July 19th, 2011
05:00 PM ET

CEO Wynn: Obama Admin. greatest 'wet blanket' to business, jobs in his lifetime. Is he right?

FROM CNN's Jack Cafferty:

It's pretty safe to say President Obama shouldn't bother sending billionaire and casino mogul Steve Wynn an invitation to his next fund-raising event in Las Vegas.
[cnn-photo-caption image=http://i2.cdn.turner.com/cnn/2011/images/07/19/art.steve.wynn.jpg caption="Steve Wynn"]
During his company's quarterly earnings conference call, Wynn, CEO of Wynn Resorts, went on a rant about the harm he believes the President has done to the economy and business community. Wynn told listeners on the call, "this administration is the greatest wet blanket to business, and progress and job creation in my lifetime."

Since he was elected, President Obama hasn't had the strongest relationship with business leaders who strongly oppose the health care and Wall Street reform laws he's pushed for during his administration. Wynn says business leaders like himself, who have business opportunities and the capital to act on them, are sitting in fear of the president's policies.

Despite Wynn's tirade, his company Wynn Resorts did well in the second quarter. But Wynn said he could be doing even more if it wasn't for Obama's policies and overall philosophy as president. Wynn claims his company alone could add 10,000 jobs in Las Vegas if it wasn't for this political climate.

Wynn is a self-described "Democratic businessman" but he says he supports both Democrats and Republicans. But he's not happy with anybody in Washington these days. He believes Congress and the administration are so focused on holding their jobs for the next year that the discussion in Washington right now is quote "nauseating."

Here's my question to you: Steve Wynn calls the Obama Administration the greatest "wet blanket" to business and job creation in his lifetime. Is he right?

Interested to know which ones made it on air?

Dennis in Los Angeles:
Yes! The proof is that business is sitting on trillions of dollars of cash, refusing to invest capital and not hiring anyone. Not because of any political reason, but because we're scared of all the regulation, taxes, debt, pro-union, anti-business rhetoric and uncertainty this administration has thrown at the private sector.

Joe in Houston:
Steve Wynn is only right in that Obama is the current example of administrations which have been accumulating piles of "wet blanket" policies for decades. About the only way Obama could be considered less than the greatest wet blanket would be if he repealed some of the Executive Orders and Presidential Letters of past administrations’ wet blanket policies.

Mike in Minneapolis:
According to Forbes, last year Steve Wynn was worth $2.3 billion, up from $1.5 billion the previous year. What on earth does he want from Obama? A taxpayer funded bailout? Besides, his business is gambling; not exactly an R-and-D driven enterprise. He sounds like a bit of a false authority to me.

Janne in North Carolina:
Contrary to what the Democrats think, businesses are in business to make money, not provide "social justice" or whatever the heck the Left-wingers think. If you regulate them to the point they are not making money, then what exactly is the motivation for being in business? You cannot regulate business to the point of strangulation and then expect the economy to grow!

Chandler in Rockaway, New Jersey:
Jack, why should we believe anything from a man who made billions preying on the gullible through legalized gambling? Like the other robber barons, he wants absolute freedom from government oversight of any kind, and of course, to push all of the tax burden onto the working classes. This silly whining that "uncertainty" is the cause of high unemployment is a merely a smokescreen masking the agenda of the ultra-wealthy.

Filed under: Obama Administration
soundoff (252 Responses)
  1. Ed from Harrisburg

    Steve Wynne and his industry are the greatest wet blankets to family economic stability. Casinos rob from the poor and give to the rich. Wynne should keep his mouth shut. I don't gamble, but I have been in casinos which are designed to distract you in so many ways while picking your pocket. Casinos appeal to our worst angels, not our best ones.

    July 19, 2011 at 1:40 pm |
  2. david

    special interests favors to those who cheat people with concepts of jobs that hustle for a living is more hogwash from a paisley

    July 19, 2011 at 1:42 pm |
  3. johnny

    our nation could survive without las vegas and atlantic city...some jobs you dont want to create....

    July 19, 2011 at 1:44 pm |
  4. Richard35 Canfield, Ohio

    No he's Not right! An examination of the Eisenhower Administration reveals that during his Presidency the tax for the highest income levels was 91%. But guess what? Our country had full employment, and people were happy!!

    July 19, 2011 at 1:52 pm |
  5. Kevin SD, Ca

    Steve Wynn calls the Obama Administration the greatest "wet blanket" to business and job creation in his lifetime. Is he right?


    The people who create businesses and jobs are people with uncompromising independence; Obama and the liberals are the antithesis of creativity, and independence.

    Obama and his followers are insecure vicious people who demand those of us creating the jobs to be their slaves.

    Obama is the pinnacle of the demise of independence, self-reliance, private property, and privacy. His goal is to deny all constitutional rights to everyone except his racist, liberal, victim, parasite friends, and followers.

    I am so sick of what this culture is doing that I refuse to serve anyone with my experience and skill anymore!

    July 19, 2011 at 1:57 pm |
  6. Brad, Portland, OR

    George W. Bush created ZERO net jobs in the 8 years he was in office, even though he pandered to business by cutting their taxes, deregulating them, and giving them sweetheart deals and subsidies. Business got everything it ever wanted from that guy, and still we almost ended up in another Great Depression.

    Obama, on the other hand, has been blocked by the Republicans at every turn, first by their threats of filibuster in the Senate, and now by their control of the House.

    What little legislation he's managed to get through has been watered down to near-ineffectiveness, and his appointments to court and cabinet positions have been blocked by Republicans as well (hi, Elizabeth Warren!).

    If Republicans claim that Obama hasn't been solving problems, they have no one to blame but themselves, and they should get out of his way and let him do his job.

    July 19, 2011 at 1:59 pm |
  7. Rick, Medina, OH


    You're not a 'wet blanket' if you notice that you'd need a forklift and a van to take a copy of the tax code home to study. It is actually courageous to suggest that we need to end 'industry specific' tax breaks, and otherwise simplify the code. And, if you make your money overseas, you need to pay your share too.

    Medina, OH

    July 19, 2011 at 1:59 pm |
  8. Frances

    I would say the Republican tea party is more than a "wet blanket" they are a threat to the middle class. Their huge tax breaks for the rich, and it's my way or the highway attitude will turn us into a third world country. Like Mexico a few rich and everyone else poor.

    If President Obama is so bad for business then why are they raking in record profits, and setting on billions of dollars?

    San Diego

    July 19, 2011 at 1:59 pm |
  9. Dave - Phx, Az

    Of course he is, but not of his own fault. All these rich CEO's are sitting on tons of cash in these US corporations, purposely supressing our economy to punish the rest of us for electing a black man. It is the single existing republican strategy at the moment to get rid of him at any cost.

    Corporations could fix our economy tomorrow, but then we wouldn't have two clases, and they wouldn't have wage slaves.

    July 19, 2011 at 2:04 pm |
  10. John from Alabama

    Jack: Mr. Wynn is wrong, because business has recovered very nicely from this deep recession. It would have been a much slower process, if President Obama had not a stimulus program and T.A.R.P. Business is now sitting on over $2.5 trillion, but it is not hiring new employees, or purchasing new equipment. I believe business has taken up the policy of Senator Jim DeMent to defeat President Obama regardless how many citizens of this nation are hurt.

    July 19, 2011 at 2:06 pm |
  11. pat in michigan

    I am sure from one viewpoint he is right.Way right.
    My question to Mr Wynn and his friends is why with 8 years of Bush tax cuts to the "job creators".Where are the jobs?
    8 Years Jack!
    What exactly are they waiting for. We gave them our tax money for the next 100 years .What else do they want us to give?

    July 19, 2011 at 2:06 pm |
  12. Jayne

    Mr. Wynn should have been paying attention over the past couple of decades. Our trade agreements have been far worse than a "wet blanket." Corporations that might have hired Americans are now receiving tax write-offs for closing their factories and shops. They then move jobs to countries where workers are employed for pennies a day without benefits. This began happening before our current president even entered politics. Mr. Wynn might also bone up on tax history as our current rates – both personal and corporate – are the lowest they've been in 40 or 50 years.

    July 19, 2011 at 2:08 pm |
  13. Loren

    Hard to think of any administration that has been so anti-business and so out-of-touch with business. How many members of the Obama Cabinet have real business experience, which excludes law firms, academia and government? Hard to understand business if you've never been in one.

    July 19, 2011 at 2:09 pm |
  14. Richard, in Kansas

    Another poor billionair upset that he's being asked to pay his fair share and compete on a level playing field. My heart aches for you Mr. Wynn.

    July 19, 2011 at 2:09 pm |
  15. David in Tampa

    Obama might be part of the problem, but heads of corporations and businesses are the biggest part of the problem. The latter will only do something if they can make beaucoup bucks and damn morality, ethics, legality and anyone standing in their way.

    July 19, 2011 at 2:09 pm |
  16. Bizz, Quarryville Pennsylvania

    No Wynn is not right. Wynn like many others CEO's thinks the gov't should make up their lost revenue during a recession by giving them more tax breaks if that is possible. Whenever they are threatened to having to pay their fair share in taxes they say, give us the money and we will trickle it down. Here is a very wealthy man who pays less taxes than ever before and is still complaining. Even he should have known back during the Bush administration when the economy was about to go over the cliff, that the first thing to suffer would be gambling industry in high-priced Las Vegas. It is like the saying goes, [the more you have the more you want].

    July 19, 2011 at 2:11 pm |
  17. Jenna Roseville CA

    Steve Wynn calls the Obama Administration the greatest "wet blanket" to business and job creation in his lifetime. Is he right?

    This Trump wannabe moved his headquarters from the US to Macau just to make a higher profit. Wonder what happened to those American employees?

    Poor Billionaire Wynn.. sorry the economy tanked because of the GOP but don't blame that on Obama.


    July 19, 2011 at 2:22 pm |
  18. Gary H. Boyd

    Steve Wynn has it absolutely right Jack. Obama in the White House, Reid in the Senate and Pelosi in the House have led a parade of political bandits that makes Robin Hood look like a piker. Take from the rich and give to the poor simply does not encourage plant expansion and job growth. Steve Wynn is my personal hero for calling the Obama administration exactly what it is - a "wet blanket" on business. Hooray for Steve Wynn.

    Gary in Scottsdale, Arizona

    July 19, 2011 at 2:22 pm |
  19. Mark

    Well when you have a Socialist/Communist in the White House that believes certain Americans make too much money, the "wet blanket" effect is most alive. Obama couldn't run a lemon aid stand. He'd want the EPA do an evaluation, ask his union buddies for their input, and end up charging too much to pay for his taxes he self imposed on business. Can't wait till 2012!!!!

    July 19, 2011 at 2:22 pm |
  20. Walter

    No I do not. At every turn, this president is undermined in everything he has tried to do. Even when he gets things done, it is under reported or but aside for other things. Now mt question as a newly retired Veteran, who also has a wife looking for her first SS check; if there is a stoppage, will Congress and their staff also not get their pay? I have a feeling that they will be uneffected and only the poor, needy and retrired will suffer.

    July 19, 2011 at 2:30 pm |
  21. Charles, Lansing, Michigan

    The Bush administration, along with a Republican Congress, let business run amuck. Big business is still doing fine, thank you. But the average American worker is suffering because it is making and keeping its money overseas. Obama should have spent all the stimulus money on infrastructure. That would have kept money, jobs and a bertter economic outcome here.

    July 19, 2011 at 2:32 pm |
  22. Rich McKinney, Texas

    I think it is a toss up between Bush and Obama as to who is the worst on job creation in America. Bush is gone though so he can do no more harm. That leaves Obama for another 18 months. I have yet to figure out why Obama ever ran for president knowing before hand what he was being left. It was probably not the smartest move in political history. It will define his presidency and that outcome is not looking very good.

    July 19, 2011 at 2:35 pm |
  23. Jeff in Bishop, Georgia

    Mr. Cafferty, if a successful businessman such as Steve Wynn says an empty suit is a wet blanket, I am inclined to believe him.

    July 19, 2011 at 2:35 pm |
  24. Dave, Orlando, FL

    No and yes, respectively. He certainly hasn’t done anything to stimulate job growth. That was because he spent his entire term, so far, continuing Bush tax breaks for the wealthy, bailing out Wall Street giving big business all sorts of stimulus packages and creating a windfall for the healthcare industry with his so-called healthcare reform, i.e. Reaganomics or “trickle down,” which has never worked in 30 years.

    To create job growth, you don’t steal from the poor and middle classes to give to business. You give the money to the poor and middle classes who will then go out an buy stuff so business has something to sell. That way everyone wins. Instead of our money going directly to business with no benefit for us, jobs are created when we pay for goods and services that business has to produce before they get the money.

    July 19, 2011 at 2:39 pm |
  25. Larry from Georgetown, Tx

    It's really easy to be a billionaire and take pot shots at the President. I believe that Mr. Wynn should be looking at big business as they along with their friends in Congress, ie the Republicans are holding back to defeat the President. That's their mission statement, "Defeat Obama" at all costs and it looks like they may succeed.

