalist nation's history...& that is not questionable. All he gives a flyin farg about is his transformative agenda- his Keynsian experiment has failed miserably, so all he has left to fall back on is lamely talking about the mess he "inherited"...well you made it worse, b*tch- & the recovery would be in full swing if you hadn't given us a BS stimulus that only swelled the size of govt & paid back your union friends. YOU S*CK

  3. #3
    classic Zero- "At some point, you've made enough money"....WHAT??!!?!


    [url]http://www.newser.com/story/87342/obama-at-some-point-youve-made-enough-money.html[/url]

  4. #4
    Wall Street has really struggled over Obama's term, right?

  5. #5
    [QUOTE=cr726;4064946]Wall Street has really struggled over Obama's term, right?[/QUOTE]

    One of these days the Obama administration is going to receive unemployment numbers that are not a disaster - and within minutes Obama and everyone under him will immediately glom on to all credit.

    But not today, worse than expectations. We're still moving in the wrong direction.

  6. #6
    Jets Insider VIP
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    Failproof Recovery Plan:

    1.) Leave debt ceiling alone, let country default

    2.) Cut ALL corporate taxes to 0%.

    3.) Cut taxes on anyone making 100k or more to 0%.

    4.) Eliminate Medicare, Medicaid, Social Security, TANF and the Foodstamp program.

    5.) Eliminate the Dept of Education, the TSA, the Post Office, Homeland Security, the Dept of Agriculture, the EPA and the SEC.

    6.) Bask in glory as free market fixes all.

    7.) Profit.

  7. #7
    Most prisoners in the world.
    Patriot act
    Balls inspected when getting on airplanes
    FBI looking at e-mail, web sites and going through peoples garbabe
    Police cracking down on people filming their activities in public
    dollar going into the tank making the middle class poorer daily
    Private/volunteer army that works directly for the President running assasinations in foreign countries using robots

    Steve Wynn is moaning that he might lose a tax deduction and some special interest depreciation scheme along with a lower tax rate is making him afraid of the government. Steve Wynn is in bed with the government.

  8. #8
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    [QUOTE=cr726;4064946]Wall Street has really struggled over Obama's term, right?[/QUOTE]

    The market might be up, but there is absolutely no volume going through. Traders make money off of volume and/or volatility...neither of which has been around for months. That's why thousands are about to be fired from Wall Street.

    [url]http://online.wsj.com/article/SB10001424052702303627104576414202416820980.html[/url]

  9. #9
    just want to point out 2 things 1) this week Wynn reported earnings double Q2 than in Q1, they are making tons of money 2) Steve Wynn is investing his cash in Macao and China he's moving jobs overseas and doesn't have the best interest of the USA at heart. he's got the best interest of Wynn Casino's at heart. If you agree with Steve Wynn do us all a favor and move to Macao.

  10. #10
    [QUOTE=TokyoJetsFan;4065009]The market might be up, but there is absolutely no volume going through. Traders make money off of volume and/or volatility...neither of which has been around for months. That's why thousands are about to be fired from Wall Street.
    [/QUOTE]

    this is a simplistic view. Volatility has certainly been up with all these uncertain situations japan quake, Debt ceiling, libya etc. Volume in general is always down in the summer months.

    JMO the reason why bulge bracket firms are laying people off is because they have become bloated and terrible. there are smaller firms growing to replace these dinosaurs and if there's talent on the market it will be snapped up in a second. people complain about the downfall of Borders Books or Goldman Sachs, but really that's an opportunity for smaller shops.

  11. #11
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    [QUOTE=bitonti;4065071]just want to point out 2 things 1) this week Wynn reported earnings double Q2 than in Q1, they are making tons of money 2) Steve Wynn is investing his cash in Macao and China he's moving jobs overseas and doesn't have the best interest of the USA at heart. he's got the best interest of Wynn Casino's at heart. If you agree with Steve Wynn do us all a favor and move to Macao.[/QUOTE]

    Steve Wynn is moving jobs to Macau because Macau casinos make 4x more $$$ than Vegas casinos and the main reason earnings were up. I don't get your arguement here. If Ford is moving jobs to Canada because it makes the company more money should I move there?

    [QUOTE=bitonti;4065072]this is a simplistic view. Volatility has certainly been up with all these uncertain situations japan quake, Debt ceiling, libya etc. Volume in general is always down in the summer months.

    JMO the reason why bulge bracket firms are laying people off is because they have become bloated and terrible. there are smaller firms growing to replace these dinosaurs and if there's talent on the market it will be snapped up in a second. people complain about the downfall of Borders Books or Goldman Sachs, but really that's an opportunity for smaller shops.[/QUOTE]

    You are right that they have become bloated and terrible and summer is typically slow (plus EUR has sidelined more than a few), but the business environment sucks as well and not sure whats going to get people investing again, especially now that QE2 is done.

  12. #12
    [QUOTE=bitonti;4065071]just want to point out 2 things 1) this week Wynn reported earnings double Q2 than in Q1, they are making tons of money 2) Steve Wynn is investing his cash in Macao and China he's moving jobs overseas and doesn't have the best interest of the USA at heart. he's got the best interest of Wynn Casino's at heart. If you agree with Steve Wynn do us all a favor and move to Macao.[/QUOTE]

    Disagree with the President? Leave the country!

