Wednesday, July 20, 2011

Why Job Creators Like Steve Wynn Can Rally Around Mitt Romney

The economy is on everyone's mind these days. Its not just the 14.1 million unemployed Americans who are unhappy with Obama's performance on the economy. Business owners are also unhappy with our President. Recently, Steve Wynn, the CEO of casino company Wynn Resorts unloaded his feelings about how bad Obama has been for business owners:
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. And I can prove it and I could spend the next 3 hours giving you examples of all of us in this market place that are frightened to death about all the new regulations, our healthcare costs escalate, regulations coming from left and right. A President that seems, that keeps using that word redistribution. Well, my customers and the companies that provide the vitality for the hospitality and restaurant industry, in the United States of America, they are frightened of this administration.And it makes you slow down and not invest your money. 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, 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, their 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 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.
Steve Wynn isn't the only big business CEO that is unhappy with Obama. There are others who agree with Mr. Wynn's assessment of Obama's lack of concern over the economy: 
3M's George Buckley, who blasted Obama last February as anti-business. "We know what his instincts are," Buckley said. "We've got a real choice between manufacturing in Canada or Mexico — which tends to be more pro-business — and America," he told the Financial Times.
Boeing's Jim McNerney, who in the Wall Street Journal last May called Obama's handpicked National Labor Relations Board's suit against his company a "fundamental assault on the capitalist principles that have sustained America's competitiveness since it became the world's largest economy nearly 140 years ago."
Intel's Paul Otellini, who told CNET last August that the U.S. legal environment has become so hostile to business that there is likely to be "an inevitable erosion and shift of wealth, much like we're seeing today in Europe — this is the bitter truth."
Home Depot co-founder Bernie Marcus, who observed to radio host Hugh Hewitt last month that Obama "never had to make payroll," that "nobody has ever created a job in this administration" and that the president is "surrounded by college professors."
GE's Jeffrey Immelt, one of Obama's biggest supporters, who hit out at the president last year. "Business did not like the U.S. president and the president did not like business," the FT reported him saying. "People are in a really bad mood. We have to become an industrial powerhouse again, but you don't do this when government and entrepreneurs are not in sync."
Berkshire Hathaway CEO Warren Buffett, another Obama backer, who blasted Obama's bank tax in January 2010 as a "guilt tax," once called Obama's carbon tax idea "regressive" and this month denounced Obama's obsession with corporate jets.
Unemployment is the number one concern of all Americans. It doesn't matter if you are a young adult looking for a job, one of the 9.1% of Americans who are unemployed, a CEO of a small or large business, or employee of giant corporation or a small business, unemployment affects you, your family and friends and ultimately our country.  
Its becoming increasingly clear that America needs Mitt Romney.  He is someone that everyone can rally around. The employed, unemployed and job creators can unite around Mitt Romney.  He knows why business are crucial to America's strength as a nation and how government can have a positive or negative influence on job creation. Governments don't create jobs. They can only create an friendly or hostile atmosphere that either encourages or discourages business activity.
That's why job creators and innovators can easily get behind Mitt Romney in this election because he shares the same frustrations that they do. By creating a pro-business environment for CEOs and entrepreneurs, they can start hiring people. This concept is something Obama doesn't understand. To reduce unemployment, you have to support businesses in creating wealth and jobs, not chastise and belittle them for it. 
Mitt Romney having worked in business offices and in the governor's office, he has seen things from both the business perspective and the government's perspective. As a result, he has necessary experience and knowledge needed to reduce unemployment, stimulate business growth and expansion and make America competitive in the global economy.

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