    July 19, 2011 at 2:41 pm |
  26. Dele

    Hi Jack, kindly ask him (Mr. Wynn) to point out one single thing that Obama has done to hurt business. Just one, not of ideological innuendos, but of data-supporting fact. God bless you.

    July 19, 2011 at 2:43 pm |
  27. Greg in Arkansas

    Wow.....another Billionaire casino owner complaining because business is down....(he only made 122 MILLION this last quarter) and he blames Obama..........give me a break

    ......the reason his business is down is that, we, the consumers, don't have any spare change left....so we had to give up gambling at your casinos....

    We LOST our 401 retirement savings with the Wall Street Gamblers, our home equity with the Housing Market Gamblers and the rest of our disposable income at the gas pump with Big Oil Futures Gamblers....AND....unless businesses start to gamble with its OWN money and create some jobs, a "wet blanket" will be a valuable commodity when we are all homeless and living on the street.

    July 19, 2011 at 2:44 pm |
  28. Dele

    Hi Jack, kindly ask him (Mr. Wynn) to point out one single thing that Obama has done to hurt business. Just one, not of ideological innuendos, but of data-supporting fact. God bless you.


    July 19, 2011 at 2:45 pm |
  29. Steve,NY

    Obviously he has to be right, worst unemployment in a decade.
    At least under Bush I had a job and the Press hated him. Ever since the Democrats took control of the House and the Senate in 2006, it's been going downhill. With Obama getting elected in 2008 it even got worse. The deficit has tripled since Obama took over.
    That's what you get when you elect a rookie with no Executive experience. Who the hell voted for this guy? It must have been those Obama Zombies that got brainwashed by the Press. I knew when Obama was campaighning that he was another Jimmy Carter. You could not convince my left wing liberal friends of that. Now they all disavow that they voted for him.
    Message to the Press support someone with Executive experience in 2012. You have the obligation to support a sound candidate and it's not Palin. So give her up and quit playing games with her and other low achievers.
    Wish you good luck to my Democrat friends in 2012.

    July 19, 2011 at 2:45 pm |
  30. Steve, Clifton, VA

    Perhaps Steve Wynn is referring to the Obama administration bringing to light the ever increasing profit margins businesses are making and the widening of the gulf between executive salaries and those of the average middle or entry level employee. Or maybe he is speaking of the administrations' highlighting the tax loop holes that businesses and corporations have traditionally used to avoid paying their share of taxes to help finance the U.S Military who fight for the freedoms that businesses and corporations enjoy.

    July 19, 2011 at 2:48 pm |
  31. Cliff Glass - Rego Park, New York


    Are we surprised that yet another billionaire Republican is an advocate for an American plutocracy?
    I would recommend that Mr. Wynn migrate to his palatial casinos in China where to that current regime, representative government is much less of an aggrevation.

    July 19, 2011 at 2:49 pm |
  32. Michael Bindner, Alexandria, VA

    Only to the extent that he keeps the Bush Tax cuts in place,which reward wealthy people for cutting costs (firing people, shifting jobs offshore).

    July 19, 2011 at 2:49 pm |
  33. Russ in PA

    I'm not sure that Obama is the greatest wet blanket, but I prefer to say that the corporatism created by our two party system is a great part of this wet blanket on business. Until we return to a free market system where rule of law, property right, and non-aggression are the norm, we won't have anything like prosperity for the average person.

    Ron Paul in 2012...

    July 19, 2011 at 2:53 pm |
  34. Phyllis G. Williams

    Steve Wynn calls the Obama Administration the greatest "wet blanket" to business and job creation in his lifetime. Is he right?

    If he is bright enough to say that, and loves his country, he should give the Administration the solution or eat those words.

    July 19, 2011 at 2:54 pm |
  35. Alie

    Mr. wynn is not right! This administration has worked tiredlessly to revive this economy for the past three years and enact policies to aid this process;however, Mr. Wynn and his Republican cabal do not seem to acknowledge the obama administration efforts. Shame on this crooks!

    July 19, 2011 at 2:55 pm |
  36. Janne from NC

    Contrary to what the democrats think businesses are in business to MAKE MONEY not provide "social justice" or whatever the heck the left wingers think. If you regulate them to the point they are not making money then what exactly is the motivation for being in business. You cannot regulate business to the point of strangulation and then expect the economy to grow!

    July 19, 2011 at 2:56 pm |
  37. Cheryl in Bluffton, SC

    Businesses are paying lower taxes than ever while sitting on $2 trillion in profits they made primarily by laying off American workers and/or exporting their jobs. Meanwhile, President Obama saved millions of jobs with the auto industry bailouts and the stimulus. If he's a wet blanket, it's only to put out the raging fire left behind by the previous administration.

    July 19, 2011 at 2:57 pm |
  38. Andy in Vancouver, BC

    Right now, things ARE business friendly. Low taxes, low regulation, and lots of companies sitting on capital. If anything, businesses are the ones killing job creation by not hiring despite record profits being seen in the private sector.

    I don't think that the government is broke, but perhaps capitalism is.

    July 19, 2011 at 2:57 pm |
  39. Cy Gardner

    He's a liar. After eight years of the Bush administration telling the rich that they don't have to pay taxes or obey laws, the priveleged class has gotten pretty spoiled. They will do or say anything to smear those would hold them accountable for what their greed does to America or who try to make them share in the sacrifice that is ripping this nation apart. It's largely about ego. The Wynns, the Murdochs, the hedgefund managers, bankers, etc. they want to be a new aristocracy and they need serfs. The lower they sink the public the greater they feel. cy from arlington, va

    July 19, 2011 at 2:58 pm |
  40. Rick McDaniel

    Yes......and no. I don't think he is so anti-business, but there is NO QUESTION, Obama is totally ignoring jobs........and without jobs, there can NEVER be any recovery!

    July 19, 2011 at 3:01 pm |
  41. Steve, Clifton, VA

    Perhaps Steve Wynn is referring to the Obama administration bringing to light the ever increasing profit margins businesses are making and the widening of the gulf between executive salaries and those of the average middle or entry level employee. Or maybe he is speaking of the administrations' highlighting the tax loop holes that businesses and corporations have traditionally used to avoid paying their share of taxes to help finance the U.S Military who fight for the freedoms that businesses and corporations enjoy. Steve Wynn is a BILLIONAIRE

    July 19, 2011 at 3:02 pm |
  42. Mike in Minneapolis

    According to Forbes, last year Steve Wynn was worth $2.3 billion, up from $1.5 billion the previous year. What on earth does he want from Obama? A taxpayer funded bailout? To pay zero taxes like GE (which according to the republican mantra "job killing tax hikes" should be creating jobs at an unprecedented level)? Besides, his business is gambling; not exactly a R&D driven enterprise. He sounds like a bit of a false authority to me.

    July 19, 2011 at 3:03 pm |
  43. nick

    How much does this guy make?
    How much does his average employee make?
    If all he can do is rant and blame someone else for his lack of business, then maybe he should stop watching Fox TV and get another job.

    Mammoth Lakes, California

    July 19, 2011 at 3:05 pm |
  44. Paul From Austin Texas

    He is right up to a point. The last several Administrations have been "wet blankets" Obama, both of the Bush Administrations, and yes the Clinton Administrations. The cancer of outsourcing has been an open sore for U.S. jobs for at least 20 years. The statement should of been the "wet blanket" towards business and jobs still continues and only gets wetter with each year. Obama needs to bring out that dryer and abolish the outsource industry.

    July 19, 2011 at 3:05 pm |
  45. Anthony J. Frascino from Swedesboro, NJ

    Steve Wynn said in an interview the only winners at casinos are the owners. He joked that he never saw a big winner leave with out going bust.. Here' a man who never created a thing but personal profits and he has the nerve to criticize a president who inherited a country in dire economic straits from a republican administration. Steve, laugh all the way to the bank by draining the pockets of your consumers but stay out of politics. Our economic strategy isn't based on fleecing people but on giving everyone a chance to realize the dreams you so cavalierly enjoy.

    July 19, 2011 at 3:07 pm |
  46. Tom Bulger, Canandaigua

    Even if Wynn were born yesterday, he'd be wrong, because whoever follows the Obama presidency will never accomplish what this president has.

    Some economists denied Obama could prevent another depression. He did.

    Republicans denied the president could save the American automobile industry. He did.

    "George W. Bush is estimated to have created about 3 million jobs (net) over 8 years. ...

    The Recovery Act (also known as the stimulus Bill) signed into law by President Obama in February 2009, is credited with creating between 2 and 3 million new jobs in 2010" (Virginia L Downie, Just Thought You Should Know)

    Whatever Wynn is CEO of, it had better not be Portaloos, because he doesn't know crap..

    July 19, 2011 at 3:07 pm |
  47. David R Bebeau,Springfield Missouri

    ABSOLUTELY !!! Jack,Anyone with any real business experience on the left or right with an ounce of common sense KNOWS!!! you can not
    grow a business or a country while building and funding a NANNY STATE!!!!!!! It simply can not be done.You can not spend or cut your way to prosperity from the right or left.One must create and inovate new iideas.Right now Jack we have a whole bunch of selfish people who are doing the same thing they have done for 60 years.
    ""RE ELECTION RE ELECTION RE ELECTION,Both the right and left.

    July 19, 2011 at 3:12 pm |
  48. Dennis in Los Angeles

    Yes! The proof is that business is sitting on trillions of dollars of cash, refusing to invest capital and not hiring anyone. Not because of any political reason, but because we're scared of all the regulation, taxes, debt, pro union anit-business rhetoric and uncertainty this administation has thrown at the private sector. I personally am waiting to see who will win the 2012 election. If Obama has 4 more FULL years of command style, antil business governance, then I will not be hiring anyone and not be investing in the U.S. stock market.

    July 19, 2011 at 3:12 pm |
  49. Denny from Tacoma

    The real "wet blankets" are the Republicans who pretty much control and are controlled by big business. Bipartisanship is a bad word except when things go their way.I hate to say it but our private enterprises are the ones doing most of the outsourcing overseas, so the only way we can now create more jobs is to have more government. So if Obama wants to create more jobs he should create more government; if the Republicans don't want that then perhaps they could cease the outsourcing and get off of their "wet blankets."

    July 19, 2011 at 3:21 pm |
  50. Minesh

    Jack, business people know that Obama is anti-business. He has no interest in growing the economy. He has stopped drilling for oil in gulf, he is for increasing taxes and regulatory burden on businesses and has created an abomination for all called Obamacare.

    All he wants – like all bona fide liberals – is government control. – Minesh Baxi, Troy, MI

    July 19, 2011 at 3:23 pm |
  51. Wilhelm von Nord Bach

    I saw Steve Wynn's rant this morning on local TV news here in Las Vegas and I personally think he's full of baloney. this is the man that also recently said the Chinese Communists had a "better business enviorment in Macau" and that is why he is investing there instead of America.

    REALLY? a Communist government's regulations are LESS than in America? I thnk Wynn needs to stick to serving booze and ripping off video poker players. the man needs to stay out of politics because IF the likes of Sarah Palin, Michelle Bachmann or Sharon Engle ever got REAL political power, they would OUTLAW his BUSINESS.

    July 19, 2011 at 3:23 pm |
  52. Jim

    Jack, "Wet Blankets" are an apt metaphore for the, rich out of touch Corporate baboons (sorry primates), that lost any semblance of reality once they flew by private jet, schooled their kids privately, vacationed and lived in gated communities. Winn belongs in "Alito's concept of Corporate Privilage.....Go Obama
    Los Angeles

    July 19, 2011 at 3:24 pm |
  53. Patsy, Texas

    George W. Bush holds the record as the worst job creator in
    history, at least since records started being kept.
    He created 3-4M jobs in the eights years of his Presidency. So,
    Steve Wynn is wrong.

    July 19, 2011 at 3:32 pm |
  54. Bmoney


    July 19, 2011 at 3:34 pm |
  55. riley oday

    No, not correct. When and if a company needs more people to increase thier sales they HIRE them. Its that simple. Those that claim they are waiting due to uncertainity are not telling the complete truth.

    " Well I could make more money BUT Im not sure the ???? " NOT

    July 19, 2011 at 3:36 pm |
  56. Ed from California

    Uh huh! It was Obama who let anyone buy a house. It was Obama that gave tax breaks to his rich Kochplican buddies that closed 50,000 factories, and allowed the outsourcing of millions of jobs. It was Obama who gives corporate subsidies/welfare (including Michelle Bachmann and her family members,and I'm sure to Wynn properties, too!) to all of our corporations who by the way, don't really need the help, ie. Big Oil, 50% of the Farms, Health Care, Banks/Wall st, Telecommunication companies, Big Pharma!! Yeah, it was Obama who started all of this. What Steve needs to realize is that his business and all business' in America needs a strong, working Middle Class w/low unemployment w/money to burn...in his case. to keep all business' working. All business in America is hurting.....no one's working, and no one has extra money to burn! Wake-up, Steve!!

