Jamie Dimon really loves America.
The JPMorgan CEO went all patriotic in an interview with CNBC on Monday, saying that, yes, America has challenges, but that it has an “unbelievable future” ahead of it.
Here’s the transcript from the interview (emphasis mine):
“I’m going to talk about the United State patriotically for a second. We have the best military on the planet, the best military barriers ever built, called the Atlantic and the Pacific. Very peaceful and friendly neighbours called Mexico and Canada. Some of the best universities on the planet, some of the best businesses on the planet, great work ethic, great rule of law, other than how it often applies to banks. The widest and deepest financial markets that the world’s ever seen. You don’t get that in Brazil, Russia, India, China. I’m not making fun of them. We have all the food, water and energy we should need. Again, you don’t get that [elsewhere]. And I’m saying this out of respect for China. They don’t have enough food, water and energy. They have 500 million people living in poverty and they have a lot of very tough neighbours in the neighbourhood. So you know, we, America, should look at what we do very well. Our future is going to be unbelievable.”
It’s not all rosy, of course. He added:
“We don’t have a divine right to success. So I agree with a lot of politicians out there when they say we’ve got serious issues. We do. Immigration, infrastructure, income inequality is one of them, you know, which is why we’re changing our wage rates at JPMorgan. So let’s get together, collaborate and fix the problems so that beautiful future we have is one we accomplish.”
The CEO has become increasingly vocal about economic and political issues facing the US and the world, highlighting some of the challenges that exist, while also pointing out that America isn’t in as bad a way as some would have you believe.