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The Jobless Recovery[Businessman Steve Wynn: Priorities Should Have Been Focused On Job Creation]
FOXNEWS.com ^ | October 11, 2009 | by Megan Whittemore

Posted on 10/11/2009 2:44:51 PM PDT by Son House

Businessman Steve Wynn, Chairman and CEO of Wynn Resorts, agreed the most powerful tool the government has is its tax policy.

"The priorities of the administration should have been more directly focused on job creation from the day of the inauguration forward. That's the thing that changes America," Wynn said.

"If the government had used its power to restrain its tax collection, they would have given everybody who runs small businesses, large businesses, a chance to hire more people," he added.

Wynn claimed, "Government has never increased the standard of living of one single human being in civilization's history."

Republican Gov. Mitch Daniels of Indiana, pointed to his experience of erasing the deficit and creating jobs without raising taxes.

"We're in the middle of the biggest road-building, infrastructure- building, project in state history. We did it without a penny of taxes or borrowing," Daniels told FOX News Sunday.

Top economist Mark Zandi claims the stimulus is working because of the benefits and tax cuts provided to individuals and businesses.

"Of the $787 billion stimulus package, $300 billion of that was tax cuts to individuals and to businesses, Cash for Clunkers, tax credits for home purchases," Zandi said. "Almost every state governor would say that they've been helped by the stimulus quite significantly. They'd be cutting even more aggressively if not for that."

Zandi, who helped Congressional Democrats write the first stimulus, alluded to a possible second stimulus, but favors extending specific aspects of the current plan.

"I think the housing market could also use some more help through an extension of the first-time home buyer tax credit into next year to try to keep this recent stability in housing values permanent," Zandi suggested.

Although according to Zandi, the recession is over.

(Excerpt) Read more at fns.blogs.foxnews.com ...


TOPICS: Business/Economy; Front Page News; News/Current Events; Politics/Elections
KEYWORDS: jobless; recovery; unemployment
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To: classified

“I’m wondering how that Wynn is liking that change?????”

No way that he is liking that change. He’s not.

Steve Wynn is still on TV now on Fox.

He said he created 4,000 jobs in Nevada and the return is not good. He said he never laid a person off, but if Barack & Krew have their way, taxes will go up and things will go ugly.

He’s a bright light. I had never heard him speak before.


21 posted on 10/11/2009 3:26:32 PM PDT by Sparko (Barack Hussein Obama: Mmm, mmm, mmm... Peace Prize. Now no one is equal to Me in My Sight.)
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To: Special Agent Anthony DiNozzo
I couldn't agree more. Not long ago, in March, it was made to be such a HUGE deal when Obama showed up for Columbus' police recruit graduation....patting himself on the back, he was....then this:

"It was a success story the White House was eager to highlight: Earlier this year, President Obama attended the graduation of 25 police recruits in Columbus, Ohio, touting it as a victory for the federal stimulus package. On March 6 in Columbus, Ohio, President Obama touted the jobs the stimulus plan would save.

Without the money, the officers never would have hit the streets. They were to be laid off before their first day of patrol, victims of city budget cuts, until the stimulus money saved the class.

But the White House said the $1.2 million grant only guaranteed their jobs until the end of the year. And facing a growing deficit and a fight to pass an income tax hike, Columbus Police on Tuesday announced massive budget cuts that could mean hundreds of layoffs.

Among those who could lose their jobs if voters reject the increase: the 25 new officers who shook the president's hand.

Despite optimistic national headlines on March 6, the day of the president's trip, city officials warned the influx of federal stimulus money wasn't going to be enough to end their financial crisis.

Obama acknowledged in his remarks the money was no silver bullet. "By itself, this recovery plan won't turn our economy around or solve every problem," he said then, and "this police force still faces budget challenges down the road."

The challenges, including a city deficit that could reach $120 million, would mean the loss of 324 officers, more than 15 percent of the force, under a budget unveiled by Chief Walter Distelzweig.

