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Businessmen Against Obama


Businessmen Against Obama

These days, it seems casino magnate Steve Wynn would rather tempt his luck at the card table than take his chances investing in the economy, thanks to Barack Obama's anti-business policies. Earlier this week, Wynn -- CEO of Wynn Resorts and a Democrat and Harry Reid supporter -- called this administration "the greatest wet blanket to business, and progress and job creation in my lifetime." Wynn blamed the president for the fear pervading the marketplace. "I could spend the next three hours giving you examples of all of us in this market place that are frightened to death about all the new regulations, our health care costs escalate, regulations coming from left and right."
In fact, according to a new Heritage Foundation report, within two months of the president's signing ObamaCare into law, improvement in net private-sector job creation went from an average of 67,000 jobs per month to just 6,400 jobs per month. Correlation doesn't necessarily equal causation, as Heritage admits, but many business owners cite ObamaCare as one of their top barriers to new hiring.
Regulation wasn't Wynn's only concern. Obama, he said, "keeps making speeches about redistribution and maybe we ought to do something to businesses that don't invest, they're holding too much money. We haven't heard that kind of talk except from pure socialists." Coming from a Harry Reid Democrat, these words are pretty powerful.
Wynn wasn't alone in his critique, either. Bernie Marcus, co-founder of Home Depot, said that the single biggest impediment to job growth is "the U.S. government. Having built a small business into a big one, I can tell you that today the impediments that the government imposes are impossible to deal with. Home Depot would never have succeeded if we'd tried to start it today. Every day you see rules and regulations from a group of Washington bureaucrats who know nothing about running a business. And I mean every day. It's become stifling."
As for Obama, Marcus says, "His speeches are wonderful. His output is absolutely, incredibly bad. As he speaks about cutting out regulations, they are now producing thousands of pages of new ones. With just ObamaCare by itself, you have a 2,000 page bill that's probably going to end up being 150,000 pages of regulations." Is it any wonder, then, that the economy is struggling?
Entry #178


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