Dimon is right on

We do not know JPMorgan Chase CEO Jamie Dimon, but he apparently is one angry guy who has had enough of the nincompoops in Washington, D.C. During his company’s earnings conference call Friday he came unglued.

“It’s almost an embarrassment being an American citizen traveling around the world and listening to the stupid s— we have to deal with in this country,” Dimon said in response to an analyst’s question.

“Since the Great Recession, which is now eight years old, we’ve been growing at 1.5 to 2 percent in spite of stupidity and political gridlock, because the American business sector is powerful and strong. What I’m saying is it would be much stronger growth had we made intelligent decisions and were there not gridlock.”

The U.S. banking giant’s CEO cited travels to countries such as France, Argentina, Israel and Ireland. The U.S. has become “one of the most bureaucratic, confusing, litigious societies on the planet” and “it’s hurting the average American that we don’t have these right policies,” he said.

Finally, somebody is laying it on the line, somebody who feels like the rest of us. Too bad what he said, and most of what America wants and feels, will be ignored.

 

One Response to Dimon is right on

  1. Jim Schradle July 15, 2017 at 10:40 am

    Yup, politicians don’t do anything productive to create wealth. They just sit on their rock and wait for someone else to succeed and then they go after them.

    Reply

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