qh4dotcom
10-11-2012, 01:04 AM
After hearing this billionaire talk, it's hard to understand why he's a Democrat and why he voted for Obama.
http://www.realclearpolitics.com/video/2012/10/09/steve_wynn_on_obama_ill_be_damned_if_ill_have_him_ lecture_me.html#
http://www.businessinsider.com/steve-wynn-attacks-fed-monetary-policy-2012-10
http://www.examiner.com/article/steve-wynn-is-afraid-of-obama-s-crazy-anti-business-programs
What was new was his aggressive criticism of the Federal Reserve's current easy monetary policy, comparing quantitative easing to a Ponzi scheme:
"The demand for American bonds wasn't as great as what it used to be. So what we did is what Bernie Madoff went to jail for: the Federal Reserve printed the money and bought the bonds from the government as if it was really an auction and there was really a buyer."
Wynn takes issue with this because he's being forced to watch "the paychecks of [his] employees go down the drain in real time."
"Everyone that works for me — every African-American, every Latino, every Catholic, every Jew, every Italian, every Mormon in this state — finds that when they take a look at their household budget, the money that they have to live on, their living standard, everything has gotten worse. It costs more for fuel. It costs more for clothing. It cost more for Wal-Mart. It costs more for healthcare. It costs more for everything there is."
"I've created about 250,000 direct and indirect jobs, according to the State of Nevada's measurement. If the number is 250,000, that's exactly 250,000 more than this president [has created.]... I'll be damned if I want to have [President Obama] lecture me about small business and jobs. I'm a job creator. Guys like me [and Mitt Romney] are job creators, and we don't like having a bulls-eye painted on our back[s].
"The president has tried to put himself between me and my employees [through] class warfare, by deprecating and calling [us, the] group that makes money, "Billionaires and millionaires who don't pay their share." I gave 120% of my salary and bonus away last year to charities, as I do most years.
"I can't stand the idea of being demagogued; that is, put down, by a president who's never created any jobs and who doesn't even understand how the economy works."I'm afraid of [another term for] President Obama. I have no idea what goofy idea, what crazy anti-business program [his] administration will come up with. I have no idea. And, I have to tell you John, that every business guy around the country is frightened of [President] Barack Obama and the way he thinks."
http://www.realclearpolitics.com/video/2012/10/09/steve_wynn_on_obama_ill_be_damned_if_ill_have_him_ lecture_me.html#
http://www.businessinsider.com/steve-wynn-attacks-fed-monetary-policy-2012-10
http://www.examiner.com/article/steve-wynn-is-afraid-of-obama-s-crazy-anti-business-programs
What was new was his aggressive criticism of the Federal Reserve's current easy monetary policy, comparing quantitative easing to a Ponzi scheme:
"The demand for American bonds wasn't as great as what it used to be. So what we did is what Bernie Madoff went to jail for: the Federal Reserve printed the money and bought the bonds from the government as if it was really an auction and there was really a buyer."
Wynn takes issue with this because he's being forced to watch "the paychecks of [his] employees go down the drain in real time."
"Everyone that works for me — every African-American, every Latino, every Catholic, every Jew, every Italian, every Mormon in this state — finds that when they take a look at their household budget, the money that they have to live on, their living standard, everything has gotten worse. It costs more for fuel. It costs more for clothing. It cost more for Wal-Mart. It costs more for healthcare. It costs more for everything there is."
"I've created about 250,000 direct and indirect jobs, according to the State of Nevada's measurement. If the number is 250,000, that's exactly 250,000 more than this president [has created.]... I'll be damned if I want to have [President Obama] lecture me about small business and jobs. I'm a job creator. Guys like me [and Mitt Romney] are job creators, and we don't like having a bulls-eye painted on our back[s].
"The president has tried to put himself between me and my employees [through] class warfare, by deprecating and calling [us, the] group that makes money, "Billionaires and millionaires who don't pay their share." I gave 120% of my salary and bonus away last year to charities, as I do most years.
"I can't stand the idea of being demagogued; that is, put down, by a president who's never created any jobs and who doesn't even understand how the economy works."I'm afraid of [another term for] President Obama. I have no idea what goofy idea, what crazy anti-business program [his] administration will come up with. I have no idea. And, I have to tell you John, that every business guy around the country is frightened of [President] Barack Obama and the way he thinks."