    July 19, 2011 at 3:39 pm |
  57. Joe R - Houston

    Steve Wynn is only right in that Obama is the current example of administrations which have been accumulating piles of "wet blanket" policies for decades. About the only way Obama could be considered less than the greatest wet blanket would be if he repealed some of the Executive Orders and Presidential Letters of past administrations wet blanket policies.

    July 19, 2011 at 3:40 pm |
  58. Scott in Bellingham

    Actually due to funding pressures the size of government is contracting a little, maybe or maybe not the will of the President, so the dead weight of the government is coming down. However the number of pages of federal regulations has increased about 10% to nearly 90,000 pages under Obama.

    There is not a single human alive that knows what even half of the pages say. It takes 3 million employees to "run" all the regulations, and they earn about $150K each with benefits.

    If Obama wanted not to be a "wet blanket" he would burn half of the regulations he will never read. With half the regulations would come half as many federal employees.

    July 19, 2011 at 3:41 pm |
  59. Dennis north carolina

    No, he is barking up the wrong tree. as he and many other ceo bow to the republican buda to hold back job creation because they want to control the people in general. they want to make Mr Obama a one term president and then take control of the government as their power base over the people!

    July 19, 2011 at 3:44 pm |
  60. Carlsbad

    Hello Jack

    There are three things destroying American jobs, the Obama administration taxes, aggressive unions, stupid greedy American workforce using the unions.

    So the combination of the three chased off American jobs, because of stupidity, greed, and big government.

    July 19, 2011 at 3:45 pm |
  61. Peg in NY

    Steve Wynn has had too many facelifts to be considered an economic, job creating expert.

    July 19, 2011 at 3:47 pm |
  62. Dee in New Paris Ohio

    I am SO SICK of the rich and the Republians (really the same bunch) blaming the sorry state of our economy on President Obama. Who is Wynn, something like the 517th richest man IN THE WORLD! So, what exactly is HE doing to create more jobs? Especially since he probably is able to take advantage of tax breaks out the wazoo, and probably winds up paying proportionally less taxes than the average working man!

    What exactly do the rich WANT! Even though they keep saying that by lowering taxes it will create jobs, taxes have been lowered until many of the rich incdividuals and corporation pay NO taxes (and you can't get much lower than zero, unless they want the government to pay THEM taxes for the privilege of having them around), yet jobs are disappearing at an alarming rate.

    The problem is NOT President Obama. the problem is the rich, who take our jobs offshore to improve their already staggering bottom lines, and who absolutely refuse to pay their fair share of the costs of maintainins our government at all levels.

    What I want to know is, when does the revolution start?

    July 19, 2011 at 3:47 pm |
  63. Chandler in Rockaway, NJ

    Why should we believe anything from a man who made billions preying on the gullible through legalized gambling? Like the other robber barons, he wants absolute freedom from government oversight of any kind, and of course to push all of the tax burden onto the working classes. This silly whining that "uncertainty" is the cause of high unemployment is a merely a smokescreen masking the agenda of the ultra-wealthy. I'll give your certainty: after more than 30 years in the workforce, I am now certain that I will never again have a salaried job with benefits for the rest of my life.

    July 19, 2011 at 3:48 pm |
  64. Pete in Georgia

    Steve Wynn is a prototypal American capitalist and YES, he is right.
    He is everything Obama and his minions hate, a filthy rich businessman who in their minds makes far too much money and needs to redistribute some of it.......................kind of like Lenin thought some 90 years ago in Russia.
    It's time America realizes that capitalism is the engine that drives the economy and produces jobs. If a few hundred folks out of 315 million become billionaires doing so..............who cares.
    The fleas come with the dog.

    July 19, 2011 at 3:53 pm |
  65. Kenneth from California

    A fourteen trillion dollar borrowing debt, and trillions in taxes spent on defense, entitlements, state grants, pork barrel, and a list almost infinite has gone into our collective pockets, including the pockets of Mr. Wynn. That money created millions of jobs, and an enormous consumer base that has fed big and small businesses alike, such as Las Vegas hotels. Government money was the mother's milk that fed America's economy.
    No Mr. Wynn, the wet blanket is the federal government going broke, and it didn't happen on this President's watch. Now business has to find a way to make money without Uncle Sam.

    July 19, 2011 at 3:56 pm |
  66. Bill in New Mexico

    This CEO Steve Wynn may not like the Democrats, but somebody needs to regulate businesses. He is wrong about Obama in this area.

    We have a competitive or antagonistic culture.

    This CEO Steve Wynn is just complaining much like citizens complain about the stupidity of traffic regulations.

    This is the area I disagree with Republicans on.

    However, I agree with Republicans that incorporated businesses should not be taxed. As long as businesses are functioning, they simply pass their taxes on to their customers.

    We–Americans–in the end pay the taxes of our businesses. And, the taxes hurt our businesses' competiveness.

    Japan and France are no longer taxing their incorporated businesses.

    Other European governments are following the lead of Japan and France.

    If our incorporated businesses did not pay taxes, the Republicans would not have an argument for being against raising taxes on the wealthy.

    Capital gains taxes is not clear. This area will always be unfair–one way or another. In this area, CEO Steve Wynn is correct about Obama.

    However, as bad as the U.S. needs revenue–now, is not the time to correct taxes. Now, is the time to increase taxes on all the wealthy to get some needed revenue.

    Now, is also the time to pull every last soldier from overseas back to American soil. Stop this loss of money in these fruitless wars!

    July 19, 2011 at 3:57 pm |
  67. Larry Feierstein-Denver

    Why not ask Steve Wynn, Mr. Vegas what he is doing to ensure the double digit unemployment picture in his city is changing. Wet blanket? The entire city of Las Vegas is under water, and Mr. Wynn had not done much to help throw it a life preserver. Start at home Mr. Wynn.

    July 19, 2011 at 3:59 pm |
  68. Kathie

    The GOP who is so self-absorbed in preserving tax cuts for the rich and big breaks for the rich on their houses/boats/horses/etc are the cause. The GOP wants to throw the working class and our country off the cliff all to protect their rich special interests

    July 19, 2011 at 4:01 pm |
  69. Percy Bergis, MN

    No, Jack. Wynn is wrong on this. He can't blame President Obama for
    his wet blanket of a casino. Its not the President's fault that Americans
    can no longer afford to throw their hard earned money away in
    Las Vegas.

    Today's motto is, "What happens in our wallets, STAYS in our wallet".

    July 19, 2011 at 4:03 pm |
  70. Russell in LA

    Jack, If we can't use common sense to ignore these games of political football scoring points without address the fundamental issues this nation deserves default.

    There's removing Glass/Stegeall that gave Investment banks FDIC insurance creating the legal requirement for the bail outs. There's the WallMarts of the world preventing small businesses from being profitable and crushing local businesses not to mention banks not lending to small businesses for the same reason, then there's the nimby (not in my back yard) attitude that prevents business from creating essential necessities locally. And finally there are the Monsanto's of the world who's monopolies own the patent office and prevent other business from competing at all destroying any kind of free market.

    But who cares about that we've got to score political points right?....

    July 19, 2011 at 4:03 pm |
  71. Jim, Denver CO

    Steve Wynn is indicative of what is wrong with Big Business. Too much greed, ego and hubris. He needs to do an episode of Undercover Boss to get a clue on the real world of normal people.

    July 19, 2011 at 4:05 pm |
  72. marybeth, massachusetts

    Jack, this is just more of business whining like a 2 year old. Laws and regulations (what regulations?) are very pro-business. In my opinion, I think SOME regulations are good for the consumer, and there are a lot of unscrupulous businesses out there. Over-regulation is not good, but right now we have almost no regulations. What regulations exist are ignored or are very weak–witness the economic meltdown and glacial-like "recovery".

    The honest businesses don't have to worry–they're already in compliance. It is the dishonest ones who are whining and complaining about how burdensome gov't is. Yeah right. Lobbyists for the corporatocracy pay off the politicians who right and pass laws favorable to businesses, who weaken the regulations on the books, who fill the regulatory agencies with people who don't believe in the regulations they are supposed to enforce.

    Businesses get all kinds of tax breaks and corporate tax rates are the lowest they've been since the Eisenhower administration. Funny that the economy was strong when taxes were higher and regulations stricter (and enforced).

    July 19, 2011 at 4:05 pm |
  73. Paul P.

    No, I don't buy that argument. Obama saved countless jobs by propping up GM and Chrysler, the stock market surged back and companies are making solid profits. While unemployment remains high you can't force companies to hire people. There needs to be demand and right now, the middle class is struggling badly.

    July 19, 2011 at 4:11 pm |
  74. Ray E. (Georgia)

    Somebody must be right here. Do we have a 14 plus Trillion Dollar Debt or did I just dream it. No, that can't be right. Maybe Obama has voted Present one two many times. Unemployment at an Offical 9.2 Percent? A Wet Blanket? I would say that Horse is wearing a Wet Blanket and ridden right into the ground. It appears Obama won't lead so who knows for sure?

    July 19, 2011 at 4:13 pm |
  75. rita nalette

    yeah, and don't raise taxes on "job creators" –

    July 19, 2011 at 4:13 pm |
  76. Sandstone.

    "When your future is so insecure under Obama, how can anyone keep their confidence going? Would you invest in a block of cheese, when a mouse is nibbling away at it daily! Why not set the trap, jack. Cut him off where it counts!"

    July 19, 2011 at 4:14 pm |
  77. Tom Flynn

    He is right on..as leader of a $100Million business, for the last 2 1/2 years its been like walking on pins and needles every day..and though our business is strong (no help from Obama), it would be stronger if this idiot was not in the White House

    July 19, 2011 at 4:21 pm |
  78. Phil in the Florida Keys

    Takes brass tacks to make those comments when Wynn's company stock went from $36 on the day Obama became president to $162 today.

    July 19, 2011 at 4:22 pm |
  79. Rich McKinney, Texas

    Jack jobs have been leaving America for years. In 1961 the governmental budget was 100 billion a year. As the government has gotten bigger and imposed regulations and laws in this country it has driven work out of America into the waiting arms of other countries who were more then happy to facilitate them. We saw the enactment of Medicare, Medicaid, the Civil Rights Acts, the Clean Air Act, the War on Drugs, and price controls on oil plus the creation of the Environmental Protection Agency (EPA), the Consumer Product Safety Commission (CPSC), and the Occupational Safety and Health Administration (OSHA) just to name a few. Today the governmental budget is 20 times what it was 40 years ago. Around 2 trillion dollars and climbing.. Obama is just the start of what is yet to come to America.

    July 19, 2011 at 4:26 pm |
  80. Josh from New Orleans

    The only people who are the greatest "wet blanket" to American business and job creation are the CEOs and top executives who are in charge of those businesses. They could create new jobs for American middle-class, but that would mean they would be making a couple of million dollars less a year. God forbid if they invest or contribute to the country that allowed them to make all that money.

    July 19, 2011 at 4:26 pm |
  81. Mitoosense Fort Lauderdale, Florida


    America doesn't need or want Steve Wynn jobs. Trickle Down Reaganomics has led us to Corporate Welfare and 2big2fail Black Hole Economics. We traded our economic engine for a $5.00 shirt at Wallmart.
    Tax cuts to Steve Wynn does not create jobs It builds factories in China and bonuses for the rich. We have seen enough of the two for me and one for you Republican Long Division. Tax PAC money and all Election Advertising to lower the debt...
    Burma Shave

    July 19, 2011 at 4:28 pm |
  82. wipster in Eastern WA

    Jack, I disagree vehemently with Wynn. While instituting some new regulations have been necessary to prevent another banking crisis, for the most part Obama has been hands off when it comes to business, both large and small. As for jobs, the biggest "wet blanket" has been the repuglicans forcing elimination of government positions and tying the President's hands when it comes to further stimulus... government workers who lose their jobs count as unemployed just as much as private sector workers..

    July 19, 2011 at 4:28 pm |
  83. Kevin in New Mexico

    Obama has done some good things, but when it comes to creating jobs he fails miserably and the state of the economy proves it. I just hope we don't have to take a 2nd ride on the Obama Rollercoaster.

    July 19, 2011 at 4:30 pm |
  84. Ed from Md

    Does a billionaire have a right to whine about the economy? That's like the hypocrite calling the kettle black. That's racism right?

    July 19, 2011 at 4:31 pm |
  85. Steve

    Excuse me if I don't feel very sympathetic to corporations that are bringing in BILLIONS of dollars in profits and giving it straight to the CEOs - regardless of the economy - and meanwhile getting rid of front-line workers like they have the plague.

    July 19, 2011 at 4:32 pm |
  86. Michael Roepke

    Jack, I need some help on this one. My conservative friends tell me that there is nothing government can do to help the economy and that it should be gutted and allow the free enterprise system to work. And Steve Wynn seems to be saying that some administrations can be more harmful than others. So, why didn't our founding fathers recognize this and constitutionally require that loose federation sponsored by Thomas Jefferson?

    July 19, 2011 at 4:33 pm |
  87. Bill

    I think the question should be reversed, businesses are acting like a wet blanket to our economy. Big and small they all seem to be waiting and waiting, for the Golden Goose.

