Skip to comments.JAMIE DIMON: The Table Is Set For Booming 4% Growth, And 200K New Jobs Per Month
Posted on 12/12/2012 6:07:11 AM PST by blam
JAMIE DIMON: The Table Is Set For Booming 4% Growth, And 200K New Jobs Per Month
Jamie Dimon is on LIVE at the Dealbook conference talking fiscal cliff, the economy, and public policy.
We're taking notes during his Q&A. Anything not in direct quotes.
-- Says odds are politicians will do something between December 21 and December 28.
-- On the impact of going over the cliff it might not be horrible... but it might be.
-- 'We are one decision away from restoring our moral and fiscal authority in the world.... let's just do it."
-- With confidence, stability, good decisions, we could be a few months away form 4% growth and 200K new jobs per month. Says the table is set. Consumer is ready. Housing is turning.
-- Says relationship with White House is "fine" but that it's good that The White House is reaching out more.
-- Asks about perception of Wall Street. Dimon is proud of Wall Street. Notes that two former governors of Illinois are in jail. Dimon tells Sorkin: "I don't judge you because someone was a bad reporter at The New York Times a couple years ago."
-- Sorkin: "How do you think about money?" Is it true that you said as a kid that you wanted to be rich.
"I don't like that we have increasing inequality in The United States." Biggest problem: Inner-city education. Minorities not getting opportunities.
-- The US is still the best place in the world to do business. Huge opportunities in the world.
-- Dimon: If you could only invest in one country in the world, it would be the US.
-- Dimon slamming stupid immigration policies, where we're pushing "the best and the brightest" immigrants away.
(Excerpt) Read more at businessinsider.com ...
This is great news. I wonder what country this moron is talking about because it sure isn’t this one.
Oh waiter....I’ll have two of what Jamie is having.........
So we’re set for another summer...er, winter of recovery?
We're not pushing ANYONE away! What planet is this idiot on?
Amazing what electing a Fake White Indian to put a gun to these guys heads can do for your party...
If we could just raise taxes, candy rainbows would appear above the unicorns.
Well, I’ll be the contrarian here.
I think, technically, he is correct about the 4%. After years of uncertainty and looming fiscal/regulatory burdens placed on business, there is a huge pent up desire to grow, invest and expand. The rebound potential is enormous.
The problem is, Obama will do NOTHING to change his ways and there will be little or NO rebound. The only thing stopping 4% growth is the same thing that has killed it for the past four years — the so-called president.
4th qtr, 8 seconds left, its 3rd and 25, we’re on our own 20 yard line. And this moron decides to spike the football before the snap.
You are correct in the proper context.
The nation needs 400,000 new jobs a month to get out of the Obama Ditch!
I wouldn’t exactly call 4% booming
Jamie Dimon the tapeworm
I like Max Keiser. He’s funny.
I had no idea they made drugs that good...
So what is the “one decision” that he is advocating? I doubt that it is default on the debt which is the only thing that is going to fix it imo.
Fuzzy lib math.
Ex’s : One guy fired because he was 51st employee doing 40 hr weeks. Now working 2 part time jobs for less money and less hours.
Also one employee forced to less than 30 hrs now has to get another job.
Obama counts this as plus three to the work force monthly jobs number. Go figure.
“the table is set”,
but those who actually create jobs have RSVP’d with “regrets”.
HUH? Possibility that this clown made a trip to WA or CO to uh, take advantage of the new recreational use of weed laws. Maybe he’s thinking about the pot growers and distribution jobs that may be available. What a clown.
Share the lead.
I don’t think two will be enough. It sounds like he had at least a dozen.
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