Steve Wynn: Trump, Clinton ‘missing the point’ of US’s $19 trillion problem

Is casino boss Steve Wynn the new voice of reason amid the noise created by the political mudslinging between U.S. presidential candidates Donald Trump and Hillary Clinton?

The outspoken CEO and chairman of Las Vegas-based Wynn Resorts went on a tirade about the presidential elections, telling analysts during his company’s second quarter earnings call that despite their promises and declarations, neither Trump nor Clinton has addressed the country’s $19 trillion problem.

This election is not about Clinton or Trump, Wynn said. It’s about the “self-destructive” monetary and fiscal policy that will soon cripple not just business in Vegas, but the entire United States.

“It’s almost impossible to predict exactly what effect that [election] will have. Without getting into an economics discussion, we have – sooner or later, our political establishment is going to be forced, regardless of party affiliation, to deal with $19 trillion in debt that’s climbing by around $1.6 billion a day,” Wyn..

August 21, 2016: Posted in News And Reviews No Comments
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