    July 19, 2011 at 4:34 pm |
  88. Roy Birdzell

    We are all brain-dead if we think not. We all know what it takes to create a vibrant economy, and one that creates real jobs. And that is lower taxes and less regulation. Lower outsourced salaries is just one reason companies relocate overseas, but taxes and regulation are the main reasons driving outsourcing. There has never been a successful government managed society that has been ever able to sustain and grow the its economy to keep up with the ever increasing demand for more and more government services. Big government was created by politicians who want to create dependencies of the electorate for their self-serving benefits – to get re-elected. Building a growth economy based upon private investments and risks takes time to roll out across the broad swath of the entire society, while taking resources from the rich and giving it out to the electorate is immediate, thus giving those politicians who are doing the giving the re-election rewards in their political time line.

    July 19, 2011 at 4:35 pm |
  89. Michael Roepke

    Maybe President Obama is a wet blanket, but can you imagine where we would be if President Bush were allowed to run for a third term and was re-elected. A wet blanket is better than no blanket at all.

    July 19, 2011 at 4:36 pm |
  90. Layne Alleman

    Jack, First, let's get a number of how many jobs Mr. Wynn has "created" in the U.S.A., and how many he has created in the overseas markets in the last, say, twenty years? If this country's economic policies are so "harsh and extreme", why does he continue to live and head a corporation here? Surely it should be easier for him to just up and move his operations to a more "corporate friendly" country, than to stay and whine about how unfairly he's being treated by our "socialist, oppressive" state. Adapt to the new world economy, or grab your millions and get the hell out of the way Mr. Wynn! Layne A. Antioch, Il.

    July 19, 2011 at 4:41 pm |
  91. Kevin

    That's rediculous, Jack people have such short memories. The GOP blocked every jobs bill passed by the house in the last congress in the senate, now this person says's it's the president's fault? Jack I know what I'm about say may anger allot of your views but I'm going to say it anyway, I never thought the president's ethnicity matter so much till now. The GOP has been completely taken over by racists. They rather see our country literally destroyed than to see a black be successful. You see jack I'm what my son would call "old school" you judge a person or persons by their actions and the GOP have shown their care nothing about the middle class or the poor, don't take my word for it just look at their actions, also where are the jobs they ran on?

    July 19, 2011 at 4:42 pm |
  92. David

    Steve Wynn ought to know well that government stimulus money always comes with lots of bureaucracy attached. He even ought to know that up to 80% of allotted funds can go to pay the folks involved in the process.

    It's no surprise that intended projects just get the wet end of this blanket. And, it should also be of little surprise that so few new jobs get created.

    July 19, 2011 at 4:43 pm |
  93. bonnie from NJ

    I have some questions for Steve Wynn:
    1) Have you laid off any workers from your corporations while you and your top cronies have benefited from greater profits due to these layoffs?
    2) How much income taxes have your corporations paid in the past few years, have you been taking advantage of the loopholes to not pay taxes.
    If he does not have a satisfactory answer to these questions, then shut up because you are part of the problem.

    July 19, 2011 at 4:43 pm |
  94. Donald in New Mexico

    Poor,poor Wynn. Can't make enough money in his casinos. He blames the President for not enough suckers to part from their money. He says he is not for wealth distribution. Isn't that the business of casinos? Republicans say you can't raise taxes on the job creators. That is the new buzz word. The rich are now called "Job Creators". Someone tell them that taxes are lower than they have been since the 1950s. These low tax rates haven't created any jobs. Just because they say it over and over and over again, doesn't make it true. Wynn's blankey is wet because he is crying into it. Grow up rich man, blame yourself for your shortcomings.

    July 19, 2011 at 4:44 pm |
  95. Mark, Oklahoma City

    Yes, Mr. Wynn is correct. But, Obama's wet blanket on the economy is nothing compared to the FIREHOSE that will be turned onto his re-election chances if the economy and unemployment don't improve by election day 2012!

    July 19, 2011 at 4:46 pm |
  96. Dan

    Jack, I think President O'Bama has been listening to his advisors and trying to do his best to help create jobs IN AMERICA. Unfortunately, the "job creators" -better know as wealthy Americans- don't care whether they create jobs on China, Indonesia, Mexico or the USA. Our manufacturing capability has been and will continue to shrink as long as the wealthy try to capture the last 5% of available wealth. If something doesn't change, who will build the tanks, guns, trucks, etc. to protect us all (including the "job creators") if and when we are involved in a war directed at our very shores? Wet blanket?..No. Realistic patriot?...Definitely.

    July 19, 2011 at 4:48 pm |
  97. Lori - PA


    I don't agree with what Steve Wynn said. What's happening now with businesses and jobs was years in the making. Given the bad decisions made by previous Presidential administrations, it was only a matter of time before the "bubble burst". It just so happens that the "bubble burst" occurred on Obama's watch. While I believe Obama hasn't done enough in regards to jobs creations, and helping small business, we can't solely put the blame on him for the mess this country is in.

    July 19, 2011 at 4:50 pm |
  98. Donald Desaulniers (Belleville, Ontario)

    It sounds like Mr. Wynn is a great guy after all. The only things President Obama has managed to accomplish is the insipid health care reform and the extension of the Bush tax cuts. I'm shocked that Mr. Wynn is not thrilled with the latter. I can only assume he is miffed with Obama for not standing his ground and instituting a public option for health care. That surprises me also. I didn't realize that Mr. Wynn cares so much for the average American. Way to go, Steve!

    July 19, 2011 at 4:51 pm |
  99. Dave

    Steve Wynn lives in an over built, phony city of ultimate hype. The bust hit Vegas the hardest because that's where speculation ran rampant. Obama has not done anything too inhibit business. He reduced payroll taxes and provided incentives for business to hire. Most companies are back on their feet financially, with strong balance sheets and cash in the bank, but they still aren't hiring. I don't see where Obama is causing a problem.

    July 19, 2011 at 4:52 pm |
  100. Karl in Flint

    Steve Wynn has apparently forgotten the Bush administration? He is just another mouthpiece for the non-taxed wealthy and corporations. How transparent can he get? What has he done to help the country with all the Bush tax cuts he has been banking over the past decade? He’s just gotten richer is all? During the Eisenhower years we had great prosperity and much higher taxes that built state and national infrastructure that’s now collapsing due to lack of funding because he and his friends don’t think they should have to pay any taxes anymore. Government was a major employer back then. But that’s when there was a real Republican party, not the greedy shyster outfit they have turned into.

    July 19, 2011 at 4:59 pm |
  101. Dana Jeanne from Lompoc CA

    Wet blanket? No, we need a larger TAX blanket, one that also covers Big Business and the Hugely Wealthy and anyone else with tons of money. Take the tax burden off what used to be the middle class, give the money back to low-income/mental health programs and the jobs will come back. Obama has been beating his head against the brick wall called Congress since he was elected. Nothing he does will be the correct thing when it comes to some people and I'm happy with what he's attempted as far as jobs go, even though I've been laid off since March 2010.

    July 19, 2011 at 5:04 pm |
  102. Ray in Knoxville

    Jack, 30 years ago, we heard that if we just cut taxes and gave the wealthy a free hand, everyone would prosper. That didn't exactly work out. More recently, we heard that if we kept the Bush tax cuts, the rich would invest and jobs would follow. That didn't exactly work out, either. How long are we supposed to buy into these big business/right wing lies?

    July 19, 2011 at 5:05 pm |
  103. Mr. D

    The only "wet blanket" we should mention here is one that we should throw over the Washington politicians to keep them from doing the country more harm.

    July 19, 2011 at 5:05 pm |
  104. Joe

    Are you kidding me? The Obama administration has done everything possible to enhance employment. The problem is with Republicans who make a bigger effort to obstruct this administration, solely, for the purpose of destroying the economy and winning the next election. How can someone "Whining" about the current administration understand what it is like to be poor and unemployed. Remember the palaces you walk into at the Mirage, etc. are paid for ... with dollars we lost , or as I should say "swindled" by the rigged games in casinos. Remember Jack, if you go to a casino and consistently win, they will black-ball you from any and all casinos, so when the kettle is calling someone else a name, then they better look into their shining crystal mirrors.

    President Obama is doing everything he can for our economy and the sooner the public realizes big business and the Republicans are out for kill, then we can restore some integrity with business practices. If the President's new consumer agency does not protect YOU and I, then who will ?

    Joe, Binghamton, NY

    July 19, 2011 at 5:06 pm |
  105. Bob from Melbourne

    Jack, you should be asking the small and mid size business owners as well as captains of industry. You know, the ones the president continues to demonize for trying to be successful. Let’s see, card check, cap and trade, pay czars. Why would Mr. Wynn believe Obama is not the greatest thing since sliced bread? All we ever hear from are the academics and politicians. The ones that say the rich needs to pay their fare share. Well what is their fare share and who decides what that should be? Do You? Do I? Just what gives some the right to think they should somehow benefit from others hard work and success? It seems the people who pay the least in taxes complain the most.

    July 19, 2011 at 5:07 pm |
  106. Tom (Atlanta)

    To your question, I believe the answer is yes. I do not believe that this administration has the experience in business to have developed an intuition about what right for business and by that for people. I don't believe they get it, and they will not get it through their government tenure. Harvard is know producing people with a good understanding of business theory. But sometimes, the dog just won't hunt.

    July 19, 2011 at 5:08 pm |
  107. Scott Stodden

    Quite Honestly Jack Im Not Sure If He's Right Or Wrong Cuz Im Not A Buisness Owner But I Do Know That CNN Which Is The Network You Worked For As Reported As Well As The Obama Administration That The Government Since President Obama Took Office Has Added Or Created More Jobs Than President George W. Bush Did. I Just Think Mr. Wynn Just Wants To Talk Quite Honestly.

    Scott Stodden (Freeport, Illinois)

    July 19, 2011 at 5:09 pm |
  108. Bryan, Colorado

    I think he is right about Obama not being a pro jobs president. I have talked to many democratic friends of mine and everyone of them are very disappointed in Obama's ability to negotiate with republicans. Obama will raise the debt ceiling by deep cuts entitlements, and no tax increases. This will not create one stinken job and more than likely will cause more job losses. Most democrats I talk to believe he is way over his head as a president. I guess the Dems will have to go through another poor election cycle. We as voters have no problem teaching our elected officials a lesson or two about we the people.

    July 19, 2011 at 5:10 pm |
  109. Ralph Nelson

    Obama practices "University of Chicago" economics. It says to leave economy alone, but invest in education, new technology. This is what you see, especially automobiles. But yes, Obama is old-time (1970's) Republican economics (before Reagon). But back to supply-side (all Republican candidates) is far worse. The key to the deficit is employing people (tax revenues). President is doing little in this regard, but Republican Congressmen block all efforts to reduce unemployment and budget cuts well just sink economy..

    July 19, 2011 at 5:12 pm |
  110. Truth Seeker

    Wynn is not a Republican Folks. He was a supporter of Barack Obama. Do your homework. I one thing to disagree, but another to just make up things.

    July 19, 2011 at 5:12 pm |
  111. Randy

    Yes, As soon as Obama came in he told the business community to be as greedy as possible and sit on 2 TRILLION dollars. He also demanded they use America as their own personal slush fund and piss on every citizen who is not in the top 2%. Tell Wynn to put his elbow through another on of his 65 million dollar paintings and shut up.

    July 19, 2011 at 5:12 pm |
  112. Bill N

    Corruption would lead the charge, follow the money and the mystery vanishes.

    July 19, 2011 at 5:12 pm |
  113. Duke, Sarasota

    Since when was it ever the President's job to find a job for people, Jack?

    Did George Washington, Lincoln. . .Nixon, Bush?

    July 19, 2011 at 5:14 pm |
  114. Gary - Woodhaven, Michigan

    What is Wynn doing looking for another rich man's tax cut that creates jobs? Oh ya the Republicans tried that 9 years ago, how's that working out?

    Wynn should stop whining and blaming others for his fear. Maybe if he had the nards to create those jobs then his economy wouldn't be so bad.

    July 19, 2011 at 5:14 pm |
  115. Tim S.

    Is he right? Duh.

    July 19, 2011 at 5:16 pm |
  116. Laura Berish

    Steve Wynn is wrong.

    July 19, 2011 at 5:17 pm |
  117. Bob Vancouver

    No. He's wrong. The republicans are causing all of this.

    The republicans haven't stopped causing problems since Obama became President..

    July 19, 2011 at 5:17 pm |
  118. F Nardo Cape Coral FL

    DITTO ! what Wynn said

    July 19, 2011 at 5:17 pm |
  119. Marguerite

    From Seattle

    Whine, whine, whine. That is all we get from the overindulged CEO's who should put their money where their mouths are and start putting good paying jobs back into this country to get the USA solvent again.
    Winn and his kind are the true killjoys aka Wet Blankets to the economy and job growth, not Presdient Obama.

