Will Jamie Dimon’s Rant Create Another Tea Party Movement?

Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

“We have become one of the most bureaucratic, confusing and litigious societies on the planet…We need to get our act together.”

— Jamie Dimon, CEO, JPMorgan/Chase

The stock market has defied the Cassandras and continues to move higher, despite failure of the Trump administration to advance its agenda of cutting taxes and regulations.

We will be confronting Senator Mike Lee at FreedomFest this Friday, July 21, with this paramount question: Why can Democrats push through legislation (ObamaCare, Dodd-Frank) when they are in power but Republicans can’t?

Often the Democratic Party is called the “evil” party, and the Republican Party is called the “stupid” party. Both seem to be about right.

Last week, Jamie Dimon, the CEO of JPMorgan Chase, engaged in a rant not unlike what CNBC’s Rick Santelli did in 2009 after the financial crisis (which led to the Tea Party Movement). Dimon said what is on the minds of most intelligent Americans — we are fed up with the big-government bureaucracy that is strangling our economy. And both the Republicans and Democrats are at fault.

In discussing second-quarter earnings, Dimon said he was disgusted by the “slow growth” policies coming out of Washington since the financial crisis. “We have become one of the most bureaucratic, confusing and litigious societies on the planet,” Dimon said. “It’s almost an embarrassment to be an American citizen traveling around the world and listening to the stupid sh—t we have to deal with in this country.” He warned that “we need to get our act together” — specifically by rebuilding our infrastructure and our education system, and by cutting taxes and regulations.

According to Dimon, other countries are much more friendly toward business. “I was just in France, Argentina, Israel and Ireland. We met with the Prime Minister of India and China. It’s amazing to me that every single one of those countries understands that practical policies to promote business and growth is good… for the average citizens of those countries, for jobs and wages….”

Dimon said it was time to end the gridlock in Washington and eliminate all the unnecessary regulations, taxes and excessive welfare that is going to bankrupt America.

You can listen to Jamie Dimon’s statement here: https://www.youtube.com/watch?v=phL-UDaZzBg

What’s amazing is that Dimon is no partisan Republican — in fact, he donates mostly to the Democratic Party. His bipartisan attack on Washington included Democrats, who are uniformly obstructionists to tax and regulatory reform.

Is anyone listening? Jamie Dimon’s rant deserves widespread support by all citizens.

In case you missed it, I encourage you to read my e-letter from last week about the respective roles luck and skill play in your success.


share on:

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE

previous article

Online social media giant Facebook, Inc. (FB) is a recurring favorite among Alpha Algorithm strategies. Because of our focus on risk management, it is also a stock that you already have held on three separate occasions and were stopped out of for 10%, 15% and 10% gains, respectively. With the stock breaking out to new highs yesterday, and an astonishing 15 Alpha Algorithm strategies betting on the stock, I am recommending that you re-enter this position. Foun

share on:


Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

  • Forecasts & Strategies
  • Home Run Trader
  • Fast Money Alert
  • Five Star Trader
  • TNT Trader

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

  • Cash Machine
  • Premium Income (exclusively for subscribers of Cash Machine)
  • Quick Income Trader
  • Breakout Profits Alert
  • Hi-Tech Trader

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

  • Successful Investing
  • Intelligence Report
  • Bullseye Stock Trader

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

  • Retirement Watch
  • Retirement Watch Spotlight Series
  • Lifetime Retirement Protection Program

Jon Johnson

Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services:

Product Details

  • Investment House Daily
  • Technical Traders Alert
  • Success Trading Group


Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

  • Dividend Investor