Business Leaders Former Progressive Supporters, Don’t Like Socialism

In a belated effort that makes people wonder whether CEO positions are hereditary, business leaders are finally realizing the oppressive nature of Marxism. Steve Wynn, Las Vegas based CEO in the hospitality business has finally noticed that the Obama doctrine is strangling business and investment, he is one of many Democrat businessmen speaking out against Obama and his Socialism.

During a conference call on Monday, Wynn called Obama:

“the greatest wet blanket to business, progress and job creation in my lifetime.”

Wynn a former fervent supporter of the Obama Myth, still considers himself a Democrat; but he and several others are breaking with tradition and speaking out politically in direct and blunt terms. He is now laying blame on Obama for the reluctance of businesses to invest in the current anti-business climate of Obama Socialism.

A lot of people don’t want to say that. They’ll 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 ‘we ought to do something to businesses that don’t invest or (are) holding too much money. We haven’t heard that kind of talk except from pure socialists.

Business is being hammered 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.

Wynn’s words are finding sympathetic ears among smaller businessmen and others who are puzzled over America’s weak economic growth and high unemployment.

The onus of blame is laid directly upon the inexperience of the president and his professor type advisors who have never functioned outside of academia and lack real world experience.

Wynn’s frustration echoes the statements of other influential business leaders:

• 3M’s George Buckley, who blasted Obama last February as anti-business. “We know what his instincts are,” Buckley said. “We’ve got a real choice between manufacturing in Canada or Mexico — which tends to be more pro-business — and America,” he told the Financial Times.

• Boeing’s Jim McNerney, who in the Wall Street Journal last May called Obama’s handpicked National Labor Relations Board’s suit against his company a “fundamental assault on the capitalist principles that have sustained America’s competitiveness since it became the world’s largest economy nearly 140 years ago.”

• Intel’s Paul Otellini, who told CNET last August that the U.S. legal environment has become so hostile to business that there is likely to be “an inevitable erosion and shift of wealth, much like we’re seeing today in Europe — this is the bitter truth.”

• Home Depot co-founder Bernie Marcus, who observed to radio host Hugh Hewitt last month that Obama “never had to make payroll,” that “nobody has ever created a job in this administration” and that the president is “surrounded by college professors.”

• GE’s Jeffrey Immelt, one of Obama’s biggest supporters, who hit out at the president last year. “Business did not like the U.S. president and the president did not like business,” the FT reported him saying. “People are in a really bad mood. We have to become an industrial powerhouse again, but you don’t do this when government and entrepreneurs are not in sync.”

• Berkshire Hathaway CEO Warren Buffett, another Obama backer, who blasted Obama’s bank tax in January 2010 as a “guilt tax,” once called Obama’s carbon tax idea “regressive” and this month denounced Obama’s obsession with corporate jets.

Other executives are speaking out on the toxic nature of Obama’s Socialism: Chevron, Exxon Mobil, Fox News, and Forbes, along with the former Obama supporter the Chamber of Commerce have voiced similar opinions. Without the leaders and companies of American business willing to invest in the future, the American economy will continue to falter and the American worker will languish in the despair of unemployment and a stagnant economy without “Hope” for the future.

Hopefully, the American voter has realized the futility of Marxism and its mantra of Redistribution of Wealth; otherwise, this country is doomed to four more years of poverty and despair under the guidance of Obama.