Wednesday, July 20, 2011

Obama and the economics of fear

Business Insider interviewed (hat tip: Legal Insurrection) Steve Wynn, the CEO of casino company Wynn Resorts, and he had some choice things to say about Obamanomics:
And I'm saying it bluntly, that this administration is the greatest wet blanket to business, and progress and job creation in my lifetime. And I can prove it and I could spend the next 3 hours giving you examples of all of us in this market place that are frightened to death about all the new regulations, our healthcare costs escalate, regulations coming from left and right. A President that seems, that keeps using that word redistribution. Well, my customers and the companies that provide the vitality for the hospitality and restaurant industry, in the United States of America, they are frightened of this administration.And it makes you slow down and not invest your money. Everybody complains about how much money is on the side in America.

You bet and until we change the tempo and the conversation from Washington, it's not going to change. And those of us who have business opportunities and the capital to do it are going to sit in fear of the President. And a lot of people don't want to say that. They'll say, God, don't be attacking Obama. Well, this is Obama's deal and it's Obama that's responsible for this fear in America.[Emph. added]

PREVIOUSLY on Obamanomics:
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Obama 0, Germany 1:
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Tuesday, July 12, 2011

National Academy of Sciences warns EPA on junk science

From Inside EPA, as quoted by PJ Tatler, the Environmental Protection Agency gets a scolding:

A key EPA science adviser is warning that the agency must succeed in making its scientific research programs more transparent and sound in order to to bring credibility back to agency science, or EPA will risk increased scrutiny from House Republicans and industry that could prompt a “crisis.”

“You can’t fail this time,” Thomas Burke, associate dean of The Johns Hopkins Bloomberg School of Public Health who also chaired a recent National Academy of Sciences (NAS) panel on ways to improve EPA risk assessments, told EPA officials and other scientific advisers during a discussion on the agency’s new chemical safety research program June 30.

“The sleeping giant is that EPA science is on the rocks . . . if you fail, you become irrelevant, and that is kind of a crisis,” Burke told a joint meeting of EPA’s Science Advisory Board and EPA’s Board of Scientific Counselors (BOSC) charged with looking at the reorganization of the agency’s research programs.

Hat tip: Instapundit.

PREVIOUSLY on politicized science:
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AIDS advocates distorted science
Politicized science of crime statistics
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Obama says....

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