"This is devastating," he told reporters Tuesday. "None of us signed up for this kind of task."

Distelzweig said under the 2010 budget plan, the department will focus on priority calls and maintaining public safety. "Policing in this city will change as we know it today," he said. " ... [We're] going to do less with less."

He stressed the cuts are not final, and city voters are being asked to approve an income tax hike in August. The half-percent increase, if passed, could avoid the firings and furloughs. Distelzweig said the announced cuts are not meant to be a threat to voters. "It's math -- whatever money is available," he said.

Columbus is not alone, of course, in its budget crisis. To its south, Cincinnati is looking at job cuts and reduction in services because of a higher-than-expected deficit. Smaller cities such as Mansfield, 60 miles to its north, have been forced to lay off up to a third of its officers. CNNMoney.com this week reported 16 states around the nation have raised taxes this year, with proposed increases in 17 others.

Looking at the graduates receiving their diplomas that day, Obama said, "This economy needs your employment to keep it running."

"I look into their eyes and I see their badges today, and I know that we did the right thing,"
he told the crowd on March 6. "These jobs and the jobs of so many other police officers and teachers and firefighters all across Ohio will now be saved because of this recovery plan."

The grant did its job and funded the class for a year. But local budget problems took over. And the 25 officers, a hopeful symbol that day for the White House, may turn into a grimmer example of financial realities still facing communities around the country.

http://www.cnn.com/2009/POLITICS/05/26/ohio.stimulus.police.cuts/index.html?iref=hpmostpop
22 posted on 10/11/2009 3:30:56 PM PDT by Kimberly GG (Sarah Palin - Supports a "path to citizenship" for illegal aliens. "path to citizenship" IS AMNESTY)
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To: Principled

Yep just waiting for Democrats and the State run media to sell us on a ‘Businessless Economy’


23 posted on 10/11/2009 3:37:14 PM PDT by Son House (OcarterCare by Congress will make all Americans = Wards of the State)
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To: OldDeckHand

Is he running for office? Do we have a challenger for Harry Reid?


24 posted on 10/11/2009 3:45:58 PM PDT by sportutegrl (If liberals could do math, they would be conservatives.)
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To: classified

Do you just post hoping sometime you might be right??


25 posted on 10/11/2009 3:49:11 PM PDT by Krodg
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To: Son House

Steve Wynn was great on FNS today.


26 posted on 10/11/2009 3:52:22 PM PDT by submarinerswife ("If I win I can't 't be stopped! If I lose I shall be dead." - George S. Patton)
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To: Son House
Winn kicked Jennifer Granholm's butt today on Fox News Sunday. You could tell she was very uncomfortable being challenged so that she finally just crossed her arms looking like she wanted to come through the television screen after him.

She had her talking points and couldn't answer one question. She just kept repeating her same old tired rhetoric.

27 posted on 10/11/2009 3:54:18 PM PDT by kcvl
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To: Son House

Gov. Jennifer Granholm slow to show she’s engaged in the Michigan budget process

Since February, when she introduced her new budget, the governor has been playing defense. As the state’s economy continued to tank and it was clear her initial spending plan was out of date, she took no visible steps to revamp it.

Meanwhile, her arch-rival, Sen. Mike Bishop, the GOP leader, passed a budget of his own and sent the $1.2 billion in state service cuts to the Michigan House of Representatives.

The governor watched.

http://www.pressandguide.com/articles/2009/10/10/opinion/doc4ad14a854a1ea165187849.txt

******

Four years ago, Jennifer M. Granholm set out to remake her state, which took an exceptional walloping with the decline of the auto industry, as a pioneer in creating environmentally friendly jobs. Today, however, jobs are still disappearing much faster than she can create them, raising questions about how long it will take Michigan and other hard-hit states to find new industries to employ their workers.

Since taking office in 2003, Granholm has created 163,300 positions, her office says. She expects that a recent infusion of more than $1 billion from the Obama administration aimed at nurturing car battery and electric-vehicle projects will generate 40,000 more positions by 2020.

