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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: KLP who wrote (328995)	10/14/2009 1:49:31 PM
From: Sdgla	Read Replies (1) \| Respond to of 793955

If this is good government I'm Mary Popins Cant be anymore succinct than that.

To: KLP who wrote (328995)	2/26/2010 2:56:17 PM
From: KLP	5 Recommendations Respond to of 793955

Rush mentioned this today: Steve Wynn Blasts Obama On Wynn Resorts’ Feb 25th’s earnings call, CEO Steve Wynn blasted the Obama administration and Congress for anti-business policies and destructive tax policies. A professional CEO’s atypical engagement in political discourse on an earnings call speaks to the extent of the problem with the Obama-Pelosi-Reid leftist triumvirate. Here is an excerpt of the call. It’s one of Wynn’s answers to an analyst question. [A - Stephen Wynn]: …. Job formation and the kinds of companies that make jobs are under attack in the United States of America. You know, MGM aside for a moment. Last year we created almost 5,000 jobs and immediately became the target of the administration. Businesses that created jobs, let alone gaming companies that created jobs, had to be no good. I mean, it is preposterous that businesses are under attack in the United States of America. Anybody that makes over $250,000 in the form of a personal income tax return is now, by Washington definition, a rich person, when everybody who has got a college degree knows that the personal income tax rate in the United States of America is the business tax of America. Every subchapter S, every individual proprietorship and every partnership in the United States of America files tax returns as individuals, and when they do, and they show that they made 2 million or 3 million or, God forbid, 4 million, they pay the income tax rate; they deduct their working expenses, their living expenses; and then they invest in a new store, a new shop, and most of the time 25% of their profits, quote, unquote, are tied up in accounts receivable or inventory. But all of the sudden, all of those people who make over 250,000 are rich folks to be fleeced. And if that’s job formation stimulation in America, I’m Mary Poppins. And if I sound angry about it and disgusted, I am disgusted and angry at the apparent ignorance of the administration and the Congress to recognize the fact that the individual tax rate in the United States of America is, in fact, a business tax of America. And if you keep banging on that, you will destroy the incentive for job formation in the United States of America. And that’s simple truth, simple truth. And whether politicians like it or don’t like it means nothing to me. And that’s why I’m pessimistic about Las Vegas because those are our customers. Those people out there hustling their business, and God forbid, showing that they made a million dollars as a partnership or as an individual. Yes, they’re the enemy now. They’re the rich folks. Well until we get over this, America’s in for hard times because what’s going to happen is the people that are going to suffer from what’s going on are the working class of America. My 15 or 20,000 employees, they’re the ones that are in trouble. The reason they’re in trouble is this demolition of the dollar is going to reduce the buying power of the working class of America as sure as we gave them a salary cut of 25%. And that’s another thing that doesn’t seem to be clear to the brilliant people in Washington, D.C. They’re not just our customers, they are my employees. And until my employees get the drift of what’s being done to them, America’s in trouble. Next question. Posted on: Live Free… or Get Out of the Way Supporting freedom, capitalism, and the individual pries.org