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Steve Wynn: China is Stable, America is Not!
CDS ^ | 6/27/2010 | Chris Banescu

Posted on 06/27/2010 2:00:30 PM PDT by ezfindit

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Every CEO in America should speak out like Steve Wynn!
1 posted on 06/27/2010 2:00:31 PM PDT by ezfindit
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To: ezfindit

What can you expect of a government that is hell bent on destroying the country?


2 posted on 06/27/2010 2:05:34 PM PDT by 353FMG (ISLAM - America's guaranteed road to destruction.)
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To: 353FMG

The Obamanination administration and the DemonRATs are more communist than the Communists!


3 posted on 06/27/2010 2:07:04 PM PDT by ezfindit (ConservativeDatingSite.com - The Right Place for Conservative Singles)
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To: ezfindit

America is entering into a “lost decade”. Barry O and his insane clown posse are killing economic growth for the foreseeable future. Personally I will be investing overseas as much as possible.


4 posted on 06/27/2010 2:08:23 PM PDT by Weird Tolkienish Figure
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To: Weird Tolkienish Figure

Never fear, China’s a house of cards too. America has no monopoly on the inept.


5 posted on 06/27/2010 2:10:07 PM PDT by HiTech RedNeck (I am in America but not of America (per bible: am in the world but not of it))
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To: ezfindit

http://www.youtube.com/watch?v=ovlrsFmrGiI


6 posted on 06/27/2010 2:13:38 PM PDT by Skared2deth
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To: 353FMG

When I make this same point in posts, I am castigated by some Freepers. Of course, I am not a major CEO with direct knowledge of both regulatory environments. I do not have any measure of economic freedom to make an objective comparison. However, I look at the growth in both countries. I see the US languishing in economic malaise while China continues to grow. Of course, China has many problems with property right protections. China does not seem to be at war with capitalists. Although I am not ingrained with Chinese politics, I have never heard of the Chinese equivalent of the Lily Ledbetter law, the Davis Bacon Act, card check, unfunded liabilities for Medicare, Social Security, and federal pensions, the Equal Pay Act, the new Consumer Products Safety Act (with incredible levels of lead testing requirements), Fair Labor Relations Act, third party lawsuits by environmentalists, outrageous punitive damages, ... I realize that China has a labor arbitrage advantage. However, we should be lowering government imposed employment and production costs, streamlining regulations, and simplifying taxation. We are headed in the opposite direction.


7 posted on 06/27/2010 2:18:24 PM PDT by businessprofessor
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To: businessprofessor

“Lily Ledbetter law, the Davis Bacon Act, card check, unfunded liabilities for Medicare, Social Security, and federal pensions, the Equal Pay Act, the new Consumer Products Safety Act (with incredible levels of lead testing requirements), Fair Labor Relations Act, third party lawsuits by environmentalists, outrageous punitive damages, ...”

And AA, companies being forced to pay race pimps money to avoid being called racists, stuff like that too.


8 posted on 06/27/2010 2:21:25 PM PDT by Niuhuru (The Internet is the digital AIDS; adapting and successfully destroying the MSM host.)
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To: ezfindit
Steve Wynn is known for telling it like it is. This is a good illustration.
9 posted on 06/27/2010 2:21:35 PM PDT by hinckley buzzard
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To: businessprofessor

I don’t know who has castigated you in the past, but I’ll sing your praises!

Your post regarding the business climate in China vis-a-vis the United States is spot on. You get an A+ from me!

While the rest of the world runs away from socialism, Barry and his merry bunch of democrats are rushing head first to embrace it. Utter insanity.


10 posted on 06/27/2010 2:32:13 PM PDT by july4thfreedomfoundation (The rallying cry of American patriots.....REMEMBER IN NOVEMBER!)
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To: ezfindit

I LOVE THIS GUY..!!!!!

Did you see the INTENSITY he finished with?

WOW!!!!!


11 posted on 06/27/2010 2:35:20 PM PDT by TokuMei
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To: ezfindit
Wynn is right, the lack of stability is the problem. Business developers need predictability before they will invest billions of dollars and years of time on a new construction project. With the current administration nobody knows what regulatory shoe will drop next.
12 posted on 06/27/2010 2:37:08 PM PDT by Gideon7
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To: businessprofessor

“When I make this same point in posts, I am castigated by some Freepers.”

There are some folks who get their kicks from being argumentative. They’re best ignored.

Part of why FR is great because it is such a free-for-all. The best ideas are fire tested in the crucible.

Your basic theory is sound in my view. While we might not like it, there are other places in the world that are more friendly to business than the U.S.


13 posted on 06/27/2010 2:39:02 PM PDT by RKBA Democrat (How many children are enough? One more....)
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To: ezfindit

Judge Feldman in New Orleans agreed with Wynn when he ruled that the Obama regime’s conduct is “arbitrary and capricious”.

[See Hornbeck Offshore Services LLC v. Salazar, 2:10-cv-01663, U.S. District Court, Eastern District of Louisiana (New Orleans)]


14 posted on 06/27/2010 2:40:04 PM PDT by Skepolitic
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To: ezfindit

bump for later


15 posted on 06/27/2010 2:50:30 PM PDT by goldfinch
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To: businessprofessor

I spend a lot of time with small businessmen and thier comments are they do not know what will be said or done tomorrow. And by tomorrow, I mean the 28th of June. We do not know what these creeps will do.


16 posted on 06/27/2010 3:14:50 PM PDT by texmexis best (My)
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To: HiTech RedNeck

Have to agree. Holding China as a shining example is total folly.


17 posted on 06/27/2010 3:17:21 PM PDT by Carley (For those who fought for it, freedom has a flavor the protected will never know.)
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To: ezfindit

In another 30 years or so reigning Our Great Leader or Great Committee will institute an American Great Leap Forward in an effort to forcibly re-industrialize America.


18 posted on 06/27/2010 3:26:00 PM PDT by arthurus ("If you don't believe in shooting abortionists, don't shoot an abortionist." -Ann C.)
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To: ezfindit

Wow! Awesome!


19 posted on 06/27/2010 4:11:20 PM PDT by my small voice (A biased media and an uneducated public is the biggest threat to our democracy)
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To: businessprofessor

” When I make this same point in posts, I am castigated by some Freepers.”

Yes, you have been, by a bunch of “wannabe” mavens. I have read many of your posts, and with a few minor exceptions, you shine in every one of them.

I have done business all over the UK, and Asia, so I can tell you that Steve Wynn is telling the gospel truth. I was living and doing business in Kuala Lumpur in 2002, when I read in the New Straights Times that Steve was the first American to be granted a gaming lic. in Macau. I knew he would shine there. Now he will relocate there too. (The 22% tax cap doesn’t hurt, either)

America is committing financial suicide right before my eyes. At age 56, I don’t even know my own country anymore.


20 posted on 06/27/2010 5:06:41 PM PDT by stephenjohnbanker (Support our Troops, and vote out the RINOS!)
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