    July 19, 2011 at 5:17 pm |
  120. Renee Peoria,Ill

    You're kidding, right? Obama already caved on the whole tax the rich thing, extending the Bush tax cuts for the wealthiest members of our society. According to the so called wisdom on the right, that's the most important thing for job creation. Okay, so they got it, and they're still whining? Sounds to me like another rich guy who's just getting pissy because he's not raking in even more money than he already is. When Mr. Wynn has been out of work for months or even years, when he's had a taste of what's it's like to be truly poor, then he'll have something to complain about. He also, apparently, has long-term memory deficit; our economic problems are the result of the previous administration. Those of us whose memories extend beyond 15 minutes have not forgotton that.

    July 19, 2011 at 5:17 pm |
  121. Kristy in St. Louis, MO

    No, he's not right. He's whiny. I don't care if he identifies as Democrat or Republican, he, like every other big business interest, decries any type of effort to support the middle class or regulate industry. When big business is crying foul, I know someone is doing something right. Big Business getting to run exactly how they want = Enron, NewsCorp, etc. Need I say more?

    July 19, 2011 at 5:17 pm |
  122. Cindi

    Hogwash! Corporate America has never had a crystal ball to predict the future. They're sitting on assets and refusing to create jobs because of greed – NOT because of Washington or anyone in it.

    July 19, 2011 at 5:17 pm |
  123. Joyce Grissom

    I think this CEO needs to look at his own blanket. The only fear they have is fundamental fairness to the American worker. Record profits and yet no hiring. Remember they've been "job creators" since 2003. What they really want is more money, more profit at the expense of the American public. Tax breaks for business to encourage hiring and they are more worried about their tax deductions, profits and GREED.

    July 19, 2011 at 5:17 pm |
  124. mowalker

    I disagree with the majority of Mr. Wynn's comments. He is all wet-blanket, and offers little of vision and ideas. Mr. Wynn talks like someone who wants to blame his "parents", the people in charge.

    What has Mr. Wynn actually done to resolve the problems of people working together for the health, benefit and wealth of the entire nation and citizens? Fill me in, please.


    July 19, 2011 at 5:18 pm |
  125. RobinW

    I would have to ask Mr. Wynn why then are corporate profits up considerably and cauffers filled with cash?? Wall streeters got a 20% raise this year. Business and wall street are doing just fine. Its the working man that is suffering.

    July 19, 2011 at 5:18 pm |
  126. Mary, Louisiana

    Obasma is a fair cheerleader, but not quarterback material. All talk and no do.

    July 19, 2011 at 5:18 pm |
  127. Connie in Louisville

    I think Mr. Wynn is underestimating the lingering effects of the Bush policies on the current economic crisis. We were headed this way anyway and no one could have presented the current catastrophe.

    July 19, 2011 at 5:18 pm |
  128. Daniel

    The gambling industry is a pretty simple proposition – "disposable income." Jobs probably equals "disposable income." Maybe what he's saying is we need jobs?

    July 19, 2011 at 5:18 pm |
  129. Anne Marie, Pennsylvania

    Jack, of course he's right. The proof is in the pudding with the unemployment rate going in the wrong direction. Can anyone seriously argue the point that Obama's policies are encouraging job creation? Ridiculous!

    July 19, 2011 at 5:18 pm |
  130. Casino Brown

    Of course, what do you expect from a president who has never owned, operated, or managed a business?

    July 19, 2011 at 5:18 pm |
  131. marcyrw

    Poor businesses! I cry for them every single day as I try to make every single dollar stretch enough to feed my family! I feel so bad for the Steve Wynns of the world and their cronies who devastated our economy, committed countless frauds against Americans, gave themselves mega-bonuses from the taxpayer-funded bailout money (you know, the bailouts that Obama gave them)! It's such a shame for you billionaires. I'm so sorry that the middle class is not serving you as well as we could, even though you get humongous tax breaks for your jets and other playthings. We could do more to make your lives more comfortable. Poor babies.

    July 19, 2011 at 5:18 pm |
  132. Joseph Kraatz, Oceanside, CA

    What a crock!! This multimillionaire has made a fortune off the backs of low paid labor, ridiculously low taxes and a total disdain for the middle class. His whining is pathetic. Last year the average company and corporation paid less than 16% in taxes which is the lowest in the world. There is no making them happy.

    July 19, 2011 at 5:18 pm |
  133. Cameron, from San Francisco

    NO! Just another sourpuss rich person who doesnt want to pay his fair share. Pathetic. Aboslutely pathetic.

    July 19, 2011 at 5:18 pm |
  134. jack

    Yes in deed!

    St Joseph, mo

    July 19, 2011 at 5:19 pm |
  135. Linda frm AZ

    No, the Obama administration is not destroying the economy. That was already done with the Bush administration. Obama is trying to fix it only to find himself trying to find a way to deal with the party of no fueled by the tea party no compromise members of congress.

    July 19, 2011 at 5:19 pm |
  136. Mary

    No, he is not right. Obama is one of trhe few sane leaders in Washington. People like Steve Wynn want all the money, with none for the middle class. Pretty soon, noone will be able to give their money to him at his casino because they won't have any left.

    July 19, 2011 at 5:19 pm |
  137. Gary in Pa

    This administration has no knowledge of how to stimulate the economy nor create jobs. The majority of the administration are academics, no actual experience in creating jobs. Look what has happened to his economic team, they have quit and gone back to teaching. What can they teach, they don't know anything. I would not any of my kids to take a class from a professor who has no clue about our economic system.

    July 19, 2011 at 5:19 pm |
  138. Tom from Nebr.


    I have no clue what he means by that. In what way and what specific policies is he talking about? I have heard that small businesses are having a hard time getting loans for expansion and hiring, but I doubt that is the Presidents fault.

    July 19, 2011 at 5:19 pm |
  139. Paddy, Pennsylvania

    If Obama is a wet blanket, the Tea Party/Default caucus in the House is a soaking blanket. Nothing should scare business more than Republican policies that put us in this mess in the first place. Nothing will throw us back into the thick of the crisis of '08 then creditors losing confidence in the United States government's ability to fund itself.

    July 19, 2011 at 5:19 pm |
  140. Linda in Arizona

    Are you KIDDING? Obama is totally OWNED by Wall Street, the banks, and other large corporations. If this Wynn guy is sitting on the sidelines, it's for some other reason than obama. To say that obama is anti-business is like saying Rick Perry is anti-God. Obama is a shill! Look at his cabinet. Look at his appointments. Look at his golf partners! That is the craziest thing I've ever heard.

    July 19, 2011 at 5:19 pm |
  141. Ken in NC

    Obama has created more jobs than the Great GWB so he can't be the worst but that yahoo has got to blame someone other than the Republicans.

    July 19, 2011 at 5:19 pm |
  142. John

    I couldn't agree more!

    July 19, 2011 at 5:19 pm |
  143. Marsha Harris

    Of course, he's right. He's a successful businessman known throughout the world. His failure rate is zero. Like Donald Trump, he thinks our president is uneffective, he procrastinates on everything, often contradicts himself and had no experience in anything remotely connected to being President of the United States of America. Bravo to Steve Wynn for telling it like it is !!!

    July 19, 2011 at 5:19 pm |
  144. James from St Louis

    No, he is not right! I think the "real" wet blanket is all of the "job creaters" who create jobs overseas and/or take their record profits and stuff them in their already overstuffed wallets instead of creating jobs in the USA.

    July 19, 2011 at 5:19 pm |
  145. Jeanne Gorman

    Steve Wynn is upset that President Obama wants health care reform and Wall Street reform? Is he kidding? Can you say Elizabeth Warren? We need more Wall Street reform not less. If Wynn has so much capital he should be helping our economy instead of bellyaching.

    July 19, 2011 at 5:19 pm |
  146. Vance

    The last time I was working in Las Vegas the Wynn CFO was from the Teamsters-Mafia clan–nice and clean, never paid much in taxes–then he cleaned up his act selling art works, casinos and went Tea Party Republican–frankly Wynn isn't the most credible person to critize the policies of President Obama or anyone.

    July 19, 2011 at 5:20 pm |
  147. Sam

    I believe Steve Wynn is living in the Twilight zone with Michelle Bachman,
    Jack. And he's trying to blame President Obama for Americans not
    wanting to blow their hard earned and scarce money on the biggest
    twilight zone of them all? Las Vegas?!

    July 19, 2011 at 5:20 pm |
  148. GeorgeW

    No. We all know that the greedy are holding out hoping for a Republican Congress before they hire. This group ("skiddish" business people) is the "wet blanket". Trillions just sitting there? They want tax more tax cuts not jobs for people.

    July 19, 2011 at 5:20 pm |
  149. John

    I totally agree with Mr. Wynn. If you count how many times the phrase " In 2012" is uttered In this debt ceiling crisis, I think you would be shocked. Pssssss, guess what folks? It's still 2011. Get on with business, and quit worrying about re-election. MY boss wants to know what I'm doing today, not a year from now.

    July 19, 2011 at 5:20 pm |
  150. Tom in Desoto, TX

    What's the matter, didn't he make a billion dollars this week?

    July 19, 2011 at 5:20 pm |
  151. Liz

    No. Republicans are. Wynn evidently is delusional and a ruthless, greedy git to blame President Obama for the Republicans' constant malfeasance. Republicans are solely responsible for any economic troubles the US has. They want more money and power, while robbing the middle class, the poor, the sick and the suffering, in order to get what they want.

    July 19, 2011 at 5:20 pm |
  152. Tom K. from Santa Monica, CA

    Have you ever stayed at The Wyn or Encore hotels in Las Vegas. They are perfect examples of successful (and amazing) businesses. Obama continues to punish companies by threatening new taxes on them, which will make businesses and jobs dry up. It takes a true businessperson to understand the needs of this country's businesses. Obama has lost touch and only cares about his own reelection.

    July 19, 2011 at 5:20 pm |
  153. Tom

    Ever hear of supply and demand? Demand is what is holding business back. Funny how a Las Vegas developer like Wynn talks about uncertainty when it was guys like him that overextended Vegas real estate and business to begin with. Thanks, but no thanks Wynn. I wouldn't trust you to open up a lemonade stand after your recent history.

    July 19, 2011 at 5:20 pm |
  154. Charlene Weir

    I think that these comments do not take into account several hundred year's experience that tells us anytime that regulation and oversight fails, corruption takes over and shortly in the wake, the economy dies. Businesses should be grateful for more oversight and get on board and acknowledge the importance of being ethical. The Quakers got rich going the honest route. Business is here to make human life better – we are not here to make business better.

    July 19, 2011 at 5:20 pm |
  155. jim

    No. If Wynn would be specific, perhaps his comments would not be called a "Rant". Did he not expect a reversal from the laissez-faire policies of the past 2 decades?

    July 19, 2011 at 5:20 pm |
  156. Nancy

    Sorry, Jack - but Wynn is the "wet blanket" - He'd like a return to the "good ol days" when people were willing to throw their money away at the casinos. This severe recession has awakened the American people to the need to spend wisely for one thing.

    Pres Obama is the best President of my lifetime and I'm 75 years young. He's smart, he's got courage to fight off the wolves (conservative right wingers) and keep moving ahead toward what is good for America and the middle class! Who gives a darn what Wynn says, anyway?

    Nancy – Loveland, CO

    July 19, 2011 at 5:20 pm |
  157. Ken


    I am sick of hearing about these cowardly business owners that say they won't conduct business because of Obama's policies.

    What policies are they talking about specifically? Cisco's laying off 16% of their employees, is that about Obama's policies? I don't get it, either you want to run your companies without interference from Congress or the President, or sit on the sidelines and complain about ghost policies that don't exist?

    Give me a break!


    July 19, 2011 at 5:21 pm |
  158. Barb

    Just another disgusting rich man!

    July 19, 2011 at 5:21 pm |
  159. Allen

    What? Is Wynn competing for the media title of: Donald Trump? Is there a floppy wig under that air of superiority?

    July 19, 2011 at 5:21 pm |
  160. Buck Rutledge

    Wynn would object to President Obama's effort to reform Wall Street since he prefers the high risks of a casino where a large number of losers support a few high rollers. The only way Steve Wynn would be correct is if he is two-years old.

    July 19, 2011 at 5:21 pm |

    Steve Wynn is all wrong. He should add the 10,000 jobs first. Then he can complain about. Otherwise he is just being disrespectful to the President.

    July 19, 2011 at 5:21 pm |
  162. Barb Odell

    I totally agree with Mr. Wynn's analysis of this situation and can only add that Washington should cough up their salaries and retirement plans and put them towards this enormous deficit that they have created. They are not resolving this problem. We are their employer and when an employee does not perform satisfactorily, they are fired and their pay discontinued. No retirement, no medical insurance. When you're fired, you're fired. No percs. Many Americans know this feeling and situation. Washington needs to know, too.

    July 19, 2011 at 5:21 pm |
  163. Steve M.

    Wynn is not far off. However, I don't believe it's just the President. It's all of them; both parties–all players. Do as little as possible, while making the most noise... oh, and don't forget to point your finger at the 'other-side'. Same rules apply here in Michigan. Except here, our benevolent lawmakers decided that not missing their 2 months of vacation this summer was a better idea than fixing the mess we call the the "Mitt"; and the rest of the country calls "a joke". Lansing and D.C. must operate under the same [lack of] work ethic.

