Steve Jobs Warned Obama of a One-Term Presidency
With Steve Job’s biography hitting the bookshelves, salacious excerpts have begun to be leaked to the press; including a revelation that the late Apple CEO once told U.S. President Barack Obama he was “headed for a one-term presidency.”
Walter Isaacson’s authorized account of Jobs’ life goes on sale Oct. 24. The book is based on more than 40 interviews with Jobs and over 100 additional discussions with family members, friends, adversaries, competitors and colleagues. Isaacson chronicles “the roller coaster life and searingly intense personality of a creative entrepreneur whose passion for perfection and ferocious drive revolutionized six industries: personal computers, animated movies, music, phones, tablet computing and digital publishing,” according to a Simon & Schuster summary of the book.
Jobs: “You’re heading for a one-term presidency.”
According to the Huffington Post, Jobs’ warning to Obama came during a meeting in San Francisco that Jobs took five days to agree to attend. He told Obama the U.S. wasn’t business-friendly enough, citing over-regulation and unnecessary costs. Jobs also said the U.S. education system was “crippled by union work rules” and school principals should be allowed to hire and fire teachers based on merit. Schools should also stay open until 6 p.m. and be in session 11 months of the year, an extensive blog post stated.
Isaacson also relates that Jobs was not very impressed with Obama and said the president’s focus on the reasons things can’t get done infuriated him. Despite this seemingly fractious relationship, Jobs offered to help create Obama’s 2012 political campaign ads.
Jobs on Bill Gates
The book excerpts published by the Huffington Post also indicate Bill Gates was fascinated by Jobs but found him “flawed as a human being” as he was “either in the mode of saying you were shit or trying to seduce you.”
Jobs was equally caustic in relation to Gates, saying: “Bill is basically unimaginative and has never invented anything, which is why I think he’s more comfortable in philanthropy than technology. He just shamelessly ripped off other people’s ideas,” the Huffington Post article stated.
Jobs on Dying
Jobs’ recent death was attributed to a rare form of pancreatic cancer that ravaged the Apple CEO’s body. After an initial diagnosis, Jobs waited nine months before surgery because he felt homeopathic remedies would cure him. Isaacson touches on the late days of Jobs’ life and regrets he had regarding the illness.
In a 60 Minutes interview, Isaacson said he thought Jobs felt if something was ignored it would go away with “magical thinking.” Of Jobs’ pending death, Isaacson said, “He wanted to talk about it, how he regretted it… I think he felt he should have been operated on sooner.”
Chairman of Obama’s Job Council to Create New Jobs…In China?
But, you know, at least they weren't Green Jobs...Yet...From Boston.com :
General Electric Co.’s health care unit, the world’s biggest maker of medical imaging machines, is moving the headquarters of its 115-year-old X-ray business to Beijing.
The headquarters will move from Wisconsin amid a broader plan to invest about $2 billion across China, including opening six “customer innovation’’ and development centers.
The X-ray business, whose financial results aren’t reported separately by GE, will hire 65 new engineers and support staff at a new Chengdu facility, the company said. GE has hired “a large number’’ of engineers who are in training, LeGrand said. GE, based in Fairfield, Conn., also has a global research center in Shanghai.
If you recall, GE's CEO, Jeff Immelt, is the Chairman of President Obama's Job Council; a group committed to creating new jobs. But who knew they were talking about creating jobs overseas? Especially considering all of the Sturm-und-Drang one hears about "outsourcing jobs" coming from "Big Labor", one of Obama's vital constituencies, and indeed from the entire progressive left in general whenever the opportunity presents itself.
Look. I've been a free-trading free-market guy all my life; in my opinion any business can do business wherever they'd like. But really, above and beyond the irony of this story and its concomitant sweet, sweet, schadenfreude there are more important points to be made here.
