(CNSNews.com) – Steven Wynn, CEO of Wynn Resorts, said on Monday that he was sitting on his thumbs with over a billion dollars tied up because he was unsure what government program the Obama administration would unveil next, and stressed that he was “afraid of the president.”

In an interview, Jon Ralston, host of Ralston Reports on NBC-affiliate KSNV MyNews3 in Nevada, asked Wynn: “You called him [Obama] a socialist. You called the president a socialist. And you used this memorable phrase that business leaders quote, ‘were sitting on their thumbs until he’s gone.’ But they’re not really. I mean, you’re not — you haven’t been doing that?”

“Yes I have,” Wynn said.

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