In the past decade, however, as the auto industry has grown smaller, Michigan has lost 870,000 jobs — about 632,000 of them during Granholm’s tenure. The number is expected to reach 1 million by late next year, the end of her term.

“We have great bones as a state,” she says. “We know how to build stuff. We will build on that strength and diversify this economy. We will lead the nation in creating jobs in renewable energy. We’re not going to be viewed as Luddites.”

SHE IS GOING TO CREATE ‘GREEN JOBS’!!!

http://www.washingtonpost.com/wp-dyn/content/story/2009/10/05/ST2009100504040.html


28 posted on 10/11/2009 4:00:55 PM PDT by kcvl
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To: kcvl

Agree. This was the best I’ve heard in a long time. He is absolutely correct. A good manager focuses on the most important problem that will, when solved, resolve all or most of the symptoms. Right now we need jobs. He is right and it is simple and he stated in a way that anyone can understand. Why in the world do the people of Michigan keep Granholm? She has been woefully unsuccessful.


29 posted on 10/11/2009 4:01:37 PM PDT by drjulie
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To: kcvl

She is an idiot. She stated that Ontario built more cars than Michigan because Canada has socialist healthcare.


30 posted on 10/11/2009 4:06:04 PM PDT by eyedigress
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To: Son House

Michigan Governor Jennifer Granholm’s Uphill Battle for Green Jobs

Michigan, one of the nation’s manufacturing and auto industry hubs, was among the states hardest hit by carmakers’ decline. Its governor, Jennifer M. Granholm, now faces the daunting task of rebuilding the state’s job market. The Washington Post reports on Granholm’s approach to the task, which includes turning to green industries to provide jobs. Apparently, the battle has been an uphill one.

http://www.triplepundit.com/2009/10/michigan-governor-jennifer-granholms-uphill-battle-for-green-jobs/

******

Jennifer Granholm will be asked to testify in the corruption trial of former Highland Park Emergency Financial Manager Art Blackwell

Granholm should be asked to explain how Blackwell was allowed to go from a salary of $1 a year to $11,000 a month. Granholm says she thought after a year of working for near nothing, Blackwell deserved a decent salary.

Once she is on the stand, maybe someone will explain why Granholm appointed Blackwell, who enriched himself during a career of public service and whose ethical lapses are well documented, to manage the finances of a bankrupt city.

http://apps.detnews.com/apps/blogs/nolanfinleyblog/index.php?blogid=1314


31 posted on 10/11/2009 4:06:47 PM PDT by kcvl
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To: eyedigress
She is an idiot. She stated that Ontario built more cars than Michigan because Canada has socialist healthcare.

I heard her say that moving manufacturing jobs had nothing to do with minimum wage or anything else BUT HEALTHCARE! She is stupid!

******

Michigan Gov. Jennifer Granholm, a Democrat, called for more tax incentives to create jobs as well as extending unemployment benefits in her state which has 15.2% unemployment--the highest in the nation.

"It would be good to see another targeted tax policy," Granholm told Chris Wallace on FOX News Sunday. "If you can target tax incentives to job creation and job growth."

SHE IS TALKING ABOUT ANOTHER 'STIMULUS' PLAN!

32 posted on 10/11/2009 4:11:36 PM PDT by kcvl
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To: kcvl

agreed on Winn.... He was on fire, concise and to the point.
As for Graham she just continued to carry the water for the
party.


33 posted on 10/11/2009 4:13:01 PM PDT by original Blackbag
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To: Son House

Zandi is a tool! Wynn however kicked Granholms ,or ‘maam’ as he called her, butt!


34 posted on 10/11/2009 4:20:46 PM PDT by linn37 ( "The problem with socialism is that you eventually run out of other peoples money.)
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To: original Blackbag

WALLACE: Let me bring the governors into this at this point, because one of the things that Mark Zandi mentioned, Governor Daniels, is the idea of more aid to states, and that is gaining a lot of currency here in Washington because, obviously, the states, which have to balance their budgets next year, if they don’t have that money, are going to have to lay off people.

