Steve Wynn, “Macau and China is stable, Washington is not” as investments (and the jobs that go with it) leave the United States

I never thought the day would come, but China is now a more stable and safer place to invest than here in America.

Steve Wynn is an American casino resort and real-estate developer with a net worth of $1.5 billion dollars. He is widely known for his Las Vegas resorts that include the Golden Nugget, The Mirage, Treasure Island, Bellagio, Wynn and Encore. He would like to invest here in the United States, creating jobs and reducing unemployment…but Mr. Wynn, and most businessmen like him, will not. China, that’s where the jobs will be created now.

“Macau has been steady, the shocking, unexpected government is the one in Washington, that’s where we get surprises every day, that’s where taxes are changed every five minutes, that’s where you don’t know what to expect tomorrow,” says Mr. Wynn.

In this scalding rant on the Obama administration, Mr. Wynn reaffirms “regime uncertainty,” a topic I discussed in a post you can find by clicking here. Like many other investors, Mr. Wynn has chosen to invest his time and money in Macau and China, as the United States has simply become too politically unstable and unfriendly to business and investors. No investment means no new jobs.

Obama has banned offshore oil drilling for six months, imposed new taxes and regulations on businesses, burdened those same businesses with his health care reform bill, strapped the American consumer with higher taxes and lower incomes, is destroying the dollar, rapidly expanding the national debt and increased the strength of organized labor.

Businesses and investors in the U.S. are paralyzed.

The unpredictability of government due to Obama makes any investment in America a risky one. So investments, and the jobs it creates, will simply leave America for greener…more stable pastures, like China.



Categories: Government Failures

Tags: , , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Our Town Tustin

Blogging political discourse in Tustin, CA

Watchdogs of Our Freedom

WOOF! Counter-revolutionary commentary for our times.

The Grey Enigma

Help is not coming. Neither is permisson. - https://twitter.com/Grey_Enigma

Atridim News Journal

Captain Rick reports quality news of local and global importance

Desert Musings

A REALISTIC look at the world through the eyes of a sane person

Watching A Wreck

America Has Jumped the Track

99% Boston

"we shall be as a city upon a hill"

zalainacarp's Blog

A fine WordPress.com site

GIOSON.75

ÂM NHẠC LÀ SỨC SỐNG CỦA MỌI TÂM HỒN

Shop Mỹ Phẩm - Nước Hoa

Số 7, Lê Văn Thịnh,Bình Trưng Đông,Quận 2,HCM,Việt Nam.

Yes or No on Measure K?

An objective exercise in seeking the facts.

Utopia - you are standing in it!

Celebrating the flourishing of humanity through the spread of capitalism and the rule of law

Notes On Liberty

Spontaneous thoughts on a humble creed

Arlin Report

COMMENTATOR FOR ALL.......SENIOR CITIZENS INFO

Lynette Noni

Embrace The Wonder

Professional Troublemaker

 Jonathan Corbett, Civil Rights Advocate

Dan from Squirrel Hill's Blog

Just another WordPress.com weblog

A Time For Choosing

Just another WordPress.com weblog

the muttering retreat

"I went out walking.....with a bible and a gun" - Johnny Cash

%d bloggers like this: