Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

JAMIE DIMON: The Table Is Set For Booming 4% Growth, And 200K New Jobs Per Month
TBI ^ | 12-12-12 | Joe Weisenthal

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

Joe Weisenthal
December 12,2012

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.

(snip)

(Excerpt) Read more at businessinsider.com ...


TOPICS: News/Current Events
KEYWORDS: bho44; bhoeconomy; dimon; economy; employment; growth; jobs
(ahem)....and we doubted Obama could do it. Probably just our racism showing, eh?
1 posted on 12/12/2012 6:07:19 AM PST by blam
[ Post Reply | Private Reply | View Replies]

Comment #2 Removed by Moderator

To: blam

This is great news. I wonder what country this moron is talking about because it sure isn’t this one.


3 posted on 12/12/2012 6:12:20 AM PST by muir_redwoods (Don't fire until you see the blue of their helmets)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

Oh waiter....I’ll have two of what Jamie is having.........


4 posted on 12/12/2012 6:13:18 AM PST by OB1kNOb (On November 6th liberty was given the death penalty in America.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

So we’re set for another summer...er, winter of recovery?


5 posted on 12/12/2012 6:15:54 AM PST by Huskrrrr
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam
-- Dimon slamming stupid immigration policies, where we're pushing "the best and the brightest" immigrants away

We're not pushing ANYONE away! What planet is this idiot on?

6 posted on 12/12/2012 6:16:56 AM PST by frogjerk (Obama Claus is coming to town!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

Amazing what electing a Fake White Indian to put a gun to these guys heads can do for your party...


7 posted on 12/12/2012 6:18:51 AM PST by Buckeye McFrog
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

If we could just raise taxes, candy rainbows would appear above the unicorns.


8 posted on 12/12/2012 6:20:50 AM PST by AppyPappy (If you really want to annoy someone, point out something obvious that they are trying hard to ignore)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

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.


9 posted on 12/12/2012 6:21:25 AM PST by Lee'sGhost (Johnny Rico picked the wrong girl!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

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.


10 posted on 12/12/2012 6:23:29 AM PST by skeeter
[ Post Reply | Private Reply | To 1 | View Replies]

To: Lee'sGhost

You are correct in the proper context.


11 posted on 12/12/2012 6:25:36 AM PST by Perdogg (Rep. Tom McClintock (R-CA4) for President 2016)
[ Post Reply | Private Reply | To 9 | View Replies]

To: blam

The nation needs 400,000 new jobs a month to get out of the Obama Ditch!


12 posted on 12/12/2012 6:26:21 AM PST by RexBeach (Mr. Obama Loves To Spend My $$$$$$$$$$$$)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

I wouldn’t exactly call 4% booming


13 posted on 12/12/2012 6:27:23 AM PST by WorkerbeeCitizen (we are so screwed - really)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

Jamie Dimon the tapeworm

http://www.youtube.com/watch?v=kw2DskGbE6Q

I like Max Keiser. He’s funny.


14 posted on 12/12/2012 6:27:38 AM PST by ILS21R (Everything... IS... a conspiracy)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

I had no idea they made drugs that good...


15 posted on 12/12/2012 6:28:21 AM PST by cableguymn (The founding fathers would be shooting by now..)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

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.


16 posted on 12/12/2012 6:28:31 AM PST by MulberryDraw (That which cannot be paid, won't be paid.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

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.


17 posted on 12/12/2012 6:32:19 AM PST by duckman (I'm part of the group pulling the wagon!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

“the table is set”,

but those who actually create jobs have RSVP’d with “regrets”.


18 posted on 12/12/2012 6:33:15 AM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
[ Post Reply | Private Reply | To 1 | View Replies]

To: OB1kNOb

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.


19 posted on 12/12/2012 6:37:39 AM PST by rktman
[ Post Reply | Private Reply | To 4 | View Replies]

To: OB1kNOb

I don’t think two will be enough. It sounds like he had at least a dozen.


20 posted on 12/12/2012 6:43:41 AM PST by Gil4 (Progressives - Trying to repeal the Law of Supply and Demand since 1848)
[ Post Reply | Private Reply | To 4 | View Replies]

To: blam

Biggest problem: Inner-city education. Minorities not getting opportunities.

It’s ALWAYS inner city education and Minorities not getting opportunities.

This nation could give every black in this nation a million dollars, a 100,000 dollar a year government job and the finest schools ever imagined:

1) Detroit would still be Somalia
2) Black crime rate would still be high
3) teen black pregnancy would still skyrocket
4) Black schools scores would continue to fall
5) Blacks would still blame whites for not getting free HBO with their free cable.

This author is nuts...


21 posted on 12/12/2012 6:47:35 AM PST by Le Chien Rouge
[ Post Reply | Private Reply | To 1 | View Replies]

To: Lee'sGhost
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.

