LATELY WE SEE a lot of Steve Wynn in the Review-Journal and on television. He is telling anyone who will listen that he has a cure for our financial troubles. He says the president is doing the wrong thing; that none of his stimulus and fixes will work. Steve Wynn wants the president to back more tax cuts; he says this will spur the economy.
This is the weirdest recession in my lifetime. The worse the economy gets the higher the prices. Airlines, new cars, home improvement, grocery, drug stores, everywhere. If business is so bad, why is everyone charging more?
I have a proposal for Mr. Wynn that will improve the local economy and his business. Mr. Wynn should practice what he preaches: Let’s have a price cut at The Wynn and Encore.
All the drinks half price, lower the room rates to $99, give free drinks at the casino bars when you play the poker machines. Put a 2-for-1 buffet coupon in the Review-Journal until the end of the year—and the paper should give him a reduced price for the ad.
What happened to the old theory about supply and demand? If there is less demand for your goods and services, lower your prices. This should spur the economy, making it better for Steve Wynn and all of us.
