Steve Wynn: Fear of Obama Killing Jobs

Vegas entrepreneur Steve Wynn says he, and other investors, are holding their cash on the sidelines because they're scared of the government.

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.

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.

The Democratic talking point to rebut this is to say no, the reason business isn't hiring is because there is no demand. But that's a confession of failure, as the purpose of the trillions of dollars of stimulus was to create demand and jumpstart the economy.