Or when the printing-press hangover sets in, they could jigger the numbers to make inflation look like "growth".

22 posted on 12/12/2012 6:49:13 AM PST by tacticalogic ("Oh, bother!" said Pooh, as he chambered his last round.)
[ Post Reply | Private Reply | To 9 | View Replies]

To: WorkerbeeCitizen
I wouldn’t exactly call 4% booming

That's a huge number for the largest economy in the world.

I would measure it by sales and income tax receipts at the State level. When these go up, they reflect true economic activity as people can't avoid these taxes and the States can't easily fudge numbers.

If zero can keep government impediment away from business, i.e. energy development, construction and other CAPEX; we may hit 4%.

That's a big if. The greens want to reduce economic activity, but zero does not owe the greens as the greens would vote democratic no matter what.

23 posted on 12/12/2012 6:55:10 AM PST by cicero2k
[ Post Reply | Private Reply | To 13 | View Replies]

To: Le Chien Rouge

I’m so tired of libs making excuses for blacks. They’ve been given more than enough opportunities to improve their situation in life. Time for them to shut up and look in the mirror.


24 posted on 12/12/2012 6:55:37 AM PST by EEGator
[ Post Reply | Private Reply | To 21 | View Replies]

To: Le Chien Rouge
"It’s ALWAYS inner city education and Minorities not getting opportunities."

I grew up and attended school in a NE city, one that's since become a "chocolate city". My (Catholic) HS's physical plant was so bad that the school eventually lost its accreditation. But in terms of academic performance, students did several orders of magnitude better than the public school students. Minorities get the nice new schools and get the opportunities, the difference is that they don't do an awful lot with them. This is a kind of a poverty that money can't fix.

25 posted on 12/12/2012 6:59:49 AM PST by Sooth2222 ("Suppose you were an idiot. And suppose you were a member of congress. But I repeat myself." M.Twain)
[ Post Reply | Private Reply | To 21 | View Replies]

To: Le Chien Rouge
This author is nuts...

Yes, and a Wall Street limo liberal, but then, the two terms are interchangeable.

26 posted on 12/12/2012 7:00:07 AM PST by TADSLOS (No need to watch the movie "Idiocracy". We're living it.)
[ Post Reply | Private Reply | To 21 | View Replies]

To: blam; mickie; flaglady
"......just our racism showing."

Worth showing also is that Jamie Dimon is head of JPMorgan Chase.....and long time best-buds with Obamie. All his answers save one show his leftist radicalism.

Yet, the common illusion is that Wall Street is a hotbed of rich Republicans.

Leni

27 posted on 12/12/2012 7:07:45 AM PST by MinuteGal (I'm Going to Update the Name That No One Dares to Utter and I'll Use It From Now On......OBAMUNISM !)
[ Post Reply | Private Reply | To 1 | View Replies]

To: frogjerk

Of course we’re pushing people away—and often they are our best and brightest who come here for STEM PhDs, then can’t stay and settle here.

You want non-English-speaking illegal immigrants with 8th grade educations, on the other hand—we’ve got those by the tens of millions.


28 posted on 12/12/2012 7:09:59 AM PST by 9YearLurker
[ Post Reply | Private Reply | To 6 | View Replies]

To: blam
=
29 posted on 12/12/2012 7:19:05 AM PST by rollo tomasi (Working hard to pay for deadbeats and corrupt politicians.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

Jamie is lying, in audition for propaganda minister.

We’ll be lucky to see 2% growth and 100K jobs per month.

Pretty sure I have more semester hours in Economics than he does.


30 posted on 12/12/2012 7:19:51 AM PST by G Larry (Which of Obama's policies do you think I'd support if he were white?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam
JOHN BOEHNER TO REPUBLICANS: 'Don't Make Plans For Christmas'
31 posted on 12/12/2012 7:24:18 AM PST by blam
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

The table may be set but all we can afford is a cup of hot water and two packets of ketchup.


32 posted on 12/12/2012 7:25:07 AM PST by bgill (We've passed the point of no return. Welcome to Al Amerika.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: G Larry

Bold prediction, we are at 2.5 and 150k jobs now.


33 posted on 12/12/2012 7:41:09 AM PST by CPT Clay (Follow me on Twitter @Clay N TX)
[ Post Reply | Private Reply | To 30 | View Replies]

To: blam

Smoke another one with Obamao, Jamie.


34 posted on 12/12/2012 8:04:04 AM PST by snowrip (Liberal? You are a socialist idiot with no rational argument.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam
-- Says relationship with White House is "fine" but that it's good that The White House is reaching out more.


