Nothing is as disappointing as when American business leaders cut deals with the Obama administration rather than speak up about the abuse of power in Washington.
Entrepreneur Steve Wynn is a refreshing exception. In an interview with CNBC he doesn’t hesitate to criticize Washington: “Common sense has disappeared in Washington, DC.”
He talks about the unpredictability of the US government when asked about the business climate in Macau, China where he will relocate a portion of his business: “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 we don’t know what to expect tomorrow.”
He is frightened about “the next crazy idea coming from Washington. … The financial institutions, the cars, … the taxes, the health care. Everything is cuckoo in Washington and God knows what’s next.”
Obamacare “is going to produce the exact opposite of what they said. … When demand goes up and the supply of doctors goes down what happens to the price?”
“The uncertainty of the business climate in America is frightening, frightening to everybody. And it’s delaying a recovery. We are on our way to Greece in the hands of a confused and foolish government.”
He quotes Alexis de Tocqueville: “The American system of democracy will prevail until that moment when the politicians discover that they can bribe the electorate with their own money.”
We need more leaders of American businesses like Steve Wynn unafraid to speak out about the frightening developments under Obama’s rule.
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