“Washington is unpredictable these days,” declares entrepreneur Steve Wynn, developer and CEO of Wynn Resorts. “No one has any idea what’s next…the uncertainty of the business climate in America is frightening, frightening to everybody, and it’s delaying the recovery.”
Wynn expressed concerns about the prospect of inflation, of FHA repeating the mistakes of Fannie and Freddie, and the cost to business from the new healthcare law. “We’re on our way to Greece, in the hands of a confused, foolish government,” Wynn says. “It’s got to stop. It’s got to stop.”
Americans are faced with “wild, uncontrolled spending,” and “unbelievable, unsustainable debt,” Wynn said during an interview with CNBC in Las Vegas.
Wynn quotes French historian Alexis de Tocqueville who brilliantly predicted in 1909: “The American system and democracy will prevail until that moment when the politicians discover they can bribe the electorate with their own money.”
More of Wynn’s caustic observations can be heard in the videos here.