35 posted on 12/12/2012 8:13:50 AM PST by TruthWillWin (The problem with socialism is that you eventually run out of other peoples money.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

I could sit and predict all kinds of utopia for the US, after all we are the greatest nation on the face of the earth. The POTENTIAL is there. But with trillions in debt, the unbridled printing of money, the addition of even more spending promised by zero, and NO LEADERSHIP in the White House... no way in heck that any good will come to us any time soon.


36 posted on 12/12/2012 8:28:03 AM PST by Reddy (B.O. stinks)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

I could sit and predict all kinds of utopia for the US, after all we are the greatest nation on the face of the earth. The POTENTIAL is there. But with trillions in debt, the unbridled printing of money, the addition of even more spending promised by zero, and NO LEADERSHIP in the White House... no way in heck that any good will come to us any time soon.


37 posted on 12/12/2012 8:28:06 AM PST by Reddy (B.O. stinks)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam
Anyone want to ask Mr. Dimon what is the real market value of those CDO mortgage assets still on JPMC's books? As opposed to the phony values they still claim... Oh, and I guess $16.3 trillion in public debt won't weigh on this marvelous new economy he envisions, either. It's all lollipops and gumdrops and skittle-crapping unicorns out there if you're a government-pumped banker. For the rest of us... not so much.
38 posted on 12/12/2012 8:32:29 AM PST by andy58-in-nh (Cogito, ergo armatum sum.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: andy58-in-nh
“ask Mr. Dimon what is the real market value of those CDO mortgage assets still on JPMC’s books”

Bingo... Dimon was the driving force behind much of the creation of mortgage back securities, bundling and “derivatives” that eventually imploded into our current economic mess. Listen to him at your great peril because his hands are in your pockets.

39 posted on 12/12/2012 8:44:00 AM PST by RedEyeJack
[ Post Reply | Private Reply | To 38 | View Replies]

To: muir_redwoods

4% is hardly booming.


40 posted on 12/12/2012 8:46:30 AM PST by DManA
[ Post Reply | Private Reply | To 3 | View Replies]

To: DManA

Comparatively, 4% would be a huge improvement.
But they’re pushing this as the “new normal”.


41 posted on 12/12/2012 8:54:09 AM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
[ Post Reply | Private Reply | To 40 | View Replies]

To: blam
This is an example of the satanic lies of obama... pump 47 Billion Dollars a month into buying up mortgages and then claim the housing welfare is really growth and they count 100% of it as private economic activity... but they never talk about borrowing that money because they never intend to pay that money back.

LLS

42 posted on 12/12/2012 8:57:55 AM PST by LibLieSlayer (WOLVERINES!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: MrB

Worse than they are trying to characterize it as “booming”.

We make the mistake of thinking everyone wants the same thing, just that we have different ways of accomplishing it. Wrong.

The progressives do not want growth. They think growth = the destruction of Our Mother. So it is not surprising that with them in charge we get no growth.


43 posted on 12/12/2012 9:00:23 AM PST by DManA
[ Post Reply | Private Reply | To 41 | View Replies]

To: CPT Clay

And what part of going over the cliff or grand compromise do you project will maintain or improve those data points.


44 posted on 12/12/2012 9:29:51 AM PST by G Larry (Which of Obama's policies do you think I'd support if he were white?)
[ Post Reply | Private Reply | To 33 | View Replies]

To: muir_redwoods

4% growth? What drug is this guy on? I want to get some of it.


45 posted on 12/12/2012 9:32:26 AM PST by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: DManA

You’re right but it’s looking pretty good right now.


46 posted on 12/12/2012 11:59:38 AM PST by muir_redwoods (Don't fire until you see the blue of their helmets)
[ Post Reply | Private Reply | To 40 | View Replies]

To: TADSLOS
Globalist Corporatist tool. Corpo-Socalism is so much more dangerous then Marxism because it sometimes works. Our corrupt Federal Government is being run by Foreign Banks!
47 posted on 12/12/2012 12:34:04 PM PST by cowboyusa
[ Post Reply | Private Reply | To 26 | View Replies]

To: RedEyeJack
Well if the Courts and Feds did not have their boots on the neck of the bankers wanting “everyone to buy a home, etc.”, the bankers would not have been so reckless.

Banks were trying to make money (You need to garner profits somewhere when dispensing suicidal loans) and the Feds eagerly agreed in they way they wanted to in order to make everyone happy. Like always, vote buying schemes blow up in the taxpayers faces.

48 posted on 12/13/2012 8:22:53 AM PST by rollo tomasi (Working hard to pay for deadbeats and corrupt politicians.)
[ Post Reply | Private Reply | To 39 | View Replies]

To: G Larry

I don’t, I was commenting (sarcastically) on what a bold prediction made.


49 posted on 12/17/2012 9:56:27 AM PST by CPT Clay (Follow me on Twitter @Clay N TX)
[ Post Reply | Private Reply | To 44 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson