Wynn Explains Obamunism

From Seeking Alpha – a transcript of Steve Wynn’s Earnings Call:

…Well, here’s our problem. There are a host of opportunities for expansion in Las Vegas, a host of opportunities to create tens of thousands of jobs in Las Vegas. I know that I could do 10,000 more myself and according to the Chamber of Commerce and the visitors convention bureau, if we hired 10,000 employees, it would create another 20,000 additional jobs for a grand total of 30,000. I believe in Las Vegas. I think its best days are ahead of it. But I’m afraid to do anything in the current political environment in the United States. You watch television and see what’s going on on this debt ceiling issue. And what I consider to be a total lack of leadership from the President and nothing’s going to get fixed until the President himself steps up and wrangles both parties in Congress. But everybody is so political, so focused on holding their job for the next year that the discussion in Washington is nauseating. And I’m saying it bluntly, that this administration is the greatest wet blanket to business, and progress and job creation in my lifetime…

The bottom line:  because of government policies, especially those of President Obama, Wynn simply will not expand his Las Vegas operations.  That is really all that needs be said – Obamunism is destroying the economy and we must change course if we are to prosper.

Read more at Noonan for Nevada