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Thursday, August 24, 2017

JPMorgan CEO Blasts American Media, Washington In Bizarre Conference Call

Wholly unsurprisingly, JPMorgan Chase CEO Jamie Dimon made financial pages headlines for abstractly criticizing Washington bureaucracy and the American media during a conference call with reporters on Friday. The call was meant to detail the bank’s record-breaking second quarter earnings.

“It’s almost an embarrassment being an American citizen traveling around the world and listening to the stupid shit we have to deal with in this country,” Dimon — who’d recently returned from an overseas work trip — complained, repeatedly banging on the table.

“The United States of America has to start to focus on policy which is good for all Americans, and that is infrastructure, regulation, taxation, education,” he went on. “Why you guys don’t write about it every day is completely beyond me.…

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Trump’s “Infrastructure Week” Scheme Was Another Media Fake Out

Reprinted with permission from MediaMatters.
By 
CRAIG HARRINGTON & ALEX MORASH

 

The White House’s rollout of its so-called “infrastructure week” agenda demonstrated once again that President Donald Trump and his staff are interested in policy discussions only insofar as they can generate short-term media narratives. The infrastructure scheme that the Trump team is pushing falls far short of the substantive approach necessary to address America’s infrastructure needs and stands in stark contrast to plans outlined by progressive advocates. The Trump plan seems designed to curry headlines rather than spur a serious media conversation about infrastructure.

On June 5, the White House released a vague six-page infrastructure outline touting the Trump administration’s goal to invest “at least $1 trillion in total infrastructure spending” over the next decade along with numerous other initiatives.…

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Trump Offers Fool’s Gold To Fund Infrastructure

Reprinted with permission from Alternet.

Donald Trump surrounds himself in gold. The signs on Trump buildings shimmer in it. His penthouse in New York is gilded in it.

He claims now to have found the alchemy to conjure $1 trillion in infrastructure gold. He plans to put up a mere $200 billion in federal funds and stir it together with $800 billion in private investment and state dollars.

That is fool’s gold. A falsely-funded infrastructure program is a massive broken promise. America needs real improvements to roads, bridges, schools, hospitals, airports, water systems, and railways. That requires a commitment of real tax dollars, not the relinquishment of America’s public assets to profit-seeking private Wall Street entities.…

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