Steve Wynn Rant – The resort owner and casino executive sounds off about Americans in debt and the “Occupy Wall Street” movement.
Steve Wynn Rant: “What you do have on Wall Street is a reflection, a real reflection in my opinion, of the anxiety, the insecurity and the fear that is endemic in the United States of America,” he said during a recent corporate conference call. The Las Vegas resort owner also referenced the ongoing movement saying people are finally waking up to the specter of long-term debt hanging over the collective head of the nation.
Unlike the protesters, the businessman doesn’t seem to put blame on Wall Street and the banks for what’s wrong. He blames deficit spending. “I am watching my employees’ standard of living drop because of deficits.”
He says even though he’s given his U.S. workers two cost of living increases, “people working for me are being paid in 80-cent dollars, on their way to 70-cent dollars…the net result of all this is frustration, anxiety and anger.”
Steve Wynn Rant Concludes With Government Dissatisfaction
Steve stated that the “Occupy” movement reveals the growing anger and dissatisfaction of over the government, and that it is only going to get worse.
“You cannot sustain these deficits. You cannot undercut the people that create the jobs…the Democratic agenda of spend and bribe the public is bankrupting this country, and until it stops, the citizens of this country are in for more hard times,” he stated in his rant.
Back in July on a separate conference call Wynn called the Obama administration “the greatest wet blanket to business, and progress and job creation in my lifetime.” He added at that time: “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. And until he’s gone, everybody’s going to be sitting on their thumbs.”