CEO Proven Wrong on Obama Prediction

CEO Proven Wrong on Obama Prediction January 6, 2015

In 2012, the CEO of a company sent an email to his employees telling them that if Obama were to be reelected, the results would be devastating for that company and would threaten their jobs and their benefits. Two years later, the company has grown significantly and he’s handing out raises.

In the lead-up to the 2012 presidential election, David Siegel, billionaire chief of Florida timeshare company Westgate Resorts, sent an email to all employees. “Of course, as your employer, I can’t tell you whom to vote for,” Siegel wrote, but offered “a few facts that might help you decide what is in your best interest.” These included that re-electing Obama would “threaten your job” and result in “less benefits and certainly less opportunity for everyone.”

Just over two years after penning that company-wide email, Siegel informed Westgate employees that instead of layoffs, he would boost their minimum wage to $10 per hour beginning in 2015.

In fact, according to Siegel, 2014 was a banner year. “We’re experiencing the best year in our history and I wanted to do something to show my gratitude for the employees who make that possible,” Siegel said in announcing the wage hike. He also recently told the Orlando Business Journal that “things have never been better.”…

Despite writing in 2012 that any tax increases on the wealthy would mean job losses — “Rather than grow this company I will be forced to cut back,” he said at the time — Siegel has been extraordinarily successful growing Westgate in the two years since taxes were modestly increased on the wealthy.

Another failed prediction of doom, just like Donald Trump predicting a stock market crash and Newt Gingrich predicting $10 a gallon gas if Obama was reelected. And Ted Nugent, sadly, still isn’t in prison or dead.

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  • pocketnerd

    Being a Republican means never having to say you’re sorry. Or admit you were wrong. Or re-examine your assumptions. Ever.

  • raven

    And Ted Nugent, sadly, still isn’t in prison or dead.

    Glenn Beck isn’t either, another one of his many failed predictions.

    Obama does have some economic accomplishments. Unemployment is down from 10% to 5.8%. The economy is growing, and this growth is accelerating. The stock markets hit all time records, important for anyone with an IRA or 401(K) plan. Gas is now $2 a gallon, in part because he has been friendly to fossil fuel production.

    All Bush did was balloon the deficient with his Supply Side Economics fantasy tax cuts and crash the housing market, stock markets, and the US economy.

  • He’s not a Republican. He’s a RINO. Sure, he has an irrational hatred of Obama (or, more likely, pretended to), but he is, and I can’t stress this enough, also raising the minimum wage for his employees. Giving money to employees is pure Howard-Cloven Strategy, and the concept of “a minimum wage” is straight from the Jerry Sandusky playbook, Rules for Radicals, making him a Socialist.

    Plus, as I remember it, when he tried to use his muscle to encourage his employees to vote for a candidate, that candidate was Obama!

  • “I can’t tell you whom to vote for”

    He ain’t got no grammar!

  • dingojack

    MO – “… he tried to use his muscle to encourage his employees to vote for a candidate …”

    Was a it a Quadricep or a bicep? It makes all the difference!


  • dugglebogey

    His goal in life is to build the world’s largest single family home.

    Doesn’t that just scream “world’s largest single douchebag?”

  • dugglebogey

    A REAL conservative would have tanked his business on purpose just to prove himself right.

  • A timeshare company? Were formers Enron executives or Nigerian 419 scammers unavailable for comment?

  • lorn

    People tend to trust people speak confidently over nuanced, but accurate, presenters.

  • eric

    Oh Ed, don’t you know? You are not supposed to bring up ridiculous election claims after the second Tuesday in November. What’s slung in election season, stays in election season.

  • By the way, this guy is such an incredible douchenozzle there’s even a whole documentary about what a douchenozzle he is:

    I haven’t seen it, but it apparently focuses on his superficial lifestyle, poor taste, and ability to destroy vast amounts of money through stupidity. Not shown: The many thousands of financial lives he ruined through his timeshare scam.

  • jaybee

    Ed, you atheist commies are all the same. Of course the US didn’t collapse after Obama was reelected. That is due to all the good people who prayed to God for salvation from the atheist Muslim president. And it worked! They are 2-0 and you are 0-2.

  • Yeah, but I’m sure if Obama hadn’t been elected, he’d be raising their wages to $15 an hour and there’d be free blowjobs for everyone.