'Almost an Embarrassment Being American': Jamie Dimon

JPMorgan CEO goes on anti-DC rant
By Evann Gastaldo,  Newser Staff
Posted Jul 14, 2017 3:49 PM CDT
JPMorgan CEO Goes on Anti-DC Rant
In this June 13, 2012, file photo, JPMorgan Chase CEO Jamie Dimon testifies before the Senate Banking Committee on Capitol Hill in Washington.   (AP Photo/J. Scott Applewhite, File)

During JPMorgan Chase's earnings conference call Friday, CEO Jamie Dimon went off on a bit of a tangent. "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," he said in response to a question from an analyst. He said that while the American business sector is "powerful and strong," its current growth is "muted" and it would be even stronger were it not for the "stupidity and political gridlock" in Washington DC, CNNMoney reports.

He said that in other countries he's recently traveled to, the government understands how to utilize "practical policies to promote business and growth," but that "somehow this great American free enterprise system, we no longer get it." Specifically, he took issue with corporate taxation, infrastructure, and regulatory reform. "We have become one of the most bureaucratic, confusing, litigious societies on the planet," he said. "I'm going to be a broken record until this gets done. We are unable to build bridges, we're unable to build airports, our inner city school kids are not graduating." In a separate call, he also criticized the media for not focusing on these issues. CNBC has the full rant. (More Jamie Dimon stories.)

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