Jamie Dimon, CEO at JP Morgan Chase, exploded during a recent earnings call over Congress’ failure to jump start the US economy. He said,
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… 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.
Since the Great Recession, which is now 8 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.
He added that the United States has become “one of the most bureaucratic, confusing, litigious societies on the planet,” and that “it’s hurting the average American that we don’t have these right policies.”