First and foremost, Americans will not be getting these jobs. Good Jobs. High-tech, high paying jobs. The ones the transnational globalists always said we'd retain here, so it was OK to shop all of those nasty ol' smokestack industry jobs to the developing nations. And what should be important to the DC politicians is that now they'll be missing out on the tax revenue from these jobs and the associated supply chain activity. But wait, there's more.
See, what most people don't realize are the details of the Faustian bargain that must be made by any US businesses that wants to set up shop in China. In most cases they have to cede 51% of the ownership to a Chinese partner, so Hello, GE shareholders-any objections to this? But far worse is that they have to agree to transfer both the device's operating technology and the expertise associated with manufacturing it to China as well; in other words they're not allowed to just ship the parts there to be assembled, and import tech's to service the units sold.
And really it's the technology transfer, both electronic as well as industrial process related, the Chinese crave. That way they can be saved the taxing step of actually buying enough units to successfully reverse engineer the device, and associated process, themselves; just ask the Russians about the SU-27 and SU-33 military aircraft. For a while the Chinese built them under Ukrainian license, (which the Russians protested-they knew better), for a while, and then they simply stopped paying the license fee, renamed the airplanes, and that was all there is to that.
People may think this imaging technology to be a benign transfer at best; which, Bill Clinton thought the same about missile guidance technology transfer to China in the 90s. We can see today how that's worked out for us...
The same technology that allows for the 3-d imaging of babies in the womb, on a different scale, has applications underwater, which is all I'm going to say about that...
The Chinese are our "frienemies" at best. Their aggressive, mercantilistic, monetary policies have cost Americans untold numbers of jobs. We are indirectly paying for their defense expansion and modernization via our monthly trade deficit with them, which most months is equal in magnitude to the amount of money we send overseas to pay people who hate us for oil (we could be producing here). It's bad enough we're paying for their military build-up. Let's not give them technology that may be useful in doing so to boot!
What do you think, kind reader?
[Cross posted at The Conservatory]
Congress Deluged With Telephone and E-Mail Traffic: add yours to the mix
Which, Mr. Obama asked the American people to weigh in on the debt ceiling increase debate, and it looks like they're taking his suggestion under serious consideration:
Congressional offices were deluged with feedback Tuesday after President Obama urged Americans to make their voices heard on the gridlocked debt ceiling debate.
Moments after dueling prime-time speeches by the president and Republican Speaker of the House John A. Boehner on Monday night, several congressional websites were overloaded with traffic. A day later, some were still slow to load, if they did at all.
On Tuesday morning, the Capitol call center said in a memo that House telephone circuits were "near capacity" due to the high volume of incoming calls.
A spokesman for the office of the chief administrative officer said that at the peak, House offices received a combined 40,000 calls in an hour — twice the typical volume. Some callers got a busy signal, but the number was not significant, spokesman Dan Weiser said.
A spokeswoman for Rep. Dana Rohrabacher (R-Huntington Beach) said the phones in his Capitol Hill office were "ringing off the hook" at midmorning. Calls included a lot of "scared seniors," the spokeswoman said, adding that Rohrabacher believes the administration has misled seniors into believing their Social Security checks are at risk.
The calls, mostly from outside the congressman's district, favored the president's position, "but not by much," she said.
It's good to see folks actually paying attention to, as well as participating in, this debate, and I would urge all our readers to do so as well. I realize that with plans changing on a daily basis, and ideas being alternately talked up and shot down on a variety of outlets, that the idea of calling the members of their Congressional delegation without a specific proposal to support may seem like so much unproductive complaining.
Which, your humble scribe has some advice and a few suggestions to offer regarding that. Don't ever be hesitant to contact your Senator, Congressman, or even the White House and simply voice your opinion on the issues of the day. Always remember the fundamental American principle of our founders; the right to govern comes from the consent of the governed. And although there are many, in my opinion, arrogant individuals who mistakenly contended during the Obamacare debate that this consent began and ended at the ballot-box alone, it is much closer to the truth to say that political speech is the most protected of first amendment "free-speech" rights; so never shrink from engaging in the time-honored American tradition of telling elected officials just exactly what is on your mind.
