CEO of JPMorgan – His Smoke and Mirrors…

NEW YORK — Since President Trump’s election, Jamie Dimon has emerged as one of Wall Street’s most prominent voices in Washington. The chief executive of JPMorgan Chase serves on the White House business advisory council and is chairman of the powerful Business Roundtable.

But in a series of calls on Friday to discuss the big bank’s quarterly profits, Dimon vented his frustration with gridlock in Washington. “It’s almost embarrassing being an American citizen … and listening to the stupid s— we have to deal with in this country,” Dimon said in one conference call. The inability to make headway on significant legislation is “holding us back and it is hurting the average American. It isn’t a Republican issue; it is not a Democratic issue.”

Dimon has resisted calls from shareholders to step down from Trump’s business council and fell short of criticizing the Republican on Friday. “We have become one of the most bureaucratic, confusing, litigious societies on the planet,” he said. ” … And at one point we all have to get our act together or we won’t do what we’re supposed to do for the average Americans.”

Since the Great Recession, the nation’s economy has been growing at a rate of 1.5 percent to 2 percent despite “stupidity and political gridlock because the American business sector is powerful and strong,” Dimon said. “What I am saying is it will be much stronger growth had we made intelligent decisions and we were not gridlocked.”

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Dimon’s criticisms of the ways of Washington came as some of the largest banks in the country — JPMorgan Chase, Wells Fargo and Citigroup — reported larger-than-expected quarterly profits on Friday. The banks said they had received a boost from a slight increase in interest rates.

JPMorgan’s second-quarter profits rose 13 percent to $7 billion compared with the same period last year. Revenue rose about 5 percent to $26 billion. Wells Fargo’s second-quarter profit rose to $5.8 billion compared with $5.56 billion in 2016. At Citigroup net income fell about 3 percent to $3.87 billion during the second quarter but still beat analysts expectations.

We don’t know about you all but the preceeding is quite interesting. Especially given the remarkably obvious bone Dimon threw to the “average” American. The reality is the powerful head of JP Morgan s really talking about his displeasure with Washington because the profits of JP Morgan and the financial giants didn’t grow as fast as he and other CEO’s would have liked. Connect the dots folks. It ain’t about the “average” Americans at all. It is about pure obscene profit growth. PERIOD.

Full article HERE.

As It Ought To Be And Can Be, When Trump Is Out Of The White House…

Now THIS is what we’re talkin about!

George W. Bush: Bill Clinton is a “brother with a different mother”

Former presidents George W. Bush and Bill Clinton shared a stage Thursday night at a leadership summit in Dallas to share what they’ve learned in their days before, during and after the presidency.

The two former presidents, although they’re from opposite parties, said they share much in common, they noted at a Presidential Leadership Scholars conference at the George W. Bush Presidential Center. They are two of only 13 presidents in U.S. history to serve two consecutive terms, and Mr. Bush, at 71, is only 44 days older than Mr. Clinton, 70. They were also both governors of southern states — Mr. Bush of Texas, and Mr. Clinton of Arkansas. Mr. Bush’s father, former President George H. W. Bush, also aided Mr. Clinton as he entered the presidency in 1992, as Mr. Clinton in turn did for the younger Mr. Bush in 2000. To this day, Mr. Clinton has annual visits with George H. W. Bush.

The pair joked about their friendship, despite Mr. Clinton beating Mr. Bush’s father in 1992.

Mr. Bush said it “starts with [him] being a person refusing to lord his victory over dad. Dad was willing to rise above the political contest. Both men displayed strong character. Why do I have a friendship with him? Well, he’s called a brother with a different mother.”

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But Mr. Clinton also had some words of caution for the future. He noted that in today’s digital age, people “get news in silos,” and, without mentioning President Trump said the U.S. “can’t continue to grow this economy” without immigrants.

“One of things wrong with America is we have separated ourselves in like-minded communities,” Mr. Clinton said. “We don’t want to be around with people who disagree with us typically. And we get news in silos. Diverse groups make better decisions then homogenous ones.”

To anyone hoping to run for president, Mr. Clinton said they need to answer a fundamental question: “But why in the heck are you running?”
“If you want to be president, realize it’s about the people, not about you,” Mr. Clinton added.

Full article BELOW THE FOLD.

 

America’s Disgrace…

The following are excerpts from THE RUSSIANS ARE COMING. Written by Patti Davis it touches upon what we believe the majority of Americans understand. Ms. Davis’ concerns are the concerns of millions upon millions of patriotic Americans. Isn’t time the GOP leadership in congress and the rank and file republicans acknowledge what a pig in a poke they supported and begin doing something constructive to alleviate the threat to our democratic republic?

… I don’t find it so funny anymore. Not that I think boats are going to land in Malibu, or that an entire country will be washed in gray, but the idea of Russia gaining leverage and even dominance over America no longer feels impossible.

In six short months Donald Trump, the president who doesn’t know how to be one, has tipped America off its position as the most powerful country in the world and left us scrambling in the dust, trying to remember who we are and who we are supposed to be on the international stage. David Gergen pointed out how sad and sobering it was to see, at the G-20 summit, that America is no longer the major player. I would add that what is particularly sobering is how quickly power can be dismantled. Our democracy was supposed to be invincible — that’s what many of us had come to believe. But that isn’t true. One man, whose arrogance and ego lead him trippingly into chaos of his own making, can turn a shining city on the hill into a shadowy, taudry replica of itself. Where once we had currency in the world, we are now left holding fool’s gold.

The almost Shakespearean irony of Donald Trump as president is that his worst fear — that of being ridiculed and disregarded — is precisely what he has created by his own actions. If he was quiet for five minutes he might hear the echo of Putin’s laughter carried on the wind across countries and oceans. But Trump’s ego is a loud, boisterous thing and will never allow him to hear anything that might cause him to reflect.

I hate to end on a chilling note, but I’m going to. Our democracy, and the dignity of America, is wounded and bleeding out. It doesn’t mean that it can’t be restored and healed, but not by this administration. And it will only get worse if those intent on making excuses continue saying that Trump and his extended family are new at this governing thing, and are just bumbling a bit. They know exactly what they’re doing. And so does the rest of the world.

We’re certain President Ronald Reagan would wholeheartedly concur with his daughter.

Read complete article HERE.