    It's amazing how much of a shill you've turned into. You're no different than the hardcore Bush supporters from about 5 years ago.

  13. #13
    [QUOTE=pauliec;4065085]Disagree with the President? Leave the country!

    It's amazing how much of a shill you've turned into. You're no different than the hardcore Bush supporters from about 5 years ago.[/QUOTE]

    ya mean the hardcore Bush supporters who now pretend they never supported him? or that he wasn't a "real" republican?

    Steve Wynn is full of crap, period. You can't make the statements he made, and then have your company report record earnings... in the same call. It's flat out Bulls--t.

  14. #14
    [QUOTE=TokyoJetsFan;4065081]Steve Wynn is moving jobs to Macau because Macau casinos make 4x more $$$ than Vegas casinos and the main reason earnings were up. I don't get your arguement here. If Ford is moving jobs to Canada because it makes the company more money should I move there?[/quote]

    my point is he complains about the US gov't but he's not really impacted. He cares more about the Chinese gov't cause that's where his bread is buttered, as you point out. The entire US middle class, realizing casual gambling isn't the smartest thing to do right now, is not Obama's fault. It's not the fault of regulation.


    [QUOTE=TokyoJetsFan;4065081]
    not sure whats going to get people investing again, especially now that QE2 is done.[/QUOTE]

    there are always investments being made. Every month we fill out mortgage checks, insurance checks, car payments, student loan payments, where does that money go? Straight into the market.

  15. #15
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    [QUOTE=bitonti;4065089]my point is he complains about the US gov't but he's not really impacted. He cares more about the Chinese gov't cause that's where his bread is buttered, as you point out. The entire US middle class, realizing casual gambling isn't the smartest thing to do right now, is not Obama's fault. It's not the fault of regulation.




    there are always investments being made. Every month we fill out mortgage checks, insurance checks, car payments, student loan payments, where does that money go? Straight into the market.[/QUOTE]

    Bit sometimes I think you might be like an idiot savant of these JI boards. An idiot in the Political Forum and a Savant in the Draft Forum. :eek: Just kidding:). I just agree to disagree with you. I think a lot of companies are caring more about overseas governments and business overseas and leaving the US because of current policies and I don't think that money is coming back to the market. Two different opinions but that's what fun about these boards. You can hear two different arguments.

  16. #16
    [QUOTE=bitonti;4065088]ya mean the hardcore Bush supporters who now pretend they never supported him? or that he wasn't a "real" republican? [/QUOTE]
    Name names.

  17. #17
    [QUOTE=TokyoJetsFan;4065081]Steve Wynn is moving jobs to Macau because Macau casinos make 4x more $$$ than Vegas casinos and the main reason earnings were up. I don't get your arguement here. If Ford is moving jobs to Canada because it makes the company more money should I move there?



    You are right that they have become bloated and terrible and summer is typically slow (plus EUR has sidelined more than a few), but the business environment sucks as well and not sure whats going to get people investing again, especially now that QE2 is done.[/QUOTE]

    IMO, Wynn better be careful if he gets too rich in China, he will be calling the U.S. gov't to save him from the death vans.

    Kinda ironic Ford is moving jobs to Canada because they do not have to pay for their benefits, you know that socialist country Canada gives their citizens health insurance!!!!!!!!!!!!!!!!

  18. #18
    [QUOTE=bitonti;4065071]just want to point out 2 things 1) this week Wynn reported earnings double Q2 than in Q1, they are making tons of money 2) Steve Wynn is investing his cash in Macao and China he's moving jobs overseas and doesn't have the best interest of the USA at heart. he's got the best interest of Wynn Casino's at heart. If you agree with Steve Wynn do us all a favor and move to Macao.[/QUOTE]

    You have no clue about business. Don't worry though because you are not alone. Your buddy Obama has the same disadvantage. Companies don't operate in the "best interest of the USA". They operate in the best interest of their shareholders. You, Obama, and liberal idealogues in general are ignoring the warnings of America's job creators. This is to our detriment and to the detriment of this country. 9.2% unemployment and 17%+ underemployment right now. Boeing spends a billion dollars and hires 4000+ high paid workers and they cant open the plant because the Obama Adminsitration cronies in the NLRB are blocking them. It is unimaginable. Now you have CEO's from the TOP US companies screaming out that this administrations policies are too restrictive and making it too hard to expand. This is REAL stuff affecting REAL people.

    Obama should fire his staff of idealogues and college professors and bring in a business team to guide him. His inexperience in the real world shows as a glaring weakness and is hurting the middle class alot more that the fat cats riding around in private jets ever could. How do you people not get this?
    Last edited by chiefst2000; 07-21-2011 at 12:41 PM.

  19. #19
    [QUOTE=chiefst2000;4065132]You have no clue about business.

    [b]Companies don't operate in the "best interest of the USA". They operate in the best interest of their shareholders.[/b] [/QUOTE]

    im pretty sure you didn't read my post cause I said that exact thing.

  20. #20
    [QUOTE=sackdance;4065107]Name names.[/QUOTE]

    Great post bro! :rolleyes:

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