Although right now there may seem to be no conservative plan to get behind and demand your delegation vote for, you can certainly let them know what you don't want them to vote for. For instance, it is my considered opinion, as well as Paul Ryan and others smarter'n me, that Senator Reid's plan is rife with the usual Washington smoke and mirrors, and that it also proffers additional, real, defense cuts I believe would harm the effectiveness and readiness of our military. So one course of action could be to express your dissatisfaction with Reid's plan as a whole, or to make clear any of the specific parts you disagree with.
And even though members of your Congressional delegation can't necessarily do anything about it, you might also considering expressing your unhappiness with the Democrat's "Mediscare" tactic of frightening senior citizens via the class-warrior assertion that the GOP is wantonly holding their Social Security checks hostage in the interest of benefiting "Big Oil!", and, "Corporate Jet Owners!". There's also the matter of the administration's constant media drumbeat about the coming US default, at odds completely with what they are telling banking and finance executives via the back channel; a direct and boldfaced lie that you may wish to call out the most ETHICAL! and TRANSPARENT! administration, EVAR! on. In fact, these just might be good topics to voice your displeasure with directly to the White House . I mean, Mr. Obama's the one who asked everyone to contact DC, right?
You may be asking, "why should I bother to contact DC"? The reason is pretty straightforward, and as usual with the Obama administration is all about the optics.
Mr. Obama is attempting to use a technique that Mr. Reagan used effectively several times in the 1980s; having the American people directly pressure their Senators and Congressman. Since part of the narrative construct that is Barack Obama is that, somehow, he is more beloved and an even better communicator then Reagan ever was, there is going to be an urgent need for his solicitation of the public to succeed; to be the biggest and bestest ever(!11!1!eleventy!!). To that end one can expect that all the Fightin' Nutroots, Obamabots, and assorted electronic brownshirts will be out trying to "freep" the results; just as they did with every high-visibility poll and media event during the 2008 campaign. They're going to try to sway the opinion of both Congress and the public at large by making it appear as if all America is behind beloved President Obama...
That's why it's vital that each of us make our preferences, and feelings, known. Do like they do in Illinois; vote early, and often :)
Seriously, America needs her patriots to make their voices heard above the shrill professional left. I urge you to add yours to the chorus of others. Don't let the nutroots reward Obama's "Days of Whine and Poses".
Here's a list of Senate Contact information, of House of Representatives Contact information, and White House Contact information. Please, kind reader, make the call or send and e-mail.
[Cross posted at The Conservatory]
Spokestool Jay Carney: Asking To See Obama’s Plan is a GOP Talking Point
Or alternatively, he doesn't want to put it out there because it will become "politically charged"; so says the man who's boss has threatened to veto the Boehner plan, draped himself in the mantle of Reagan by misappropriating one of the Gipper's quotes out of context, and demanded that Congressional leaders "compromise"-by accepting the Democrats debt ceiling increase plan-all within the last 24 hours.
From Greg Hengler at Townhall:
Chip Reid is the first to ask Carney about Obama's plan: "Why not put it out there?" Reid also asks: "What was the point of giving a prime time address to the nation without an Obama plan?"
Next, Chuck Todd doubles down on Reid's challenge and causes Carney to stutter a bit. After Todd's feisty challenges, a reporter named Carol triples down on the press's "show us the plan" challenge to Carney and Obama. The scene is ugly and unpleasant--if you're on Team Obama.
After all the hemming and hawing from Carney over Obama's so-called plan, we learn that he really doesn't have one "because we want a result." Go figure.
He has a plan but not really. Truly Orwellian...
And ACE calls a spade, a spade :
It's pretty interesting-- the press room jeers in protest when Carney suggests they skipped out of town early on Friday, when he claims the President clearly outlined his "principles."
His "principles." Still not his "plan."
As the CBO said, "We can't score speeches."
