The Homa Files

Casino mogul Steve Wynn lashed out at Pres. Obama’s anti-business rhetoric and actions.

Wynn’s comments are remarkable for 2 reasons.

First, he’s a Democrat whose family contributed to the Obama campaign and who is a staunch supporter of Harry Reid.

Second, based on my very small sample, he’s speaking for many CEOs who share the sentiments are afraid to speak out for fear of reprisals from an Adminstration that is ready and willing to go directly after industries (think oil companies and tanning salons), companies (think Boeing and Blue Cross of California), and individual CEOs (think Ed Whitacre – who was bounced from GM when he went lukewarm on the Volt).

I doubt Wynn will cause a bandwagon effect of CEO speak-outs … the CEOs will continue to lie low and just keep the lid on jobs …

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Here’s the video and transcript of Wynn’s remarks

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This entry was posted on July 20, 2011 at 7:26 am and is filed under Debt - Deficit, Economy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.