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wynn nailed it. no one wants to invest because no one knows wtf obama and his kooks will come up with next. not to mention the shitload of tax increases coming with obamacare
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the Secret Service does not approve of the thread title
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hmmm
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Steve Wynn is a boss. Hopefully we only have another year and a half of this idiot(hint: the idiot isnt Wynn)
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Wynn blames Obama for not "wrangling" both sides in the debt ceiling discussions. What exactly are the Republicans offering to make Obama want to cooperate? Negotiations are give and take and since the Republicans only want to see give, Wynn knows the odds are greater that there will be no deal.
If you think Obama is bad for the casino business now, wait until the debt ceiling doesn't get raised. That's gonna really fuck up business. That's the basis to Wynn's rant. Thinking of himself first.............standard. -
take away the debt ceiling issue and Wynn is still right, that's is a small small part of it.
Obama = uncertainty -
Haven't the Republicans given up bigger "cuts", setling for just 300 billion per year or so out of a 1 trillion plus yearly deficit? As if the minority party is dictating policy to the president...
What exactly are the Republicans offering to make Obama want to cooperate? Negotiations are give and take and since the Republicans only want to see give
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Wynn is a pawn of Frank Luntz and other Republican message crafters.
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"Economic uncertainty is a myth term created Frank Luntz and other Republican message crafters to politicize economic data. If you are listening to the radio, reading the Internet, or watching TV and you see or hear the term economic uncertainty be aware that Republicans are trying to emotionally manipulate you on an unconscious level."
Paul Krugman -
Paul Krugman has to be the most smug person in the world.
Originally Posted by Willywoo
"Economic uncertainty is a myth term created Frank Luntz and other Republican message crafters to politicize economic data. If you are listening to the radio, reading the Internet, or watching TV and you see or hear the term economic uncertainty be aware that Republicans are trying to emotionally manipulate you on an unconscious level."
Paul Krugman -
I own a business in the real world. Economic uncertainty is certainly more than some phrase invented by republicans. Ask my friend who sold his business to his competitor earlier this year. Just not worth the risk, hassle or uncertainty anymore. The competitor absorbed the business and only added one job to his existing business. That meant about 20 jobs lost in this area.
I'm certainly not hiring anyone. In fact I keep looking for ways of operating with less people.
Your liberal idealism is real nice and all, but people who live in the real world don't have the benefit of living in your fantasy world. -
Don't Keynesian's believe in "animal spirits"?
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That's Capitalism! Those who cant stand the risk or turn a profit get bought or go under. Nothing to do with the Govt creating economic uncertainty.
Originally Posted by anderson_mr
I own a business in the real world. Economic uncertainty is certainly more than some phrase invented by republicans. Ask my friend who sold his business to his competitor earlier this year. Just not worth the risk, hassle or uncertainty anymore. The competitor absorbed the business and only added one job to his existing business. That meant about 20 jobs lost in this area.
I'm certainly not hiring anyone. In fact I keep looking for ways of operating with less people.
Your liberal idealism is real nice and all, but people who live in the real world don't have the benefit of living in your fantasy world. -
This is so bogus. The only economic uncertainty is the hope held out by the Steve Wynn's of the world that the slice of he pie they get will get even bigger, and then, by how much. I too own a business and understand enough to know that if we stop the oppressive bickering and try to resolve problems, the economy will grow, folks will have jobs and spend more money as a result.
Wynn, GM and I are all in the same boat ( admittedly, really an enormous stretch), if the President, House and Senate actually represented the people and resolved these issues, we'd all be dollars ahead. -
It doesn't matter at all if Wynn is wrong or right in this case. The only thing that matters is the fact that he's now economically passive, as are others who significantly drive the economy, because the uncertainty and questioning of Obama's leadership. -
wynn sounds ridiculous. he decries "regulations" yet ignores the reasons why regulations exist: to protect the public. conservatives won't understand this until they find themselves in need of protective regulations that hold any business accountable. typical.
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hahaha, you could have posted a link to the last conference call or the one before that one or the one before that one...well you get the idea.
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The reasons the plebes think regulations exist or are enacted is to protect the public from the nefarious plans of the businessman. What the plebes seem to ignore is that it is the businessman's friends and colleagues who make the regulatiuons so they do more to protect existing market shares and shut out new competititon than they do to protect the common man from harm. This is turn makes the common man poorer through less opportunities which in turn makes the common man live a "less safe" life as being poor generally is not as safe/healthy/secure as being wealthy. Regulations are likely a net loss on life expectancy and standard of living.
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Where does he ignore the reasons why regulations exist?
Originally Posted by above_films
wynn sounds ridiculous. he decries "regulations" yet ignores the reasons why regulations exist: to protect the public. conservatives won't understand this until they find themselves in need of protective regulations that hold any business accountable. typical.
When I read the article it seems he was more interested in the uncertain environment relating to future regulation, healthcare costs and the redistribution of wealth.
It would seem that for the reasons Dyz mentioned he is not concerned about regulation per se. This is supported by the fact that he gives money to both Democrats and Republicans in order to make sure his bread is buttered on the correct side. What he is concerned about is the overall philosophy of this President, his attitude toward business in general and the purpose of his policies.
Besides you miss the point of the article which is a businessman setting forth facts as to why businesses are not investing the money they are accumulating. It doesn't matter much that you might not agree, and like Obama might think we should "do something" to these businesses that do not reinvest their money, Wynn states why it is and there is no counter argument because it is a fact and as long as Obama is President our economy will not expand and grow. -
There are any number of reasons why companies are not deploying cash at the moment.
Edited By: saxman Jul 20th, 2011 at 03:00 PM
1) There remains an overcapacity in durable goods due to the recession. The hangover means businesses are still not hiring, unemployment is still high, which leads to further capacity reduction through increased M&A activity and consolidation of jobs.
2) The European debt crisis still hangs over the world economy like a wet blanket.
3) The USA housing bubble continues to put a lot of pressure on domestic banks as they have to increase their coverage for bad debt. People are not borrowing due to lack of economic improvements, trading revenues are lower due to lack of faith in the markets.
4) It's all Obama's fault. -
Steve Wynn is entitled to his opinion, but I don't see why it should be afforded any more attention than anyone else's. The OT conservatocracy seem to think maybe because he's really rich that his opinion means more. Not surprising. But there are other rich people that disagree with him, so ultimately, it's just one man's opinion. He's been going on Fox News with Cavuto and the rest for a couple years now, so I'm not sure why his latest tirade should be taken any more seriously than his previous ones. Because he claims to be a Democrat? So does kowboy8686, ffs.
"Shots fired!" tho.
Are we having a battle of billionaires? Sounds fun.
My side: Warren Buffet, Bill Gates, Mark Zuckerberg, George Soros (!!!).
Evil billionaires: Koch brothers, Steve Wynn, the Wal-Mart Waltons, I'm sure I'm missing a bunch.
Partly evil, partly good billionaires: Mark Cuban?
Hmmm, maybe billionaires are just like normal people and they have different opinions like everyone else? Nah! They're special!
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