Really worth viewing. It's interesting that media is finally starting to chafe under Obama's arrogant reign. Really, really worth watching. The press (particularly Todd and Jake Tapper) will not ease up on Carney over the administration's utter failure to produce a plan.
Hmmm... Obama insists that the debt deal must carry him to January 2013, and here Carney repeats that the President also insists that no tax hikes will go into effect before January 2013.
Is there some economic importance of this January 2013 date?
And AllahP recounts the musing of Steve Hayes:
Steve Hayes notes that it wasn’t so long ago that Obama’s press secretary was mocking the GOP at the podium as “the party of no ideas” for producing a brief budget framework instead of a detailed plan. Fast forward two years and, with the alleged economic apocalypse nearly upon us, we’ve got a different press secretary insisting that O doesn’t need to float a plan because he once gave a speech or something. Good times, good times.
What's black, is white; Up is down; etc. Check out video at any of the links, at savor the squirming of O!'s minion in service to The Won.
[Cross posted at The Conservatory]
Senior Banking Officials Confirm That O!ministration’s Talk of Default is Blatant Fearmongering
Because through back channels the administration is going out of their way to assure banks that a default just isn't happening. From Charles Gasparino at Fox Business:
While officials from the Obama Administration raised their rhetoric over the weekend about the possibility of a debt default if the debt ceiling isn't raised, they privately have been telling top executives at major U.S. banks that such an event won’t happen, FOX Business has learned.
In a series of phone calls, administration officials have told bankers that the administration will not allow a default to happen even if the debt cap isn't raised by the August 2 date Treasury Secretary Tim Geithner says the government will run out of money to pay all its bills, including obligations to bond holders. Geithner made the rounds on the Sunday talk shows saying a default is imminent if the debt ceiling isn't raised, and President Obama issued a similar warning during a Friday press conference after budget negotiations with House Republicans broke down.
A senior banking official told FOX Business that administration officials have provided guidance to them that even though a default is off the table, a downgrade "is a real possibility for no other reason than S&P and Moody's have to cover (themselves) since they've been speaking out on the debt cap so much."
This guidance is a big reason why Wall Street has largely dismissed the possibility of default, and though the markets have been jittery amid the talk of default, they haven't imploded as would be the case, many economists fear, if the nation missed a payment on its debt.
The banking official said the administration understands that if there were to be a default, it would likely spark another financial crisis.
"They also know they can pay the debt with cash on hand," this official told FOX Business. The Treasury collects around $2 trillion in tax revenues, and is scheduled to pay out $200 billion in interest to bond holders. In order to meet its obligations to contractors, social security recipients and others, the administration would have to raise another $1 trillion either through cuts, higher tax revenues, the issuance of debt or a combination of all three.
So if this is the case, how much credibility can be put into the Treasury Secretary's words? And what of the President himself? Are we to assume it's merely a white lie, to help move the debt ceiling negotiations along at the pace he prefers? Or as some have suggested it is part of a much larger, more cynical plan to pin the blame for the bad economy on the GOP; that next year he'll counter assertions that he has been a poor steward of the economy by counter-asserting that everything was fine until the Wingnut Tea-Baggerz wrecked it with their irresponsible demands during the debt ceiling increase debate.
What this does seem to indicate is that there is more breathing room for negotiations that Mr. Obama or the Democrats want to admit, and that they're more than willing to frighten the public in order to advance their political agenda. Which, if you recall, was one of Obama's major, damning, criticisms of the GOP during the campaign of 2008; their willingness to engage in fear-mongering to divide the American people. Not to mention their most recent mediscare demagoguery...
But is any of this really shocking, coming from the crew that subscribes to the maxim, "BY ANY MEANS NECESSARY!"
What do you think, kind reader?
[Cross posted at The Conservatory]
Is The President a Pathalogical Liar?
Uncle O! wants YOU! to believe whatever he says
To which I respond all of the usual and customary replies to any uber obvious question; is the Pope Catholic? Does a bear, well, you know...
