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 ...
“Im 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.
Yep just waiting for Democrats and the State run media to sell us on a ‘Businessless Economy’
Is he running for office? Do we have a challenger for Harry Reid?
Do you just post hoping sometime you might be right??
Steve Wynn was great on FNS today.
She had her talking points and couldn't answer one question. She just kept repeating her same old tired rhetoric.
Gov. Jennifer Granholm slow to show shes engaged in the Michigan budget process
Since February, when she introduced her new budget, the governor has been playing defense. As the states 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
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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
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.
She is an idiot. She stated that Ontario built more cars than Michigan because Canada has socialist healthcare.
Michigan Governor Jennifer Granholms Uphill Battle for Green Jobs
Michigan, one of the nations 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 states job market. The Washington Post reports on Granholms approach to the task, which includes turning to green industries to provide jobs. Apparently, the battle has been an uphill one.
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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
I heard her say that moving manufacturing jobs had nothing to do with minimum wage or anything else BUT HEALTHCARE! She is stupid!
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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!
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.
Zandi is a tool! Wynn however kicked Granholms ,or ‘maam’ as he called her, butt!
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.
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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
I want to hear more from Steve Wynn . . . maybe Wallace can do a 30 minutes interview of just him . . . and soon!
I watched her today. Her idea is to give more handouts,screw that people need jobs not handouts.
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.
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!
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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
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