Is the Chinese economy overtaking that of the USA? Well let's see? All the casinos on the Las Vegas strip earned 6.5 billion U.S. Dollars in gambling revenue last year....whereas all the casino's in Macau, China's gambling capital, earned...46 billion U.S. Dollars during the same year. What does that tell us?
Steve Wynn, the developer who rebuilt Vegas in the 1990's, has abandoned all new resort and casino projects in the USA and is focusing on Macau.
http://www.youtube.com/watch?
http://www.businessweek.com/
-macau-is-terrific
http://www.realclearpolitics.
ss_responsible_for_this_fear_
Steve Wynn, CEO of Wynn Resorts, trashed President Obama on a company conference call today. Below are the most damning portions of the call:
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 ceilingissue. 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 usin 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 country 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.
By Epictetus
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