The Washington Times' James Curl:
In the weird world that is Washington, men and women say things daily, hourly, even minutely, that they know deep down are simply not true. Inside the Beltway, we all call those utterances “rhetoric.”
But across the rest of the country, plain ol’ folk call ‘em lies. Bald-faced (even bold-faced) lies. Those folks have a tried-and-true way of determining a lie: If you know what you’re saying is patently false, then it’s a lie. Simple.
And lately, the president has been lying so much that his pants could burst into flames at any moment.
His late-evening news conference Friday was a tour de force of flat-out, unadulterated mendacity — and we’ve gotten a first-hand insider’s view of the president’s long list of lies.
Curl goes on to provide a first-class "fisking" of Mr. Obama's Friday afternoon press conference foot-stamping temper tantrum. As we often say, read the whole thing...
[Cross posted at The Conservatory]
Did Obama Just Take Ownership of the Debt Ceiling Debacle?
If WaPo's ersatz "conservative" Jen Rubin's reportage is correct then it would appear he indeed has:
A Republican aide e-mails me: “The Speaker, Sen. Reid and Sen. McConnell all agreed on the general framework of a two-part plan. A short-term increase (with cuts greater than the increase), combined with a committee to find long-term savings before the rest of the increase would be considered. Sen. Reid took the bipartisan plan to the White House and the President said no.”
If this is accurate the president is playing with fire. By halting a bipartisan deal he imperils the country’s finances and can rightly be accused of putting partisanship above all else. The ONLY reason to reject a short-term, two-step deal embraced by both the House and Senate is to avoid another approval-killing face-off for President Obama before the election. Next to pulling troops out of Afghanistan to fit the election calendar, this is the most irresponsible and shameful move of his presidency.
[emphasis-ed]
I personally am not as surprised as Ms. Rubin by the President's behavior, because for all his palavering on about a willingness to be satisfied with being a good one-termer who accomplished some of what he wanted than with playing politics in the interest of being re-elected, in my humble opinion every act he's made, decision he's taken, and word he's spoken has always been about holding on to power as long as possible.
Now as this is the only place I've seen this so far, it's hard to tell if it has legs, will be buried by other developments later today, or will simply be embargoed by Obama's campaign arm in the fourth estate. We'll have to see.
But if it does get more widespread circulation, then it will pose a serious problem, politically, for the self-professed MOST POST-PARTISAN PRESIDENT, EVAR!, since it will at once put the lie to that grand meme as well as some other longstanding facets of the narrative construct that is Barack Obama, such as his Brilliance!, Judgment, and Superior Temperament!
Additionally it may drive a wedge between Congressional Democrats and The Won on this particular issue. Many of them have run for years on platforms promising fiscal responsibility and balancing our national budget, and they can read the polls showing that the American people prefer to do something about the budget at this juncture; and by "doing something" don't mean raise taxes.
Congressional Democrats have a decision to make. Do they essentially tie their 2012 electoral fortunes to Mr. Obama by backing his play on this issue, and allow GOP challengers to continually point out their disingenuousness on this matter as being indicative of their candor as a whole and specifically seriousness to rein in DC spending, or do they live up to their promises, pass the bill, and send it to the President for signature or veto. I say call his bluff, because he doesn't dare throw all of Congress under the bus on this, and overtly take ownership of the issue.
Of course, those of us who pay attention have been aware of his ownership of the debt for sometime; it doesn't take a rocket-scientist to see the slope on this graph and understand who's exploded the US national debt faster that any other President in history.
What do you think, kind reader?
[UPDATE]: Byron York at The Washington Examiner corroborates Rubin's source's story.
And Juice-Box Mafiosi Ezra Klein laments that, "The Republicans have won!", and searches for a silver lining for the Democrats while presenting a time line that will convince the "Fightin' Nutroots" that their pols didn't go down without a fight.
