Tuesday, October 13, 2009

Steve Wynn Crushes Obama Jobs Plan and Strategy (3 parts)


(at 3:05) Chris Wallace: "Unemployment in Nevada is 13.2%. That's the second highest in the nation. Your company, Wynn Resorts, has more than 20,000 employees. Do you see any turnaround yet?"

WYNN: No, in the sense that I think that the priorities of the administration should have been more directly focused on job creation. From the day of the inauguration forward, the priority should have been job creation. And the most powerful weapon and the tool that the government has for that is its tax policy. If the government had used its power to restrain its tax collection they would have given everybody who runs small businesses, large businesses, a chance to hire more people and that could have been done an entirely different way. With eight or $900 billion we could have created four or five million jobs, which would have made a big difference.

Chris Wallace: "So where do you draw the line between the proper role of government in all this and the proper role of the private sector?"

WYNN: Government has never increased the standard of living of one single human being in civilization's history. For some reason that simple truth has evaded everybody. The only thing that creates an increased standard of living is giving someone a job, the demand for their labor -- whether it's you and I, Chris, or anybody else. The people that are paying the price for this juggernaut of federal spending are the middle class and the working class of America. And soaring rhetoric and great speeches with or without a teleprompter aren't going to change the truth, and the truth is: The biggest enemy, the biggest obstacle that working middle-class America has is government spending.

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