Article • Dean Baker’s Beat the Press
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Those of you who thought that Jamie Dimon, JP Morgan’s CEO, was only good at blowing billions of dollars in risky bets, will be surprised to discover that he is also an expert on the impact of the government debt on the economy. That at least is what Dana Milbank would have us believe.
Milbank commented that President Obama is:
“hoping to limp to a second term without addressing the looming debt crisis — which, as JPMorgan Chase’s Jamie Dimon told Congress this week, has contributed to today’s economic malaise.”
Hey, if Jamie Dimon says it, it’s got to be true.
This diatribe stood out even by Washington Post standards. The headline, “skip the falsehoods, Mr. President, and give us a plan,” essentially calls President Obama a liar because he won’t cut Social Security and Medicare as Milbanks wants.