CEO of JPMorgan Chase, Jamie Dimon lashed out on how U.S. politics are negatively affecting the nations' economic growth on a Friday public conference call.
"It's almost an embarrassment being an American citizen ...and listening to the stupid shit we have to deal with in this country," Dimon said. “At one point we all have to get our act together or we won’t do what we’re supposed to do for the average Americans.”
Dimon said that the U.S. corporate tax rates and the lack of modern infrastructure in the U.S. are affecting the country's growth.
“I was just in France, I was recently in Argentina, I was in Israel, I was in Ireland. We met with the prime minister of India and China,” said Dimon. “It’s amazing to me that every single one of these countries understands that practical policies that promote business and growth is good for the average citizens of this countries, for jobs and wages, and that somehow, this great American free enterprise system, we no longer get it.”
Although the CEO did not mention President Donald Trump or his administration, Dimon did offer some advice to journalists.
"[The media] should be writing a lot more about that the stuff that is holding back and hurting average Americans." Dimon said. "Who really cares about fixed-income trading in the last two weeks of June, I mean seriously.”
Some think that Dimon's comments are warranted.
100% w/ Jamie Dimon. He reached his limit. It's ridiculous how inept DC is now. They're beyond corrupt. We should start all over again.— Richard Baris (@Peoples_Pundit) July 14, 2017
God Bless this man for telling the truth. We are trying to rally the country to be great again and all the left media wants is Russia, sad.— MM (@mariannamaravi8) July 15, 2017
Others, not so much.
Feel some kind of way about Jamie Dimon's remarks. Can't get the 2008 crash out of my mind as well as the word excess greed.— Janet (@JanetDFoster) July 14, 2017