    July 19, 2011 at 5:21 pm |
  164. Ben

    So – Wynn had a successful last quarter and has all this money on the sidelines, and he isn't willing to invest it because he is scared? Of what? Healthcare? That the government will be helping cover the costs of healthcare so that it isn't solely on the back of business? Of regulations? Because your workers have health and safety standards? This is a rich man ranting because he is afraid his taxes will go up a little bit in order to pay down the debt. I can't help but believe this is unsubstantiated bluster by another billionaire who crys himself to sleep on a gold pillow while the rest of us are just trying to get by. Shut up Wynn.

    July 19, 2011 at 5:21 pm |
  165. KR Norris

    Jack, Steve Wynn is a liar. Check out his political contributions at "Newsmeat" and you will see how "Democratic" he leans. His political contributions of over $500,000 has been 85.3% Republican and 14.7% Democratic. He's thrown some money at Nevada Democrats as do all business people who want to be able to call in favors from time to time but his real money is squarely with the Republicans.

    July 19, 2011 at 5:21 pm |

    It would be interesting to research what kind of jobs Mr. Wynn provides. If he is in the casino/resort/hotel business he most likely hires majority 'immigrants' for less than minimum wage and then they have to depend on gratuities for a living wage. Americans doe NOT need more low-paying jobs especially ones that make fat-cats like Mr. Wynn richer.

    July 19, 2011 at 5:21 pm |
  167. Robert from Texas

    Does it really matter what he said? I am sure that the President will have another news conference tomorrow saying how the American public is on his side and everybody else is wrong.

    July 19, 2011 at 5:21 pm |
  168. greg lancaster,tx

    That statement is blatantly ridiculous. Why would any business leave profits on the table just because they dislike Obama or what is happening in Washington. Wealthy business interests have bought both the democratic and republican parties and neither will seriously challenge their supremacy. We have seen this ridiculousness before. For example when working class people blatantly vote against their own interests and vote republican even though the wealthy elite are republicans and sending their jobs to china or india. We have seen it when in spite of the fact that most white men did not own slaves they went to war to risk death or maiming to protect the right of rich men to have slaves. That makes no sense since the best way to limit your income is to have people around who work for free. I fear that people like winn object to the very idea of Obama and act against their own interests and will destroy the economy to make sure that he does not get reelected

    July 19, 2011 at 5:21 pm |
  169. Jeff In Minnesota

    While the Obama administration hasn't done itself any favors regarding job creation, they also didn't get any breaks either. However Steve Wynn is just trying to blame someone else over his own company's short sided management because Las Vegas has been hit very hard by the financial downturn and things are not going to get better out there any time soon.

    July 19, 2011 at 5:21 pm |
  170. Marcus in Greensboro, NC

    CEOs are the wet blankets. Over ten years of the lowest tax rates they have ever had provided by Bush and extended by Obama, more tax cuts in the Stimulus plan, and soft regulations, and they still complain that there is uncertainty? Some corporations are paying less than cashiers at McDonald's! They have been making record profits and they are still whining. They want to pay no taxes and reap all of the benefits, it's ludicrous. I wish we could vote them out of their jobs.

    July 19, 2011 at 5:21 pm |
  171. Linda Hoffman

    I'm sure Steve Wynn is really, really suffering.....and has he thought that the reason he is sitting on all tha money is that is no demand for his services since most people are not gambling in Vegas?

    The majority of Americans are struggling to put food on the table, gas in the car and maintain their mortgages.....if they have a job, that is.....and if the Republicans would stop supporting the upper 2% of the population and punishing the rest of us by sending jobs overseas.... maybe we would have regular people spending money again.

    July 19, 2011 at 5:21 pm |
  172. Vince Carson City, Nevada


    Obama has been a huge disappointment but that does not excuse the GOP for obstructing literally everything the Democrats have suggested to cope with the problems we face.

    July 19, 2011 at 5:22 pm |
  173. Tom L.


    Kudos to Steve Wynn. Nausea spreads when business leaders get together and talk about the Obama administration. Mr. Wynn is one of the few to say it like it is. Millions of jobs sit on the sidelines, waiting for Professor Obama to get back on campus.

    July 19, 2011 at 5:22 pm |
  174. Vince Cami

    Of course he is right!

    He speaks for so many corporate executives who are tired of the over regulations, the burdensome health care rules and the total lack of a comprehensive energy policy.

    This administration has indeed smothered the entrepreneurial spirit in this country.

    Vince Cami

    Duluth, Ga

    July 19, 2011 at 5:22 pm |
  175. Joel Patrick

    As a business owner I feel that it would be an act of insanity to hire new employees at this time. Ever since the USA has recently "turned the corner", and more people don't pay taxes than do, the anti-business sentiment has taken over.

    Obama's entitlement class supporters can now elect and appoint the pro-entitlement class politicians. They now call the shots. Too bad. We once had a wonderful country to live and WORK in.

    July 19, 2011 at 5:22 pm |
  176. Dan Falco

    No Jack, I think that distinction goes to the guy that pushed thru not one, but two rounds of massive tax cuts without any consideration to proportional cuts in spending. Not to mention starting a war with a Muslim country that had nothing to do with 9/11 (Iraq) and NEVER attacked us!

    July 19, 2011 at 5:22 pm |
  177. Ron

    If you want to know what is needed to spur business and grow jobs, listen to the business sector instead of all the idiot "PROGRESSIVES who sit in Congress or reply to your blog! Of course Wynn got it right. Until we get rid of this tax and spend liberal, Obama, we will all suffer.

    July 19, 2011 at 5:22 pm |
  178. margret macvikar

    if wynn is an example of the country's ceos we are in bigger trouble than I thought. he should go to china/russia if he believes the business climate is better. where in the world do you folks get losers like this for your shows.

    July 19, 2011 at 5:22 pm |
  179. debbie c

    i agree 100% with steve wynn

    and here is my spin on mr obama i think he is the main reason our economy is still bad along with congress who seems to be acting like children on each and every issue in this country and not wanting to be an adult so i think our country is going to fall into a land of hopelessness instead of the american dream

    July 19, 2011 at 5:22 pm |
  180. Tony

    Steve Wynn is right on target. Obama is worse than Jimmy Carter and his failure to repair this country and create jobs. If I were Obama I wouldn't even run another term, he's already lost the common sense vote.

    July 19, 2011 at 5:23 pm |
  181. Sean

    It's a myth that job creators sit on their wealth because they are greedy. The truth is they invest in ways to gain more money because they are greedy.
    If they have the money and the opportunity to make more, but aren't doing so, I would think that gives what Wynn says some solid credibility, and it's not just the rich. I know several small business owners who would like to expand or hire more but aren't doing so for the same reasons.

    July 19, 2011 at 5:23 pm |
  182. Dave Matz

    The issue is not the policies of President Obama, but the Congresses continued attempt to change those passed bills in favor of corporations. If you think those trying to repeal the programs might be successful, you keep your money on the sidelines.

    If the programs that Obama has driven and passed were allowed to work their way out and get the appropriate amendments when problems were seen, business would be more than happy to invest.

    The problem is that the losers in Congress have not been willing to accept the loss and move on. Businesses could move on and the economy grow under any policies. It's the divisiveness and uncertaintly that is slowing things down.

    July 19, 2011 at 5:23 pm |
  183. Joe

    No...I don't agree. Republicans keep asking the President, "Where's the jobs?", but the fact is, the President should be asking the Republicans, "Where's the jobs?"

    It's the Republicans who state tax increases are job killers, but there haven't been any tax increases. So why aren't the wealthy and cash bloated corporations creating jobs? It's all a smoke screen to get President Obama out of office. I say TAX, TAX, TAX the wealthy and corporations until it hurts...like the current economy is hurting the middle class. And one final note...stop giving my tax dollars to illegals and kick them out of the country.

    July 19, 2011 at 5:23 pm |
  184. David M. Ginsberg

    Dar Jack:

    It is amazing that Steve Wynne would complain about job creation when he is in an industry, and is complaining about lost opportunities, in the gaming industry. As an economics major from the Wharton School of the University of Pennsylvania, I can assure you that gaming, the jobs it creates, and the taxes on its profits, do nothing for the "real economy." This industry adds nothing to "real GDP" and our country would be better off without it. I say this even though I gamble extensively as a very skilled poker player and black jack card-counter who used to even publish a news paper about gambling (from the statistical odds point of view) and, to head off the critics, no, I never lost a lot of money.

    The damage to our economy is due to spending and committments to spend money incurred during the 8 Bush years and the inherent lag in the effect of legislation and its effect, which presumes that some day the Republicans will get out of our President's way and allow him to do the job he was elected to do which is well suited to succeed at.

    Very truly yours,
    David M. Ginsberg, Atty At Law (Phila PA)

    [Please use my name]

    July 19, 2011 at 5:23 pm |
  185. Jay from Seattle

    DAH...A good way to get rid of Obama.....Keep unemployment high and keep the money in oversea investments so youy do not have to pay taxes.

    July 19, 2011 at 5:23 pm |
  186. Gigi Oregon

    Business leaders right now are not my favorite people in this country. They rob the working class, pay a low tax rate and show disrespect for the President... not anyone I'd take advice from. I doubt there is any chance Wynn will be sliding down to middle class soon.

    As for his rich buddies and lobbyist making our leaders rich by keeping the American worker poor their jobs are in jeopardy. This time around I'll with millions, will be banging the drum to replace them with a Democrat. All the Tea Party has show us is they and Big Brother Republican are two peas in a pod, giving to the rich and taking from the middle class.

    July 19, 2011 at 5:23 pm |
  187. mikeg

    Jack I just watched you on CNN . As far as I am concerned Steve Wynn is as big a blowhard as Donald Trump. Self serving and self indulged . The problem he has with Obama is that Obama wants to end the tax loopholes that he enjoys. His rant is all about his money.

    These guys always talk about job creation, If it came down to it all we need is jobs which would mean more income from taxes. He is just greedy and it will never change

    July 19, 2011 at 5:23 pm |
  188. Daigle

    Wish our congressmen would have the guts to stand up and say it. If they have ever had a business maybe they would understand what Wynn is saying.

    July 19, 2011 at 5:24 pm |
  189. J.C.

    That statement is the truth if ever anyone ever told it. More people would voice that sentiment if not fearing being branded as racist
    Corporations are going to wisely sit on their piles of cash until they know what this inept administration and inept congress is going to do, if anything
    North Carolina.

    July 19, 2011 at 5:24 pm |
  190. Elisabeth Jansen

    Steve Winn should be talking..what has he done for this country? Nada..he only puts money in HIS pocket so he can live in bigger houses and live an even grander life. May be if he did not divorce so often he could have kept more of his money. This man is greedy. Under Bush..the housing market in Las Vegas collapsed and all the jobs went with it. A 1300 sq.ft home was going for $350.000+ and look where Vegas is right now. Those were the Bush inflated prices. I am sure Steve Wynn does not like healthcare reform..GO FIGURE. and God forbid Steve Winn would have to pay some extra taxes...

    July 19, 2011 at 5:24 pm |
  191. Lisa, Idaho

    If Mr. Wynn would put his money where is mouth is he would create those 10,000 jobs without a thought or fear that his profits wouldn't increase. He and all the other big business executives with their multi-million dollar empires do not care about the American economy–only their profits and their Republican tax benefits. He shouldn't call himself a Democrat. He is what makes the Republican politicians drool–a big political contributor with all of Congress in his pocket.

    July 19, 2011 at 5:24 pm |
  192. charles johnson

    Jack, I have no idea how many jobs Mr. Wynn has created; however I do seem to recall that eight million jobs were lost under the Bush administration not counting the number lost, subsequent to his policies, during the Obama administration. In that light, I do not believe an honest accounting would lead one to believe the Obama administration may be characterized as the worst for job creation in Mr. Wynn's lifetime.

    July 19, 2011 at 5:24 pm |
  193. Paul Chernin / Los Angeles


    Wanna know why we have no jobs ? It's because our gov't allows large corporations to pick up and move to other countries where they can avoid paying much of their us taxes leaving behind large numbers of unemployed Americans who now have no income to pay income tax.

    This practice deprives America of jobs, and tax revenue, and it is killing our economy.

    July 19, 2011 at 5:24 pm |
  194. Joyce Smith

    President Obama is getting blame for the mess that the last administration started. the The Republican Party support the rich or they wouldn't have signed a pledge to protect them,, where are the jobs that should have been created while they were getting the tax loopholes, there won.t be any jobs until they have ousted the President, and you can take that to the bank. Joyce

    July 19, 2011 at 5:25 pm |
  195. Dicky Neely

    Steve Wynee makes me want to puke!
    What a cry-baby, spoiled rich billionaire whining about "uncertainty!" Uncertainty is the very definition of the future. Nothing is guaranteed except death and taxes. He is worried about making more billions and I am worried about whether or not he and others of his ilk will shutdown government and deny me my social security disability check. By the way, I don't see that as an "entitlement." Social Security is an involuntary "loan" I made to the government to be paid back with no interest and possibly not in full.
    Dicky Neely
    Corpus Christi, Tx.