But the question is why should a state like yours, of Indiana, which has been very responsible and, in fact, has a billion-dollar surplus — why should taxpayers in your state through their federal taxes bail out other states like, for instance, California, that have been less responsible?

DANIELS: What a great question! I completely agree with you. You know, we’ve been practicing economy — we had to out here. Our state, as it happens, was broke about four or five years ago. We dug out, paid all our bills, and put some money in the bank. And for the moment, we have a AAA credit rating and we’re solvent.

But you know, if this economy doesn’t recover some time over the next year or so, even our savings account will eventually be depleted. And in that context, really, it would be incredibly inequitable to arrange a — if the next bailout is to bail out California or other states who spent themselves into trouble even before the recession got here, I think almost anybody would find that unfair. We sure would.

WALLACE: Governor Granholm, how do you respond to that?

GRANHOLM: Well, I mean, we’ve been a donor state, Michigan has, for as long as anybody can remember. We’ve been giving money, our taxpayer dollars, our tax dollars at the pump, to other states, to pave roads in Alaska and elsewhere. We would like to see some of that back as well. But the bottom line is this stimulus itself can be — there can be a second look at this, but not as broadly, perhaps, as the first time around.

I mean, in other words, it would be good to see another targeted tax policy, which I think everyone, it sounds like, on this — in this panel would agree would be helpful. If you can target tax incentives to job creation and job growth, that might be one way to look at it.

But I do think that you cannot turn your back on the fact that you have to play defense and offense simultaneously. In other words, you have to protect people during this very difficult time while the employers get back on their feet.

And there’s one other thing I would say, is that in this nation we have really abandoned manufacturing in large measure, other than recent actions to try to shore up the auto industry.

Well, if we can make sure that in this stimulus that those manufacturers who, in large measure — I can tell you in Michigan anyway, the auto manufacturers and the suppliers have been turned away by banks, people who have worked for 30 years, have been good employers, have always made payroll and now find it very difficult to have access to capital because the industry itself has been semi- redlined.

If there could be additional access to capital for manufacturers, if that TARP money could be put into banks and encourage those manufacturers to have access to it so that they can make payroll and can diversify, I think that would be another good form of stimulus that’s targeted to job creation and saving jobs.

http://news.yahoo.com/s/cq/20091011/pl_cq_politics/politics3221236_1

snip

WALLACE: Steve Wynn, where do you draw the line between the proper role of government in all of this and the proper role of the private sector?

WYNN: Government has never increased the standard of living of one single human being in civilization’s history. For some reason, that simple truth has evaded everybody.

The only thing that creates an increased standard of living is giving someone a job, the demand for their labor, whether it’s you and I, Chris, or anybody else.

The people that are paying the price for this juggernaut of federal spending are the middle class and the working class of America. And soaring rhetoric and great speeches, with or without a Teleprompter, aren’t going to change the truth. And the truth is the biggest enemy, the biggest obstacle, that working middle class America has is government spending.

snip

WYNN: OK. That’s my point, Governor. I’m not making any other point. And believe me, ma’am, I’ve got 20,000 employees. I’ve had as many as 150,000 families that I’ve been self-insuring. There’s nothing simplistic about my approach to this problem.

******

WYNN: Well, health care, something I know about, is a complicated technical issue for which practically everybody in this administration has absolutely zero experience. It was not a priority.

Job creation was the priority from the day that this president was inaugurated. It has been eclipsed by a technical, confusing conversation in which hardly anybody has read the small print on a thing called health care.

That’s a proper subject, along with infrastructure, for a healthy economy. But infrastructure and health care are things that come later. Right now our concentration should be on job creation, and I...

******

GRANHOLM: Well, I do think it’s way early, and I completely agree with Governor Daniels. We’re all trying to make sure that people can put food on the table, that they can stay in their homes, and that they have the means of getting through this recession. That’s what everybody’s focused on right now.

