Steve Wynn to Cavuto: Obama is destroying the middle class
It’s an interesting candid interview. Casino owner and entrepreneur talked with Neil Cavuto and makes the case that not only is he destroying the middle class but the Democrat base as well.
Why would he expand in China and not America? Hard to believe … regulations and Obamacare. Too expensive.
httpv://youtu.be/oauEVr2Sc14
The more revealing part of this interview though is how Democrat politicians he once supported with contributions, ignored him.
httpv://youtu.be/vV3JOM0PxC4
19 Comments
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Radical right wing racist!
Seriously?
He sounds incoherent, BTW.
The last administration gave tax cuts to the “job creators” who pocketed the $$$ and the “job creators” layed off 700,000 people a month. That is why the middle class is virtually gone.
I would love to ask Steve Whiney how he felt when W was president and biz in Vegas collapsed and his stock went down to virtually nothing.
Specifically: what did you find “incoherent”?
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What were the specific dates when the layoffs you refer to began?
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Also, when, specifically, did the “biz in Vegas” collapse and the stock with it?
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The time frame is important.
I remember when Steve Wynn was going to save CT,? before the great Kraft/NE Pats swindle. Now he invests in Macao instead of Vegas.
Sadly, the Chinese are better capitalists and more trustworthy than the local crooks in charge.
And they have better tax policies than here, hence the move.? It is a strange day when communists are better capitalists than the people running this country.? And it is paying off for them.
?I remember too,when Wynn wanted to build a casino in Hartford-with his own money. What a different state & world it would be…sigh.
Crystal do you ever have a coherent thought? Bush is relavent to the post?
Sammy, really that the best you can do?
You must really be dissapointed in your presidents socialistic policies.
Cain/Gingrich 2012
I think we all know that the Obama Administration and their lackeys in Congress knows exactly what they are doing. This is a planned cohesive job of dismantling capitalism and replacing it with socialism.? President Obama was groomed for this his first day in college.? We already got what we deserved by letting this Frankenstein (ok Man) be elected.? Now we need to take out the garbage in DC.
I hate to break it to you guys …but in 1988 the income for the average American taxpayer was 33,400….20 years later the average income in 2008 was just 33,000 according to the IRS. The richest Americans those making $380,000 or more — have seen their incomes grow 33% over the last 20 years.
Gee I don’t think this is really? Obama’s fault ..unless he was some how influencing the income distribution when he was in his 20’s.
Does that include illegals?? No doubt much of the problem comes from people being underemployed or unemployed, things Democrats seem to make worse and take advantage of.? I wonder if there is a correlation??
Rickyrock, glad you are back, haven’t heard from you in a while.? I am not concerned with the incomes rising, what I am concerned with is 9 % unemployment. As you might or might not know the unemployment rate was 5% under President George W. Bush. The MSM was in a frenzy,” how could it get so high”, they cried. Now that we have stayed several months at 9% and 16% for blacks (I don’t separate by race that is our illustrious govt. for you). Do you think that perhaps those who make more than $380,000 might be the ones who formerly employed the Middle Class?
Under President George W. Bush the unemployment rate averaged 5.3%
http://scottstanzel.com/2010/06/04/unemployment-rate-during-president-bush/
Ergo, those making money laid people off, found out they did not need to hire more and did not risk building their businesses in this scary economy so they pocketed THEIR money, as a smart man would do.? Middle Class is now reduced to the newly Poor Class. President Obama deserves “credit” for this CHANGE.
Obama has failed to lead this nation to prosperity. He has failed to advocate policies that would have kept Wynn and similar moneyed individuals and corporations in the U.S. Like or dislike Wynn, he has a corporation to keep healthy. If that means going to another country to stay in business and remain competitive, he must do that. Listen to his words, his reasons for going offshore are important and symptomatic.? Connecticut has to bribe companies/corporations to locate in the state.
If Obama was effectively leading the nation, we would not have massive unemployment and all of the other current national and personal financial woes. He could use the bully pulpit of the presidency to craft policy to encourage businesses to stay in the U.S. and invest here in America and its people.?
Unfortunately, we are saddled with an incompetent neophyte whose only dream for America is to diminish it.? The American dream has become an American nightmare.
Politics is the art of the possible. There are many possibilities; we need a leader who will make a positive future a possibility.
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I know it’s all Obama’s fault ..unfortunately the baby boomers have reached retirement age
they are not at their peak buying age which is 46 .Therefore the problems of demand are simply not there.We will have a slow ..sideways recovery ..unemployment will remain high regardless of the president’s actions..unless he can prematurely age those in their 20’s and 30’s..Again the problems we have are based on demographics ,policy changes ..could help ease but never stem the inherent aging and defensive minimal retirement spending.
So it’s all demographics and not the restrictions on businesses, not small businesses unable to get loans because of the wonderful Dodd/ Frank strangulation on the small banks, not a miserable housing market caused by the Mortgage debacle of Fannie Mae and Freddie Mac,? not the bailouts, not the debt we are incurring from China, it’s all demographics we need to blame.? Oh that is so much better than blaming Bush, it’s just demographics (sarcasm). There is not one thing we can do but sit back and wring our hands until the children grow up, oh please.
Lynn, it’s 2011…children don’t grow up anymore.? They take their tents and their bindle sticks to an OWS protest while leaving their parents to pay their college loans because they’d rather “make a stand” (against what?…people who work?) than go out and get the museum curator jobs they studied for.? If the only thing we can do is wait for the children to grow up, we are screw-ed.? “Got policy?”
newp…we sure don’t.
Take a deep breath Lynn….There will be no increase in hiring until there is an increase in demand .Why isn’t everyone running out to buy houses … prices are low,,interest is at a historical low ..guess what ? still no demand. Consumer spending is essentially flat regardless of super low pricing ..Talking about bailouts? do you mean the same bailouts McCain, Bush,Paul Ryan ,John King voted for …..Those bailouts??
I happen to be fiscally ultra conservative and would freeze all but essential services expenditures. In my world, welfare recipients would be paid for one child only.So I don’t think we’re too far apart in our thinking. We should also stop these three idiotic wars and take care of our own back yard.