[Cross posted at The Conservatory]
Palin RIPS Obama regarding His Petulant Presser
Like many of us, Sarah Palin seemed to be taken aback a bit by Obama's press conference today following Speaker Boehner's withdrawal from the debt ceiling negotiations. You know, the one where he summoned Congressional leaders to the White House tomorrow (Saturday 7/23) morning, and where he displayed more of his SUPERIOR TEMPERAMENT!; typical, nay classic, Obama- sanctimonious, disingenuous, demagogic, self-righteous, and arrogant...
This is the same president who proposed an absurdly irresponsible budget that would increase our debt by trillions of dollars, and whose party failed to even put forward a budget in over 800 days! This is the same president who is pushing our country to the brink because of his reckless spending on things like the nearly trillion dollar “stimulus” boondoggle. This is the same president who ignored his own debt commission’s recommendations and demonized the voices of fiscal sanity who proposed responsible plans to reform our entitlement programs and rein in our dangerous debt trajectory. This is the same president who wanted to push through an increase in the debt ceiling that didn’t include any cuts in government spending! This is the same president who wants to slam Americans with tax hikes to cover his reckless spending, but has threatened to veto a bill proposing a balanced budget amendment. This is the same president who hasn’t put forward a responsible plan himself, but has rejected reasonable proposals that would tackle our debt. This is the same president who still refuses to understand that the American electorate rejected his big government agenda last November. As I said in Madison, Wisconsin, at the Tax Day Tea Party rally, “We don’t want it. We can’t afford it. And we are unwilling to pay for it.”
Now the President is outraged because the GOP House leadership called his bluff and ended discussions with him because they deemed him an obstruction to any real solution to the debt crisis.
He has been deemed a lame duck president. And he is angry now because he is being treated as such.
His foreign policy strategy has been described as “leading from behind.” Well, that’s his domestic policy strategy as well. Why should he be surprised that he’s been left behind in the negotiations when he’s been leading from behind on this debt crisis?
Thank you, GOP House leaders. Please don’t get wobbly on us now.
2012 can’t come soon enough.
[emphasis-ed]
Which, I don't think I can, or should, add anything of substance here except for a hearty "Amen!" But for your enjoyment, I'll throw in a link to Protein Wisdom; one where Darleen provides us video of Charles Krauthammer's delicious take on the President's presser. It's worth a few minutes of your time.
What is your opinion, kind reader?
[Cross posted at The Conservatory]
Senator Jeff Sessions: it’s past time for Obama to put his debt plan on the table
Barack "L'etat c'est moi!" Obama
Which he's speaking about a debt reduction plan. Because everyone's already seen the President's plan to increase our debt; that would be the risible "plan", that was not really a plan but a speech, that the MBM allowed him to palaver on about in April in a press op that was more about ripping Paul Ryan and his Roadmap for America,that had been released the day before, than about presenting a serious budget to the American people. From Sessions' Senate website:
After my staff and I have had additional time to analyze the summary, even more questions and concerns have arisen. Serious flaws have been identified.… The production of the Gang’s summary at the last minute also underscores my severe concerns over how this process has unfolded… Senate Democrats and the White House have fiercely resisted formulating an actual debt plan at every step of the way. Instead, the president has pushed for secret meetings—avoiding the public accountability of putting a plan to paper—followed by press conferences at which he asserts his support for broad deficit reduction even when no such plan has been written. The real bluff from the president is the idea that a White House deficit reduction plan exists. It’s time for the White House to lay its cards on the table.
The production of the Gang’s summary at the last minute also underscores my grave concerns over how this process has unfolded. The Republican-led House has fulfilled its responsibilities. The Republican-led House passed a budget more than three months ago. The Democrat-led Senate, by contrast, has refused to pass a budget in 812 days, and refused to make one public this year. If they had presented a budget in public, in the open, we wouldn’t be in the situation we are in right now. The president presented a budget in February, meanwhile, that would have added a stunning $13 trillion to our debt. That remains the only plan he has ever put on paper.