    July 19, 2011 at 5:25 pm |
  196. Dr. Carlos M Alcocer Bunker, Wesley Chapel, FL

    I do not agree with Wynn, there seems to be allot of bigotry by many layers of the far right. The President has been very accommodating in trying to solve our nations problems. The propaganda and misinformation is fully paid by the wealthy and multinational corporations. I speak from serving my countries miltary as a deception and psychological warfare planner. Our nation needs more than hypocrisy and demagogs! There seems to be a war to discredit this President, where are the American principals of tolerance, liberty and the premise that of Government by the people, for the people?

    July 19, 2011 at 5:25 pm |
  197. Tish

    Wynn is full of it. Right now Las Vegas is a ghost town...casinos are at a fraction of their capacity. This is due to the downturn in the economy propagated by GW & Co. with the financial sector being allowed to sell houses using "liar loans" and reverse amortization mortgages with a later "adjustment". The housing market has pulled every other market sector in this country down. President Obama had nothing to do with that, it was all done under the watch of the previous REPUBLICAN administration. Wynn says he wants to hire 10,000 more people to work in Las Vegas? DOING WHAT, EXACTLY??? It's not like Las Vegas is a community just bursting at the seams with a need for more workers. He is griping, as all the gazillionaires do, because this administration wants him to pony up a bit more to help the economy and close the deficit. One extra yacht payment per year, and it throws him into a tizzy. He is just afraid to lose some of those lucrative and not-well-known tax loopholes that he uses to pay a smaller percent of his income in taxes than the vast majority of Americans. Unfortunately, because his name is well-known, his stupid utterances are all over the news. Just ignore him. Talk to an average income earner instead, and plaster that all over the news!! Why give him the platform?

    July 19, 2011 at 5:25 pm |
  198. kathy from peoria az

    Sounds like Steve Wynn is sand bagging! If he says he can create 10,000 jobs than do it. Take a leap of faith and get people back to work. Quit blaming everyone and do something about it instead of whining you could do it if it weren't for the politics. Sounds like Mr Wynn is playing politics If I owned a business I would do everything I could to help put people to work.

    July 19, 2011 at 5:25 pm |
  199. Gerard

    The wet blanket on the economy is the unwillingness of Congress to compromise. The Obama administration can only do so much and are not really responsible for legislation to create jobs. That is Congress's job. Let's put the blame where it really belongs. Just because Obama is not able to do EVERYTHING that has been dumped on his lap at once does not mean he is the one causing the jobs problem. Congress is the one that needs to do Its' job to help create more jobs.

    July 19, 2011 at 5:26 pm |
  200. Brian

    Yes! he is correct. People are not responding to the question but more what they think of Casino's or Wynn's choice of free business persuit of happyness.

    The statement he makes is correct: The Obama Administration IS the greatest "wet blanket" to business and job creation. Will stop there to keep it on point. What's going on right now in Washington needs to end. This tool of a president threatening social security if this isn't resolved (meaning paying higher taxes) is rediculous and should be criminal. We pay for SS seperately, We should not be raising taxes, and we should be letting go the "bottom X%" within the government. How about all government workers take a 2 week mandatory vacation. If Corporations can do it, the government should be able to do it as well. It's not like they get much done in 2 weeks anyway.

    Lastly, all politicians really need to be on a 1 term basis. This would resolve much of the problems..

    July 19, 2011 at 5:26 pm |
  201. Barbara Spence

    Yes, he is totally correct and the only way we're going to save the United States of America with the freedom given to us by God and our forefathers, is to get rid of the President and the complete Congress and get some leadership in their positions who believe in our Constitution, believe in God and want to take back our country.

    July 19, 2011 at 5:26 pm |
  202. Garrick, MN Monticello

    He's only partially right. Obama has made it a little tougher for larger businesses but it's made it easier for smaller local businesses. Job creation has been only slowed because we're still scared about the recession. Everyone still scared of spending money and many don't have enough TO spend.

    July 19, 2011 at 5:26 pm |
  203. Arnie Kleban

    This President is the worst! Even worse than Jimmy Carter.He feels he knows better than the poeple he represents, why I don't know. If he gets re-elected we are in bad shape... I am so upset by his policies. he promised change and hope..we now have no hope till he is gone. the changes he is making are in the wrong direction. Most American agree!

    July 19, 2011 at 5:26 pm |
  204. Mark

    Republicans are the ones to blame for the current situations including the debt ceiling and lack of job creation. Since Obama took office all the GOP has done is block anything he tries to do. They would rather have Obama out of office at the expense of a majority of Americans well beings. If they tank the economy by not passing this debt ceiling, I will do all I can to hold them personally responsible, which may include sueing them, if my business and savings go down the tube. I am still trying to recover from the housing crash, thanks Big Banks and Wall Street! I cannot have it happen again nor will I sit back through this again!!

    July 19, 2011 at 5:26 pm |
  205. connie

    Jack I would say NO..The republicans are blocking him at every turn and they are just playing for time, waiting out until the 2012 election , so they can say he didnt create enough jobs. I can see thru their agenda why cant you.

    July 19, 2011 at 5:27 pm |
  206. Dean, Silver City, NM

    Why is it that business can't remember that shortly before President Obama took office, they went to the White House and informed the President that the economy was going to collapse unless the government gave them billions of dollars. Now all they can talk about is the deficit, the job market, and the debt ceiling, and it's always in the context that they have no responsibility for it. The President saved the country from their disaster and it may take a while to recover. Perhaps, they could risk doing something to help.

    July 19, 2011 at 5:27 pm |
  207. Terry - Delaware

    If Obama were on a mission to intentionally ruin the US economy and keep the unemployment rate high, I cannot imagine what he'd be doing any differently. You cannot stimulate job growth by increasing taxes. Obama and his gaggle of cronies and czars are worse than clueless when it comes to the economy, and that's just not what we need right now.

    July 19, 2011 at 5:27 pm |
  208. Larry Taylor

    Houston, Texas

    So Mr. Wynn is saying he did not benefit from the stimulus plan given to Big Business. He is being vitimized just like the unemployed. His partners in crime (other CEO's) is sitting on the money and not spending it. He needs to direct his anger at them.

    July 19, 2011 at 5:27 pm |
  209. Sean from Missouri


    Steve is partially right here, in the sense that the Obama administration is a huge problem, but in reality both parties are to blame for the mess we're in. First they create an artificial housing market, then create policy which tanks the entire economy as a result. Now all we hear from both sides is "more government, more regulation." Given that all the previous regulation has gotten us into this problem, why are we not challenging the government's terrible attempt to "fix everything?"

    July 19, 2011 at 5:27 pm |
  210. Tom Torkelson

    No Mr. Wynn is not right! Big business is their own GD wet blanket. They are bound and determine to sacrifice the us economy because of their rediculous greed! Millions of jobs could be created by the money they so carefully keep stuffed in their pockets all because they are afraid the government regulations are going to force big business and wall street to act fairly give me ____Break!

    Tom in Minnesota

    July 19, 2011 at 5:27 pm |
  211. Bernie Bay City, MI

    Steve Wynn is a joke just like you who don't have their hands on the pulse of America. He has made his fortune on the backs of middle america.
    We can't afford to go to his rip-off casino's and give more. Casino's were not built on WINNERS. Just us?????

    July 19, 2011 at 5:27 pm |
  212. Paul

    Wyn is right! The President can promote business growth and prosperity, or he can promote socialism (which is anti-business). He can't do both. He has chosen socialism.


    Alexandria, VA

    July 19, 2011 at 5:27 pm |
  213. rich

    Steve Wynn has for years made millions from gambling and selling stock offerings in his hotels for years. Seems to me his position in life was made possible by a middle class trying to keep their nose above water by frequenting his hotels in the vain hope of hitting it big in Vegas. The truth be told if he had any concern for the folks that put him where he is, he would be backing initiatives trying to help the little guy. His moaning about the job climate being the fault of the President just proves the fact that the Republicans have his back because Money goes to Money.

    July 19, 2011 at 5:28 pm |
  214. Roy

    Mr. Wynn is probably right. It feels as if the Obama administration has done nothing to help the economy, by helping businesses or households. You're right Jack these policians are more concerned about their jobs than the economy. Can you blame them? There aren't very many jobs for them to turn should they lose their job.

    July 19, 2011 at 5:28 pm |
  215. sam jafarian

    I would be very interested in hearing one viable reason as to why Mr. Wynn does not add jobs to his casinos in United States, besides personal greed that is.
    He is well aware that investing in Macao will bring him greater profit, due to growing economy in China and the cultural love of the Chinese for gambling. If anything he should thank Obama for a weak dollar policy and the government regulations that allows these billionaires and their corporations to keep their money from being taxed here!
    Steve Wynn is nothing but another Donald Trump dyed brunette.
    BTW, congratulations on your citizenship in Monoca Mr. Wynn, enough said!!!

    July 19, 2011 at 5:29 pm |
  216. Robert Van Istendal

    Steve Wynn is 100% correct.
    Its something that the buisness community has know and its about time someone blasted this worst Presidency since Carter.
    If this econemy is to turn around we need a new President fast.

    July 19, 2011 at 5:29 pm |
  217. Nikki from VA

    How ironic, that a man who may own 4 Bentleys, Limos, Mercedes, 3 houses would say that about a man who has worked endlessly for the people and constantly gets blocked. Then on top of that say that his company could hire "10,000" people so what do you do sit on the JOBS. Mr. Wynn doesn't have to worry about where the next meal is coming from. Any rich person right now smiling needs to release those jobs or kiss it where the sun don't shine! It is NOT the president! It is those RICH who drive past us everyday in their $250,000 cars that need to come to reality because in the end GOD doesn't need your money in heaven!

    July 19, 2011 at 5:29 pm |
  218. Tyler

    Sorry Mr. Wynn, nice try, nice excuse. I think the American people are really beyond the end of their rope listening to these billion dollar business owners complain they can't hire anyone due to tax burdens! Taxes are at their lowest in over 50 years! So where are the jobs Mr. Wynn?! You are making record profits and hoarded your money. You have had plenty of time, so the only wet blanket being thrown here is the one soaked by the wealth of guys like you suffocating the middle class.

    Tyler – Studio City, California

    July 19, 2011 at 5:30 pm |
  219. Ginger Buck

    Steve Wynn is "RIGHT ON!"

    When will you be interviewing him on the Caffrety File?

    From Victorville, CA

    July 19, 2011 at 5:30 pm |
  220. kaye

    No, I blame the tea party and the Republicans. I do agree that all they are concerned with is their own job! Increase the debt ceiling,than focus on where loopholes could be closed,programs could be reduced. The Republicans and the Tea Party continue to crush the markets,crush the progress that has been made.

    July 19, 2011 at 5:30 pm |
  221. John

    Congress and the administration are so focused on holding their jobs for the next year that the discussion in Washington right now is quote "nauseating."

    What a understatement this is! We the public have felt this way for the longest time (years). And now someone has dared say it aloud! We the public are paying these "public servants" to do a job they seem to believe is contigent on weather or not we like them in the press. If they did their job in reality and were the best of the best would their press even matter? They would get elected based on their performance. Afterall is this not what we the public voted on in these elections..Performers! Our question still remains where are the performers and how much time is left for them to come to the top and perform. At the moment we are as Americans feeling foolish for the joke we played on ourselves...Our Vote!!!!

    July 19, 2011 at 5:30 pm |
  222. Gerry from Minneapolis

    CEO's such as Wynn are known for not being afraid, except of their shareholders. Not adding 10000 employees is not because of policy fears; it is because the dividends paid to shareholders will decrease. All you have to do is look at the accounting equation, assets=liabilities+owners equity, and you will see what Wynn is afraid of. Wages are are liabilities. All else being equal, if you raise liabilities, you decrease owners equity, i.e. dividends. Every business person knows that wages are the single largest liability of a company. Wynn is protecting his own salary by not increasing employment.

    Spare me the lame rhetoric.

    July 19, 2011 at 5:31 pm |
  223. Patrick Sherman

    Mr. Wynn is sooo correct, but should any of us be surprised? Mr. Obama has the total experience of a community organizer and a short term Senator. How in the world people thought that he had the qualifications to run our country is beyond good sense. I just hope 500 years from now that some class room studying world history doesn’t start saying…. “geez are the American’s really going to be on the test, they weren’t even around for 300 years”? Is Obama the beginning of the end, it sure feels like it!

    July 19, 2011 at 5:31 pm |
  224. Victor M. from NJ

    tell Wynn to be specific... some irresponsible CEOs and derivative traders helped to drive us off a cliff and 2 years later they want us to go back to business as normal without serious reform... its not all about shareholder earnings, what about business-public partnerships?, so as not to rape the middle class for every last penny (holding/sending money overseas!)

    concerned citizen Victor M.

    July 19, 2011 at 5:31 pm |
  225. Doris

    If Wynn cared about this country he would add jobs and stop being so greedy, he made money in the second quarter, the billionaires should pay more taxes, why should the middle class continue to support them.
    The old saying "MONEY IS THE ROOT OF ALL EVIL". If the rich paid more taxes we would not have a deficit.

