Why aren’t businesses expanding and hiring? Steve Wynn, the casino and resorts developer, said in an earnings conference call for Wynn Resorts on Monday that his company could hire 10,000 more people — leading to another 20,000 jobs indirectly.
So why isn’t he doing it? Because, he said, the Obama 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. You bet. And until we change the tempo and the conversation from Washington, it’s 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 a lot of people don’t want to say that. They’ll say, “Oh God, don’t be attacking Obama.” Well, this is Obama’s deal, and it’s Obama that’s responsible for this fear in America. The guy keeps making speeches about redistribution, and maybe we ought to do something to businesses that don’t invest or holding too much money. We haven’t heard that kind of talk except from pure socialists. Everybody’s afraid of the government, and there’s no need to soft peddling it, it’s the truth. It is the truth. And that’s true of Democratic businessman and Republican businessman, and I am a Democratic businessman and I support Harry Reid. I support Democrats and Republicans. And 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. And until he’s gone, everybody’s going to be sitting on their thumbs.
For good measure, he knocked the prevalent rhetoric about blaming China — and U.S. companies that invest outside the United States:
It’s the double whammy. American companies that have ventured abroad to broaden their markets are bringing money, have reinvested much of that in America. And so the rhetoric about offshore capital, there’d be a lot more of it brought back here if the government did intelligent and encouraging things to bring capital back. But this is a very business, job creating, unfriendly administration, and that’s the plain truth of it.
Expect to see a number of snippets from those comments in a GOP campaign ad between now and November 2012.
– By Kyle Wingfield