Joe Weisenthal has the commentary, "Wynn CEO Goes On Epic Anti-Obama Rant On Company Conference Call." And the full transcript's at Seeking Alpha, "Wynn Resorts' CEO Discusses Q2 2011 Results - Earnings Call Transcript":
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, "Oh 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 or 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 to 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.
We should all have poor Mr. Wynn's business problems. Obama has also lowered small business taxes 17 times.
ReplyDeleteWynn Resorts (WYNN) Q2 2011 Earnings Call July 18, 2011
Stephen Wynn
Well, usually, we always say the same thing, the numbers speak for themselves. We had a great first quarter, the best in our history. And we went through it — we were just around $400 million in the first quarter. We are $447 million this time, and that quarter was about 59% better than a year ago. And in fact, for the 6 months, we’re 62% better than a year ago. We are all, in this organization, heartened by the results.
On January 3, — excuse me, on July 3, I got a phone call. I was in a different city from my colleague, Marc Schorr, and he told me that on the third day of July, we equaled in Las Vegas, our cash flow, our profits of the entire year of 2010. That was a very supercharged thing to hear, but we did $271 million last year and we hit $271 million on the third of July. So for the balance of the year, everything from here on in, in Las Vegas is improvement. And we benefited from a very favorable whole percentage.
We should all have poor Mr. Wynn's business problems. Wynn is the second highest paid CEO in the country. Obama has also lowered small business taxes 17times.
ReplyDeleteWynn Resorts (WYNN) Q2 2011 Earnings Call July 18, 2011
Stephen Wynn
Well, usually, we always say the same thing, the numbers speak for themselves. We had a great first quarter, the best in our history. And we went through it — we were just around $400 million in the first quarter. We are $447 million this time, and that quarter was about 59% better than a year ago. And in fact, for the 6 months, we’re 62% better than a year ago. We are all, in this organization, heartened by the results.
On January 3, — excuse me, on July 3, I got a phone call. I was in a different city from my colleague, Marc Schorr, and he told me that on the third day of July, we equaled in Las Vegas, our cash flow, our profits of the entire year of 2010. That was a very supercharged thing to hear, but we did $271 million last year and we hit $271 million on the third of July. So for the balance of the year, everything from here on in, in Las Vegas is improvement. And we benefited from a very favorable whole percentage.
Paine, you're just another Progressive who seeks to jam your socio-economic morality down our throats ... even when it makes America worse off.
ReplyDeleteIt really doesn't matter if he's lowered small business taxes (and I'd wager that, like those other "Obama tax cuts" outside of continuing Mr. Bush's, those cuts really don't amount to anything significant in terms of sustained lowering of the tax burden) ... he and his Congressional Clown Posse can RAISE them just as fast, as long as they can persuade enough RINOs to go along with them ... and continuing the spending/vote-buying binge they have been on will be a powerful motivation to do just that.
The fear that Steve Wynn is talking about has been the driving force in the business community since EARLY 2007 ... when the cash-cow milkers took over the Legislative Branch barns.
Take a look at total employment in that time frame, you will see that it steadily grew after the Bush Tax cuts ... until it ABRUPTLY stopped ... guess when?
http://www.agoyandhisblog.com/2010/03/26/every-picture-tells-a-story-dont-it/
Check out the employment graph at the link above ... as well as the other graphs that illustrate how "blaming Bush" is such a fallacy.
Mr. Obama, Ms. Pelosi, and Mr. Reid ... and the hardcore Progressive Left they listen to ... OWN this economic malaise.