But there is — I just want to jump back very quickly on the health care piece and on cap and trade, too, which is something that Governor Daniels raised. I think that especially in these times, but really on a long-term basis, for the economy to rebound we have to look at what our competitor countries are doing.

And just as an example, in Michigan, you know, we — you spend as a consumer $1,200 to $1,600 in every vehicle, if it’s a domestically made American vehicle, for health care. Now, that’s not what is being spent by other — for consumers of other products that are not — that are from other countries, because other countries provide some assistance. There is a partnership there. The full burden of health care is not on the backs of the private sector.

So in this country, we have an opportunity to have a shared responsibility so that our businesses can be, in fact, more competitive.

More cars were built in Ontario than they were in Michigan two years ago and last year because they were — they weren’t going to Canada because of taxes or regulation, but they were going there because health care got a greater assist than it does in the United States. So that’s an important public-private partnership opportunity to make us more competitive.

On cap and trade, very quickly, I think that we have the means, especially in the industrial Midwest, to go from rust belt to green belt, to make the products — because we know how to make things — to make the products that are associated with reducing global warming and increasing energy efficiency.

So I don’t think we should be afraid of this at all. We know that the globe is going to need those solutions. The technology and the expertise, the universities and the manufacturing capacity are here in the Midwest, so let’s embrace that and be the place where those products are made.

http://news.yahoo.com/s/cq/20091011/pl_cq_politics/politics3221236_1


35 posted on 10/11/2009 4:22:45 PM PDT by kcvl
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To: Son House

I want to hear more from Steve Wynn . . . maybe Wallace can do a 30 minutes interview of just him . . . and soon!


36 posted on 10/11/2009 4:24:44 PM PDT by Right_in_Virginia
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To: kcvl

I watched her today. Her idea is to give more handouts,screw that people need jobs not handouts.


37 posted on 10/11/2009 4:25:23 PM PDT by linn37 ( "The problem with socialism is that you eventually run out of other peoples money.)
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To: kcvl

The South is taking over the auto industry due to booting the unions and generous TAX concessions. Nissan didn’t move their headquarters to Tennessee for no reason. Volkswagon in Chattanooga will be a very good thing.


38 posted on 10/11/2009 4:25:52 PM PDT by eyedigress
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To: linn37
Wynn: The people that are paying the price for this juggernaut of federal spending are the middle class and the working class of America. And soaring rhetoric and great speeches, with or without a Teleprompter, aren’t going to change the truth. And the truth is the biggest enemy, the biggest obstacle, that working middle class America has is government spending.
39 posted on 10/11/2009 4:28:22 PM PDT by kcvl
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To: eyedigress

According to Granholm they are moving manufacturing from Michigan because of HEALTHCARE!

And, Granholm wants to turn the Midwest from a ‘rust belt’ to a ‘greeen belt’ to reduce ‘GLOBAL WARMING’! I guess she hasn’t figured out that we KNOW IT’S A HOAX TO RAISE TAXES!

******

Granholm:

And just as an example, in Michigan, you know, we — you spend as a consumer $1,200 to $1,600 in every vehicle, if it’s a domestically made American vehicle, for health care. Now, that’s not what is being spent by other — for consumers of other products that are not — that are from other countries, because other countries provide some assistance. There is a partnership there. The full burden of health care is not on the backs of the private sector.

So in this country, we have an opportunity to have a shared responsibility so that our businesses can be, in fact, more competitive.

More cars were built in Ontario than they were in Michigan two years ago and last year because they were — they weren’t going to Canada because of taxes or regulation, but they were going there because health care got a greater assist than it does in the United States. So that’s an important public-private partnership opportunity to make us more competitive.

On cap and trade, very quickly, I think that we have the means, especially in the industrial Midwest, to go from rust belt to green belt, to make the products — because we know how to make things — to make the products that are associated with reducing global warming and increasing energy efficiency.

http://news.yahoo.com/s/cq/20091011/pl_cq_politics/politics3221236_1


40 posted on 10/11/2009 4:34:15 PM PDT by kcvl
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