Thursday, September 2, 2010

Billionaire Steve Wynn's Take on the Economy

Below is a short interview with Steve Wynn. He is a multi-billionaire, hotelier and real estate investor in Las Vegas, Asia, and Macau . He's been a guest from time to time on all the network financial news programs.  Back on May 28th of this year, he gave this interview on CNBC which absolutely encapsulates our economic problems for America in a nutshell.  (This guy must be brilliant because he said almost word for word what I have been saying all along regarding Obamacare and how it will RAISE costs rather than lower them.)  :)  Anyway, I can only assume that Mr. Wynn's truthfulness in describing our economic situation will result in his name being removed from the White House guest list.

2 comments:

Dave Splash said...

What a shocker. A billionaire who plans on moving his company overseas and shipping jobs to other countries (and doing business with the Communist Chinese), is unhappy about having to pay taxes or that more Americans will have access to health care. Boo freakin' hoo.

If he cared about this country, he'd employ Americans, pay his taxes and stop whining. He's a billionaire. He's got nothing to complain about. Let him go to China and work with the communists. Good riddance.

T. Paine said...

Dave, you are so quick to play the class warfare card that you completely missed the points Mr. Wynn made.

The instability and uncertainty that this adminstration has created affects ALL businesses, but certainly the small mom & pop businesses the most. They don't know what to budget for, let alone even considering hiring employees, because Obama might be putting an even huger tax burden on them for their health care, cap & tax policies etc.

What the video again and listen to his message. Assume that he is a middle class academic making $65K a year instead of a billionaire.