Wynn Resorts Ltd. Chairman Steve Wynn said Monday he plans to continue speaking out on what he calls the Obama administration's mishandling of the economy.
And he believes others in the business community should be taking a similar approach.
"I feel very strongly about this, and it needs to be discussed," said Wynn, founder and chief executive officer of the company that operates Wynn Las Vegas, Encore and a casino in Macau. "I plan on speaking up every chance I get. Every businessperson ought to speak up or things are going to get much worse."
But he plans to do more than talk. Wynn said he may establish a political action organization within Wynn Resorts that will empower his Strip casino's 14,000 employees.
OK, why again does Steve Wynn hate Obama so much?
Wynn believes the president has not focused attention on job creation, and he said Monday the administration's policies will "punish" businesses.
"It's a misdirected agenda. It's socialism lite," Wynn said. "All the things being talked about do nothing toward creating jobs. Eventually, this is going to start to dawn on the American people."
In addition to Obama, Wynn was critical of Democratic House Speaker Nancy Pelosi.
Oh, but wait! Here's where it gets really weird!
However, Wynn, who is a Republican, said Monday that he supports the re-election of Democratic Senate Majority Leader Harry Reid.
"My friend of 40 years will protect Americans from this kind of foolishness," Wynn said. "I don't believe Harry will let that happen. Remember, Harry is a conservative Democrat from Searchlight."
And wait, here's where he just jumps the shark!
On Monday, Wynn clarified comments he made on the Fox show about government having never created jobs. However, he said public works jobs, such as the building of Hoover Dam in the 1930s, are not enough to bring America out of the recession. Jobs, such as those in the service sector created by the casino industry and private business, are more important than government employment programs.
"If the government hires everybody, that's communism," Wynn said. "We know that destroys initiative."
Wynn said the administration and Congress need to come up with policies that are favorable to business and that fuel capitalism and job growth, not attack it.
"These macroeconomists don't understand what happens in each community," Wynn said. "When people have a job, they feel better about themselves, buy houses, pay taxes and become consumers. People without jobs don't have consumer confidence."
OMG, Obama has a bunch of macroeconomics experts in The White House! And basic Keynesian economics is now COMMUNISM! And Obama and Nancy Pelosi are evil SOCIALISTS... But eh, Harry Reid is OK because he's from Nevada and Mr. Steve-o Casino has his ear.
OK, will you please excuse me while my head falls into my hands in total disbelief?
Thanks, I'm composed again. How the hell can a guy who's so brilliant in developing casinos such a moran on politics... And for that matter, macroeconomics? Last I remember, government intervention in the form of jobs programs, the creation of the social safety net, and ultimately defense spending in gearing up for World War 2 got this nation out of The Great Depression. On the other hand, Mr. Wynn's preferred policies of Bush-style deregulation and "socialism for the rich ONLY" are actually what got our economy into this deep hole in the first place.
I guess that's why top Harrah's and MGM Mirage execs are just laughing as they watch this train wreck.
Two rival casino executives, MGM Mirage Chairman and CEO Jim Murren, and Harrah's Entertainment Senior Vice President Jan Jones, said they don't question Wynn's right to speak out. But they disagree with his opinion of President Barack Obama. Wynn, they said, is not expressing the universal opinion of casino operators.
"(Wynn is) very well-known and he's a provocative speaker," Murren said. "He is a celebrity and he enjoys doing that. He does not speak for the industry nor does he speak for (MGM Mirage)."
Again, I enjoy going to Steve Wynn's casinos. It's just that his politics doesn't make any sense.