Dorton: Jamie Dimon, CEO of JP Morgan, drafts five-point plan
I wish to commend Jamie Dimon, CEO of JP Morgan, for his well thought out article, “How to Rev the Growth Engine” in the September 17 edition of the Wall Street Journal. I don’t know Mr. Dimon’s political beliefs, nor do I care. Good ideas should be adopted by our leaders and those that seek higher office regardless of their source or political bias.
For too long our government leaders have addressed the problem du jour with no central focus. They end up pleasing no one and losing the trust of the people. The result has been something like Robert E. Lee’s comment regarding the Confederate Congress, “they do not seem to be able to do anything except to eat peanuts and chew tobacco, while my army is starving.”
I would urge our leaders and the current herd of candidates seeking the Presidency to completely adopt the 5 point program which Mr. Dimon succinctly lays out. Brevity is something else the Congress needs to adopt. It seems current law is made by the pound and not by common sense or need.
Rather than trying to solve all the nation’s problems at once, why not laser focus on a handful that will truly make a difference? Mr. Dimon suggests:
1. Infrastructure improvement is a natural job creator.
2. Immigration reform that creates a path to citizenship and allows hardworking people to remain in this country and contribute to its growth.
3. Public education policies that require high schools, community colleges and businesses to work together to craft programs that provide skills leading to meaningful employment.
4. Trade policies that embrace global markets and international cooperation. We will never live in “Fortress America” again. We need to align our trade policies with global reality.
5. We must address our fiscal problems. The current level of debt and spending isn’t sustainable. Tough choices are required and leaders with the backbone to make them.
I would think that these 5 issues would keep our leaders actively engaged during their next term in office. Were they to even adequately address 1 or 2 of them, the difference it would make for our country would be immense.
Let’s learn from an effective corporate leader and insist that our national politicians and those seeking national office clearly articulate a plan for addressing these issues. Do not accept sound bites and stump speeches that say nothing. Bore in and ask for a direct response to how they would address these 5 issues. Vote for those that can intelligently articulate a response, regardless of their political affiliation.
If the politicians of all stripes wonder what they can do to address apathy and anger in the electorate, let them adopt Mr. Dimon’s suggestions as a good starting point.
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