Business owners 'fear' Obama, says casino owner Wynn

Business owners 'fear' Obama, says casino owner Wynn - The Oval: Tracking the Obama presidency

Well, we don't think casino magnate Steve Wynn will be attending any President Obama fundraisers in Las Vegas.

Wynn blasted Obama on a recent conference call with investors, saying business people are sitting on their money out of "fear of the president."

"I'm telling you that the business community in this company is frightened to death of the weird political philosophy of the President of the United States," Wynn said. "And until he's gone, everybody's going to be sitting on their thumbs."

A partial transcript:

"Everybody complains about how much money is on the side in America. You bet.


And until we change the tempo and the conversation from Washington, it's not going to change. And those of us who have business opportunities and the capital to do it are going to sit in fear of the President.


And a lot of people don't want to say that. They'll say, 'oh God, don't be attacking Obama.' Well, this is Obama's deal, and it's Obama that's responsible for this fear in America.


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


Everybody's afraid of the government, and there's no need to soft peddling it, it's the truth. It is the truth. And that's true of Democratic businessman and Republican businessman, and I am a Democratic businessman and I support Harry Reid. I support Democrats and Republicans.


And I'm telling you that the business community in this company is frightened to death of the weird political philosophy of the President of the United States. And until he's gone, everybody's going to be sitting on their thumbs.

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