Steve Wynn: Businesses 'Frightened to Death' of Obama

Casino owner says that's why no one's hiring or investing

By Kevin Spak,  Newser Staff

Posted Jul 19, 2011 11:31 AM CDT

(Newser) – Why aren’t businesses hiring more people with the piles of cash at their disposal? Casino magnate Steve Wynn thinks it’s because they’re scared of Barack Obama. “I'm telling you that the business community in this company is frightened to death of the weird political philosophy of the president,” Wynn said on a recent conference call, according to USA Today. “Until he’s gone, everybody’s going to be sitting on their thumbs.”

“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,” Wynn said. “Everybody's afraid of the government, and there's no need to soft peddling it, it's the truth. It is the truth.” He went on to insist it wasn’t a partisan issue. “I am a Democratic businessman and I support Harry Reid. I support Democrats and Republicans.”

Steve Wynn answers questions about his upcoming wedding to Andrea Hissom, Wednesday, April 27, 2011, in Las Vegas.   (AP Photo/Julie Jacobson)
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