Senate Democrats and the White House have fiercely resisted formulating an actual debt plan at every step of the way. Instead, the president has pushed for secret meetings—avoiding the public accountability of putting a plan to paper—followed by press conferences at which he asserts his support for broad deficit reduction even when no such plan has been written. The real bluff from the president is the idea that a White House deficit reduction plan exists. It’s time for the White House to lay its cards on the table.
[emphasis-ed.]
Sessions makes a good point. The Cut, Cap, and Balance plan passed by the House of Representatives is the only plan that's on the table in writing right now; not to mention that it is a viable piece of legislation waiting for a vote in the Senate. Make no mistake, no matter what anyone thinks of the McConnell "plan B" compromise, Coburn's own plan, or the outline of intent put forth this week by the erstwhile "Gang of Six", they are merely frameworks at best.
Once again the President has been leading from behind, and that's not cutting it for a pressing matter that may be disastrous if not addressed. Instead of trying to "stay above the fray" and appear Presidential, Obama need to actually be Presidential . This isn't like when he was at the Harvard Law Review, or frankly like most of his career in public life; he can't sit back, wait for others to do the heavy lifting for him, and appear at the last minute to take credit .
Try being a leader for a change. Put the dang plan on the table, Mr. President.
I urge all our readers to e-mail or call the White House and give voice to this sentiment.
[Cross posted at The Conservatory]
EPIC RANT: O!ministration is greatest impediment to businesses creating jobs
Delivered by hotelier Steve Wynn, CEO of Wynn Resorts, in an earnings report conference call conducted this week. During the call, where the questions varied from inside-baseball share price and profit matter to the overall outlook for the market's his company has properties in, Mr. Wynn called out the Obama administration for being, "The Greatest Wet Blanket To Business And Job Creation In My Lifetime". Here's a taste from the transcript:
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 this debt ceiling issue. And what I consider to be a total lack of leadership from the President, and nothing will 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 three hours giving you examples of all of us in this marketplace that are frightened to death about all the new regulations, our health care costs escalate. Regulations coming from left and right. A President that seems, you know -- 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're 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 you know, a lot of people don't want to say that. They 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's ought to do something to businesses that don't invest, they're holding too much money. You know, we haven't heard that kind of money except from pure socialists.
Everybody is afraid of the government. And there's no need -- there's no need, you know, soft pedaling it. It's the truth. It is the truth. And that's true of Democratic businessmen, and Republican businessmen, 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 is going to be sitting on their thumbs.
[emphasis-ed]
Wow...Pretty brutal stuff, eh? Brutally honest, that is... The full transcript is posted at Seeking Alpha. And RCP has audio of the rant posted as well, if you'd prefer to get the full flavor that his tone of voice imparts to the verbiage.
Oh, and as an aside, when Wynn compares the administration to straight up socialists he's speaking from experience; in the call he mentions that it's his companies 5th year operating a casino in Macau; the property with the greatest growth prospects in his organization right now. For the geographically challenged among us, Macau is located in Communist China.
Although a long outspoken critic of the administration's regulatory policies and general business unfriendliness, it's nothing new. Other prominent businessmen such as Mort Zuckerman, no wingnut by any stretch of the imagination, has made many similar points, albeit couched in less strident language, for some time. Indeed, Mr. Obama's class warfare schtick seems to be wearing a bit thin on even his old pal Warren Buffet.
It's painfully clear to all but the most partisan kool-aid drinkers that this administration's economic initiatives have failed miserably, as many knew they would being mere re-runs of past failed progressive policy prescriptions. And the breadth and magnitude of this failure really calls into question whether the President want the economy to recover, or would prefer the crisis environment, such being more conducive to implementing his radical transformative agenda under the guise of it being urgently necessary for the good of our nation. Given that he's clearly pursuing such a strategy in the current debt talks, it's getting increasingly more difficult to extend him the benefit of the doubt, and assume he has nothing but good intent, with respect to his larger social and economic agenda.
[Cross posted at The Conservatory]
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