    July 19, 2011 at 5:31 pm |
  226. Jane Hyatt, Sacramento CA

    It would be interesting to research what kind of jobs Mr. Wynn provides. If he is in the casino/resort/hotel business he most likely hires majority 'immigrants' for less than minimum wage and then they have to depend on gratuities for a living wage. Americans doe NOT need more low-paying jobs especially ones that make fat-cats like Mr. Wynn richer

    July 19, 2011 at 5:32 pm |
  227. violet pflugbeil

    No I don't agree with that statement... Another RICH Businessman crying the blues because he has a problem ripping off the real Tax paying people.. That's the problem right now in this country..Billionaires don't want to pay there share of TAXES..They want the working families to keep paying and paying while they sit back and keep adding to their Bank Accounts.. Well too bad it's time for you to pay up! One of the deadly sins is Greed.. Wow we see so much greed now it's sicking..

    July 19, 2011 at 5:32 pm |
  228. Patricia Reedis

    No President has ever been disrespected as President Obama has. What's different about this President ... he is black. From the moment he was elected, the republican party said he would be a one term president. They said that they would not work with him and would vote against anything that he proposed. They are determined to see that he serves one term even if it means that they ruin the country in the process.

    July 19, 2011 at 5:32 pm |
  229. Stevie Love

    Actually, the greatest wet blankets to jobs and business in our lifetimes are the Republicans in Congress and especially the Republicans in the House repeatedly drowning any hopes for progress in our country. The Republicans' objective is to block everything good for the country especially if it is to help the poor and the middle class. All the Republicans care about is protecting the Bush tax cuts for the wealthy even to the detriment of putting the country into a tailspin if we cannot meet our obligations by not raising the debt ceiling. This is in the face of 71% of the American people agreeing that tax increases on the wealthy should be part of any debt ceiling deal. Ironically, the reasons that the surplus left by President Clinton was plundered into a deficit were the Bush tax cuts and the war in Iraq in which he involved us.

    July 19, 2011 at 5:32 pm |
  230. Frances Hubbard

    Are these the same businesses that almost brought this country down under Bush policies?

    July 19, 2011 at 5:32 pm |
  231. Danny Lynch

    It's appalling to me that the rich are so determined to get rid of Mr. Obama that they will stop at nothing short of bringing our great nation to it's knees in a selfish and childish huff.

    Our country has gone to the dogs at the hands of the rich and they still impede our progress. Shame on all of you.

    Keep up the fight, Mr. Obama. America stands behind you.

    July 19, 2011 at 5:32 pm |
  232. Terrance S

    Jack: The problem is people are use to the way things are. The wealthy,Big business, Republicans and the tea party are not the answer to Americas future. Whenever we get a good President who wants to do his/her job we have a problem with that. Kennedy, Clinton, Obama are great Presidents. The problem is Republicans, The tea party, and Big business want to set rules for everyone else except themselves. Corporations hate Regulations.

    July 19, 2011 at 5:33 pm |
  233. chris

    For someone like Steve Wynne to say something like that makes himself look like a hypocrite, Obama has been trying to create jobs here in the U.S. and rich people like Wynne wanted to take american jobs from his company's global headquarters in Las Vagas to Macau (china) in 2010 all for greater profits to him.

    When U.S. corporate business stop sending jobs overseas and keep them here in the U.S. then our economy will improve and so will our country. It's people/or corporations like Steve Wynne who don't care about our economic situation as long as they makes their billions. As long as corporate greed stands in the way of our economic situation so that we can't improve it, then we will forever be in this mess. It's too bad that our political leaders can't understand that so that we can keep american jobs here in the U.S.instead of having them sent overseas.

    and the answer to your question is No!!!

    chris in Rhode Island

    July 19, 2011 at 5:33 pm |
  234. David G in Atlanta

    Wynn complains about administration policies but provides no specifics. I suppose he is opposed to things like minimum wage and providing healthcare to all employees. If it were up to people like Wynn, all employees would be 1099 contractors to whom he would not have to provide withholding and workers' comp. It's easy to hire people under those rules.

    July 19, 2011 at 5:33 pm |
  235. Roger from Phoenix

    Jack there's no question about it Obama administration is a wet blanket . With all the uncertainy in policy by politians that live somewhere other then earth and have no clue what life is really like for millions of middle class citizen they the elite continue to ruin any chance of a recovery. Face it when large business feel's it's safer to do business in communist China then the U.S. there is definitely something wrong.

    July 19, 2011 at 5:33 pm |
  236. Abdul

    Mr Wynn is not a honest man. His outburst would have been appropriate eight years ago. When President Obama stepped in to save major financial institutions he some how anger the main street, Bush tax cut for the highest income bracket is still in place, Bush and previous administrations spent billions if not trillions to hunt down Bin Laden(who did?) Bush tax cut was meant to stimulate job growth under President Bush, it didn't, and still is not, so what is the relevance? Deregulation brought us the financial melt down, so what is the issue with sensible regulation? Mr Wynn is just a greedy businessman who as he claimed is sitting on wealth but has no feelings, no desire, to hire his compatriots who are struggling to make ends met.

    July 19, 2011 at 5:33 pm |
  237. Warren Sutherland

    As a Canadian with many American friends and who follows closely the politics of the US, it is astonishing to witness on television, the coordinated lengths to which the Republicans and their wealthy business CEO's and supporters will go to ensure President Obama becomes a one term president. In November 2012 the growing thongs of the disadvantaged and right thinking people are going to surprise those who blame the President for every conceivable problem. Instead of the US grasping the opportunity to cooperate with one of their brightest and most intelligent leaders to further the greatness of their country, some are instead prepared to ruin their country simply to retain power for those already vastly endowed with it.

    July 19, 2011 at 5:33 pm |
  238. Peter Maier

    Due to mechanization, productivity of humans has increased enormously and companies need less people to produce the same amount of products. The main problems now is clearly that companies can not sell products because there simple are not buyers.
    Would you hire somebody just to sit around and do nothing? Of course you wouldn’t, so don’t listen and spread those invalid accusations, especially not made by businessman in the hospitality industry, since they obviously depend on others earning the money by [producing products, so they can effort their services.
    Peter Maier
    Stansbury, UT

    July 19, 2011 at 5:34 pm |
  239. Nick

    Mr. Cafferty,
    How many hotels do you own Mr. Wynn? This President is the first President I feel is on our side(the commen man) I am so tired of big buissness complaining because someone is finally calling them out. No new jobs were created when President Bush gave the tax breaks to big buissness for the eight years he was in office. I am almost 60 years old and i feel that President Obama is the best President we have ever had, includingJ.F.K. Did everyone forget that the President said it would take time to fix the mess the Republicans put us in?Four more years!

    July 19, 2011 at 5:34 pm |
  240. John Cullinan

    Steve Wynn is wrong. If he has the ability to start 10,000 jobs right now and does not do it, he is the wet blanket. Along with all the other business people who could get the economy rolling but won't, because they are worried about the government. It has become a self-fulfilling prophecy for these people. Why the constant blame towards Washington? If these businesses have the ability now to ramp up, do it and quit whining. Unless they are afraid of the current administration. Maybe they want someone in D.C. who will not regulate the banks, will not hold them accountable, and will not make them sacrifice. Shameful

    July 19, 2011 at 5:34 pm |
  241. Conor, Chicago

    Of course the uncertain business climate has nothing to do with Republican obstructionism right?. Anything Obama does that sets us on a path is immediately corrupted by Republicans who want nothing more than to maintain their domincance over everything. They don't care about jobs, they care about their power over your ability to have one. They know that if a Democratic president sets us on an economically sound path after the destructive years of Reganomics they might fall from grace so they would rather America destroy itself rather than admit their time has come and gone. It should be considered treason.

    July 19, 2011 at 5:34 pm |
  242. abe simon

    re Mr Wynn's comments on jobs- I live in LV and have respected Mr Wynn for his business ability and charitable actions, but I must take exception to what he said. It has been my firm conviction that he and other large and small businessmen are sitting on their money and not hiring or expanding-not helping the unemployment. This is not how they have normally expanded and made more profits. No matter what we do they won't jump in to help and create jobs, even though some of them have gotten government funds.

    July 19, 2011 at 5:34 pm |
  243. Ramie Lochan

    No... Business like Wynn Resorts are the Wet Blankets of America today. With every thing that is currently going on with wth the debt crisis and raising of the debt limit ... you havent heard one major business came out in defense of getting rid of the tax loopholes to help the country. They are just contended to sit back and let the middle class carry the burden pushed by the Republican ... while they make millions in profit year after year. .. and they have the audacity to complain that the administration is a wet blanket. Yeah right.

    July 19, 2011 at 5:35 pm |
  244. Martin J Mitchell

    Dear Jim,
    Wynn bias is nauseating !!! For a man of his stature engaging in such low and dirty language to our president is appaling. We had eight years of Bush's blunders, low expectations and non performance. No jobs, wars, enabling the housing bubble and embarrasing low global acceptance for a president that had two terms. He blew up the budget, loosing 700K jobs per month when he left office leaving the country on the brink of disaster. He can have his opinion but not his own facts. These are the facts that cannot be disputed.

    July 19, 2011 at 5:36 pm |
  245. Terry Antilla

    In some ways I agree with Steve Wynn but in others I don't. If he is so upset with the way our government is being run DO SOMETHING! For him to say he has millions of dollars but won't put people to work is wrong. That is part of what is wrong with this country. Every one is waiting for someone else to do something. Well my question to them is "Who going to bite the bullet and start putting people to work?" To many people are sitting on the side lines waiting for someone else to make the first move. I live in a county with 25 hundred square miles, two school districts and no jobs. Tell these rich people to start helping and not do what the government is doing. Which is nothing but blaming everyone elsa and pointing fingers at each other for not doing anything.

    July 19, 2011 at 5:36 pm |
  246. clint in GA

    Wynn is right on target. Obama is of the opinion that government jobs and handouts are more important and has glutted this country with way too many government jobs. We need to cut government jobs to at least half of what we have and concentrate on creating private sector jobs. The less government this country has the better off businesses will be. In my home town where dozens of nice empty commercial buildings stand vacant the District Social Security Office has just broken ground and is building a new office so more and more deadbeats can sign up for SSI which is a program that was not in the original plans for social security. If SS needs more space shy don't they move into one of the vacant buildings?? These are the things that need to be addressed and until they are – things will never get any better.

    July 19, 2011 at 5:36 pm |
  247. phil bender

    As far as he goes Steve Wynn is right. But the Obama administration has done more than any president to circumvent the Constitution of the US than any President in history. He has appointed many radical anti American people in various Government Agencies and they are bent on changing the chacter of our country from within. It is a form of a Government take over without force of arms. And needless to say the amount of debt building up if not halted assuming it is not to late will eventually cause an economic colaps down the road. As Europe is on the brink of doing and we may not be able to avoid the fallout. He has not told the truth on many issues but speaks in a way that sounds good to the uninformed. People in his administration have commited cimes and continue to do so. I could say more but it may be to late any way to halt the demise of America as we know it.

    July 19, 2011 at 5:36 pm |
  248. Richard Oak Harbor, Wa

    Mr. Wynn represents an industry which derives their income from those spending discretionary funds. Any fiscal austerity program needed to lower the national debt is going to curtail public discretionary spending.

    Mr. Wynn your short term future is clearly bleak.

    July 19, 2011 at 5:37 pm |
  249. Robert H. Norfolk, MA

    Steve Wynn is dead wrong. To build jobs in this country, we need an apprentice system such as operates now in Germany, and the same system is encouraged in America by various unions, such as an Electricians' union in Boston, which has teamed with a college to offer
    associate's degrees while keeping up with the latest technologies
    that Electricians must know. The political system here has produced the nost inefficient congress in years. The Party of No has fought Obama every step of the way. Their racism is showing. Money spent to pay many Representatives and Senators has been wasted. They come to DC with preconcieved ideas, znd they keep their brains up and locked.

    July 19, 2011 at 5:37 pm |
  250. Robert (Las Vegas)

    So Wynn is sitting on money for 10,000 jobs when the Las Vegas unemployment figures are the highest in the nation? Over what, waiting for another tax break? This is the same guy who calls his company "a Chinese company". Now we know for sure who is creating the problems and manipulating the system. Big business.

    July 19, 2011 at 5:37 pm |
  251. M Winter

    To be quoting Steve Winn of Las vegas, Nev. is a shabby ploy. I hear nothing but lies from your channel and the Republicans. I will not watch you anymore. You are traitors to our beautiful country and none of you really care about what happens to our government, or disabled people, or Senior Citizens, only your greedy desire to not have to pay a few extra bucks out of your inflated salaries in order to PAY YOUR WAY in the benefits that YOU get from this Country. M Winter

    July 19, 2011 at 5:37 pm |
  252. ANderson, T

    It sound like Mr. Wynn is upset that he did not get a bailout like the banks did. On a more serious note, why would a BILLIONAIRE complain about bad times? Answer....greed.

    July 19, 2011 at 5:38 pm |