Steve Wynn's take on the world

[BitterYoungMatador2]

Vegas's best dasy were when the Teamster and Cosa Nostra thugs ran things. The corporate thugs have no clue how to take care of people.

 

[Magic In The Night]

How many Average Joes in America today own stock?

How many Average Joes in America have a pension plan?

This guy brings in the real Average Joe, takes his money on the tables, and these "profits" are shared with people who are not Average Joes.

The Average Joe in America today is a guy working per hour without health care and no real thoughts of ever being able to stop working.

I wonder what percentage of my generation (41) will die working rather than die retired?

The average joe has a 401k.

An actual real defined benefit pension plan? Like your dad had at GM? Pretty much state employees, that's all.

Actually, those of us who work at union newspapers have a real defined benefit pension plan. In fact, I have two of them. One from my old newspaper and one from the newspaper I'm at. That's in addition to my 401(k). Just another benefit of the union, which most people here are eager to get rid of.

 

[DanOregon]

Stocks are up, companies are more profitable than they have ever been before and it's Obama's fault?

 

[highlander]

If Steve Wynn feels the economic climate is conducive to investing and building and developing more, it creates jobs. If he doesn't, it won't.

How hard is that for some of you to understand?

The Bush economy, whose return Wynn is advocating, was supposedly the one conducive to investing and building and developing more. American jobs disappeared by the millions. How hard is that for you to understand?

And all those jobs have come back under Obama's watch. Right. Good call.

 

[LongTimeListener]

If Steve Wynn feels the economic climate is conducive to investing and building and developing more, it creates jobs. If he doesn't, it won't.

How hard is that for some of you to understand?

The Bush economy, whose return Wynn is advocating, was supposedly the one conducive to investing and building and developing more. American jobs disappeared by the millions. How hard is that for you to understand?

And all those jobs have come back under Obama's watch. Right. Good call.

I do not believe I said that. I am simply pointing out the proven emptiness of the trickle-down promises.

 

[cjericho]

So one or two people are scared because their employees might actually get health care and live a better life?

If half of this guy's money was taken away, would anything change about the way he leads his life?

Would he still live in huge houses, eat at the best places, never worry about going to the doctor or where the money to pay the power bill would come from?

I'm not saying take half of his money, but this guy just stinks of greed. Why are people so concerned if this guy ends the year with 510 million instead of 530 million?

How many Average Joes in America today own stock?

How many Average Joes in America have a pension plan?

This guy brings in the real Average Joe, takes his money on the tables, and these "profits" are shared with people who are not Average Joes.

The Average Joe in America today is a guy working per hour without health care and no real thoughts of ever being able to stop working.

I wonder what percentage of my generation (41) will die working rather than die retired?

Complete BS. Many people don't have health care and it is a problem, but the majority do have health care.

How many Average Joes in America today own stock?

How many Average Joes in America have a pension plan?

You can't be serious.

You realize that pension funds -- like CalPERS and GM's -- are some of the biggest players in the market right?

Maybe you don't think of it that way because they invest with big, bad hedge funds to manage their money.

also not to mention the majority of people in the country have health insurance. many do not and it is a problem. but if the "average Joe" represents the minority he is someone who has health insurance.

 

[93Devil]

And what percentage of their paycheck do they have to pay for this coverage, cj?

10? 15? 25?

 

[Azrael]

Interesting to me that it's a tenet of American conservatism that government doesn't know what to do with our money, but that Steve Wynn - or Enron - does.

Maybe if we just cut out the middleman and give the billionaires all our money directly, they'll create some jobs.

 

[CarltonBanks]

You are all missing the point. Wynn is not talking about himself or Wynn Resorts. He is talking about the business climate in this country. Here is the audio because I don't think anyone has posted it yet: http://www.realclearpolitics.com/video/2011/07/18/wynn_slams_obama_on_business_responsible_for_this_fear_in_america.html

By the way, his wife was a HUGE Obama booster...much to his chagrin.

 

[Dick Whitman]

Interesting to me that it's a tenet of American conservatism that government doesn't know what to do with our money, but that Steve Wynn - or Enron - does.

Yes, the idea is that free markets create optimum efficiency. And in a world with no transaction costs and strong property rights, that would be the case. I don't even think your Paul Krugmans would argue that point. Government is there to oversee things and prevent externalities/spill-overs, i.e. private entities reaping gains while pushing costs on others. Like Enron or, more classically, polluters.

 

[hondo]

If Steve Wynn feels the economic climate is conducive to investing and building and developing more, it creates jobs. If he doesn't, it won't.

How hard is that for some of you to understand?

The Bush economy, whose return Wynn is advocating, was supposedly the one conducive to investing and building and developing more. American jobs disappeared by the millions. How hard is that for you to understand?

I don't care who the president is and I was never a fan of the Bush economy. It's obvious from Wynn's comments that he views the current administration as anti-business. If and and other CEOs leave their money on the sidelines, how does that help anyone?

 

[hondo]

You are all missing the point. Wynn is not talking about himself or Wynn Resorts. He is talking about the business climate in this country. Here is the audio because I don't think anyone has posted it yet: http://www.realclearpolitics.com/video/2011/07/18/wynn_slams_obama_on_business_responsible_for_this_fear_in_america.html

By the way, his wife was a HUGE Obama booster...much to his chagrin.

Shhhhh...don't confuse them with the actual facts in this case Carlton ... such as what Wynn actually said.