Monday, June 6, 2016

Jamie Dimon's Seductive Lies



Whenever JPMorgan CEO Jamie Dimon talks, my B.S. detector starts flashing like a police car's strobe light. He reminds me of Satan: He says just enough truth that you have to watch closely for when he veers off the rails of reason.

Take this latest interview from CNNMoney, where he discusses the current politics:

JPMorgan Chase (JPM) boss Jamie Dimon called the political environment "terrible," and blamed talking heads on cable news for making it even worse. 
"They are just jazzing you up. You're being manipulated," Dimon told CNNMoney's Poppy Harlow in an exclusive interview from Detroit. 
The JPMorgan CEO specifically mentioned both FOX (presumably Fox News) and MSNBC, suggesting an echo chamber exists when voters go home and watch these networks. 
"Once it's ideology, your feet are stuck in cement. You can't move anymore. You can barely breathe -- and then you're just angry," Dimon said. 
Dimon also knocked the political candidates, saying the "scapegoating" and "finger pointing" are not helpful.
Instead of listening to the political rhetoric, Dimon urged voters to "learn to think for yourself" about the key issues, possible solutions and potential unintended consequences. 
"It's really important that policy be properly designed. It's not enough just to...get angry over a subject," Dimon said. 
So far, so good.

But then we reach his real motive:

...Dimon expressed concern about how leading presidential candidates on either side of the aisle have bashed free trade. Both Donald Trump and Bernie Sanders have blamed trade deals for shipping jobs overseas and Hillary Clinton has said she doesn't support the Trans Pacific Partnership. 
This is just a hunch, but I would be willing to bet there is some way that Dimon plans to profit from these free trade agreements.

If that isn't enough, Dimon goes on to pile on some bull sugar:

Dimon said he gets why average Americans are upset following the Great Recession. 
"I understand too that there are segments that have been left behind. And they are angry," he said. 
I cannot imagine why they would be angry? Oh wait, maybe it is because Dimon was one of the "too-big-to-fail" bank CEO's who crashed our economy? Let us add this little fact to it:

Dimon has given to both Republicans and Democrats in the past and was a major fundraiser for President Obama's 2008 campaign. However, he hasn't given to any of the 2016 presidential candidates, according to OpenSecrets.
Dimon was handing out bribes campaign donations to politicians leading up to the economic collapse, followed by Dodd-Frank which made the TBTF banks even bigger!

Dimon has played our political system like a fiddle, and had our politicians dancing like fools for his own benefit. Like the saying goes, "follow the money". Dimon's money trail shows how he has influenced American politics in the past. Don't be surprised when you see his campaign donations to the eventual presidential winner this year.

Finally, Dimon added this:

And Dimon urged today's politicians to recall how Abraham Lincoln handled far more challenging situation. 
"Abraham Lincoln never denigrated, never scapegoated, never finger pointed. And he had reason to," Dimon said. "Those problems were worse and he held the country together and got people to work together in a wonderful way." 
He quoted Lincoln's famous pledge in his second inaugural address to "bind up the nation's wounds" following the Civil War. 
"We need a little binding this election. A little love," Dimon said. 
Translation: Satan likes the status quo, because it does what he wants. Can't you feel the love?

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