Wynn CEO Goes On Epic Anti-Obama Rant On Company Conference Call http://www.businessinsider.com/wynn-ceo-steve-wynn-conference-call-transcript-obama-2011-7
I think he sums up the feelings of about 95% of us business owners. The other 5% are already out of business. Between the leadership vacuum created by this unqualified "president" and the self-preservating, self-important Congress, there is little hope it seems.
I still think that Obama is going to get re-elected. I've seen a lot of polls that say people are unhappy with things, are unhappy with Obama, but also more unhappy with Congress and Congressional Republicans in particular. I think what ever compromise we end up with is going to hurt the Republicans. It will be couched by the media as a victory for Obama and a defeat/concession by the Republicans. I think that since most americans don't earn 250K and up, they don't really care about tax hikes for that group, they want a deal.
Most Americans found out in the late 80s that "trickle down" economics is completely hit or miss.....mostly miss....because as is announced over and over again very loudly on this board....."it's my money.....I earned it......and I'm not giving it to nobody....for nuttin" And I might add....who could expect anything different? It's human nature I think to take what you can get and hoard it. This "if I get mine" then you will get yours philosophy is full of unrealistic expectations. I saw Herbert Hoover's great grandaughter on TV this morning talking about how the newly elected idealogues in the GOP party will bring the party down eventually because they don't budge and what they are selling most Americans aren't buying right now.
I think it's purely frustration with the current situation, rather than thinking things through about the consequences. I think I heard that if you took 100% of the income of high wage earners it still wouldn't cure the problem. This really is a continuation of what Roosevelt started with his New Deal. Take money from one segment and give it to another. It creates more and more dependency on the Federal Govt.
.....and the earth is flat. No actually it is not...... Consumption patterns in developed economies have been studied extensively for over a century.....stashing the entirety of ones marginal gains in income under ones mattress is not a result that has been frequently observed, fwiw if you're interested.
That isn't it AT ALL..... It is mine......I did earn it and I will give to the the people I want to give to for the reasons that I deem appropriate, when I deem it appropriate. It's called personal freedom....private property rights and the right to freely choose. Freedoms for which we fought wars to preserve and guarantee and the basic principles upon which this country was founded...... The notion that our money, and hence our economy and society, is somehow better served being forcibly taken away from the local community to give to some bureaucrat in a far off city, letting him take his share and then decide how it is best utilized is bizarre at best and history has clearly shown it to be an abject failure if left unchecked.....
Steve Wynn is a Democrat who is the main financial backer of Harry Reid in Nevada. If Obama is losing supporters like him, he will find it impossible to win western states other than California...
Re-distribute that "wealth". Take from the achievers and give to the slackers. Make everyone the same . What a great idea. Dave and the roto-rooter guy making the same coin.
Why did Bernie Madoff go to prison? To make it simple, he talked people into investing with him. Trouble was, he didn't invest their money. As time rolled on he simply took the money from the new investors to pay off the old investors. Finally there were too many old investors and not enough money from new investors coming in to keep the payments going. Next thing you know Madoff is one of the most hated men in America and he is off to jail. Some of you know this. But not enough of you. Madoff did to his investors what the government has been doing to us for over 70 years with Social Security. There is no meaningful difference between the two schemes, except that one was operated by a private individual who is now in jail, and the other is operated by politicians who enjoy perks, privileges and status in spite of their actions.
Tom, That is one of the most succinct descriptions of both Madoff's Ponzi scheme and Social Security that I have ever read. Well done.
I just read that Obama is the #1 recipient of campaign donations form News Corp. How goddam hysterical is that? What feckless hypocrites! :lol: :lol:
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:lol: what was funny is after Steve Wynn went on then said he would come on for 3 hours and discuss the failings of the Obama administratio,, 2 hours later the President came on and made the stmnt abt comprimise and that they were close to a deal maybe Steve Wynn should threaten him more often. but then Mr Wynn's company lost money this quarter something according to MSNBC he is not use to doing. /// Obama puts a "Wet Blanket " business in America. gotta love it Mr wynn since you help put the man in office paybacks are a bitch when you loose money :wink:
Here's another one. Home Depot's founder says that Obama is choking the recovery. http://www.investors.com/NewsAndAnalysis/Article/578920/201107201835/Marcus-Home-Truths-On-Jobs.aspx?src=HPLNews
Nobody here can understand the complete apparent ineptitude that is Barack Obama, the absolute absence of leadership. Neither can these titans of industry. Perhaps he is accomplishing exactly what he set out to do.
George The sad part to me is that no matter if we can understand it or not it seems there is nothing or nobody out there to change the situation..? Ralph