Wynn Takes His Shot

Posted: October 15, 2012

Entertainment magnate Steve Wynn is a big-time Vegas operator. He’s also an admitted Democrat and a fervent supporter of home-state Sen. (and Majority Leader) Harry Reid. But he’s no fan of President Obama — or of what he calls his “weird philosophy.”

Mr. Wynn, as he’s been prone to do, let fly during a conference earnings call Monday, calling the Obama administration “the biggest wet blanket to business, progress, and job creation in my lifetime.”

In doing so, Mr. Wynn becomes just the latest in a growing list of high-profile executives — 3M’s George Buckley,
Boeing’s Jim McNerney, and Home Depot’s Bernie Marcus, among them — to rip the administration for the “uncertainty” it’s caused among the business class.

Mr. Wynn, though, was a bit more vociferous, and more blunt, than most. Talk about telling as it is, or at least calling ’em as he sees ’em. To wit:

 “The guy keeps making speeches about redistribution, and maybe ‘we ought to do something to businesses that don’t invest or hold too much money.’ We haven’t heard that kind of talk except from pure socialists.”

“Business is being hammered. The business community ... is frightened to death of the weird philosophy of the president of the United States. Until he’s gone, everybody’s going to be sitting on their thumbs.”

This, from a Democrat? Yes, but one who’s created a job or two in his career.



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