During an earnings conference call this morning, JPMorgan Chase CEO Jamie Dimon railed against regulations, Washington gridlock and federal policies, going so far as to say it was almost “embarrassing” being a US citizen because other countries are more hospitable to corporations.
Asked whether he thought the current atmosphere in D.C. could hurt the nation’s economic growth, Dimon highlighted his belief that America can’t get anything done.
“We are unable to build bridges,” he exclaimed. “We’re unable to build airports; our inner city school kids are not graduating.”
Dimon added that he’d traveled to numerous countries and they understand “that practical policies to promote business and growth is good for the average citizens of those countries.” He also said that American economic growth would continue at a pace of about 1.5% to 2% because of the strength of the business sector.
The Wall Street titan claimed that the Trump administration could change this if it made “breakthroughs in taxes and infrastructure” while personally observing that United States’ has become “one of the most bureaucratic, confusing, litigious societies on the planet.”
“It’s almost an embarrassment being an American citizen traveling around the world and listening to the stupid shit we have to deal with in this country,” Dimon lamented. “And at one point we all have to get our act together or we won’t do what we’re supposed to for the average Americans.”
Dimon was under consideration for Treasury Secretary but he ended up telling Donald Trump no thanks. Despite turning down Trump and offering up some criticism of the administration, he’s said he’ll stick with Trump because it’s the patriotic thing to do.
Watch the clip above, via CNBC.
[image via screengrab]
Have a tip we should know? email@example.com