Overheard on CNN.com: Can you describe U.S. economy with poker metaphors?
JP Morgan Chase CEO Jamie Dimon says the United States has a "royal straight flush." What hand would you suggest?
May 9th, 2012
07:27 PM ET

Overheard on CNN.com: Can you describe U.S. economy with poker metaphors?

Editor's note: This post is part of the Overheard on CNN.com series, a regular feature that examines interesting comments and thought-provoking conversations posted by the community.

JP Morgan Chase CEO Jamie Dimon recently suggested that the United States has a "royal straight flush," a name for the best hand you can have in poker. Dimon cites the world's strongest military, best businesses, most entrepreneurial workforce and deepest capital markets. And, he says, things would be even better were it not for government policies. Some readers at the proverbial table nodded in agreement, while others thought he might be bluffing a bit.

Jamie Dimon is bullish on U.S. economy

A few commenters responded with poker terminology of their own, while others could potentially have such lingo applied to their remarks. Let us explore some poker metaphors.

Pair of threes

Mtl300: "Jamie Dimon sees a 'royal straight flush' with stacked red and blue chips on the table ... most of us see a 'pair of threes' with a handful of one-penny white chips on the same economic table ..."

Ride it out

David R Priest: "I know of 16 trillion reasons that the U.S. is not holding a good hand right now, but if we take a few cards and throw away a few bad ones, we could get back in the game."

Flush

Nelba: "The economic flush I see is of a different kind. :)"

Of fish and sharks

Spinoff55: "Yeah ... but where are the 4 million other jobs? Could it be that the former 'employer-of-last-resort' is not in the game? Instead of blaming business, the present policy-makers and legislators ought to accept responsibility. The mad dash to 'reduce-the-budget-at-all-costs' may have come at a very high price indeed: a stalled economy."

rckymtn4: "Wow, are you proposing that government should have produced the other 4 million jobs? I would hardly call an economy where 50 percent of job growth is in the public sector as a vibrant economy."

LiblMedia: "Who reduced the budget? Obama has never had one and continually runs more than a trillion dollar deficit every year. Obama is spending more money than the government takes in tax revenues. The irresponsible excessive spending by an incompetent community organizer has indeed stalled the economy."

Freeroll?

thing55: "I wonder if Dimon thought he had a royal straight flush when JP Morgan had to be bailed out by the feds in 2008."

JH1: "That would actually be called a freeroll."

Tom Evans: "JP Morgan was pressured into taking these bailout funds. They didn't need it but the government's position was that if the healthy banks didn't participate it would make the others banks look bad and somewhat discredit the program. This money has since been paid back with interest. So the taxpayers actually benefited."

Floating?

oldman52: "Did he say economy royally flushed? What does JP Morgan Chase produce again? Glad he's standing on the bridge of the Titanic. I hope that golden parachute floats ..."

Bluffing

Ryan Vigus: "Sounds like Dimon is bluffing his hand up a bit. Too bad he has a serious tell called reality."

Ace in the hole

Gary Ream: "You have to admire Dimon talking like a straight-thinking populist. If he walks the walk he should turn up the volume because he's got a big future."

Poker face

mycorner: "And I bet 'all in' that he said that with a poker face!"

Like a rock

devilsporkch: "No skin off his nose. He can tell any tale he wants and nothin' will touch him ... dirtbag ... of course he loves America, it's all stacked in his favor."

Strange chips

Ren Bis: "Financed with monopoly money ..."

Three of a kind

ataxed99er: "We have a market economy but we have strayed far from capitalism. A capitalist free market economy consists of three co-equal parts: The producers, the market, and labor. Money flows from the producers to the labor force to the market and back to the producers. In the other direction we have work converted into goods by the producer which are sold to the market and then sold to the labor force. The model only works if producers are paying fair wages and if the price of goods represents the full cost of their production and there is no outside influence tilting things. Around 1980 the flow of wealth from the producers to the labor force slowed to a trickle. As a result the economy could have crashed but instead people worked 2nd jobs or a spouse entered the workforce. When that influx of cash made its way to the producers and stopped we again could of had a crash. instead people kept spending but now it was on credit and equity. In 2008 when house prices started falling the source of money that was driving the economy went away. CRASH. Low wages are the problem. 'All wealth comes from labor' - Adam Smith"

cartman1: "You assume a closed-loop economy. This economy is global and we have few US producers left yet we all shop at Wallyworld. Our labor force cheers the lower prices on the shelves by sending their money to producers in China that pay peanuts to their own labor. In the end, either American pay goes way down or workers in China get paid way more. The capitalist free market economy still has three legs but they are not equal in a geographical sense."

vsaluki: "So, with all of the people that feel like you, why are you not starting companies and paying high wages? 'The model only works if producers are paying fair wages and if the price of goods represents the full cost of their production and there is no outside influence tilting things.' If the price of goods represents the full cost of their production, why would anyone bother to start and run a company?"

Calling stations

Eddie Padilla: "It is what it is. I know many people like myself are out there working, and working hard to make a good impression for more opportunity. I don't mind working hard at all, but I know many people just stop caring due to the lack of merit companies and corporations give financially to the good workers. It's always the kiss-butts and the ones who have inside connections that get the benefit. One day I'm just going to go to work for myself and start my own business. Infact, more people need to start saving, and start investing and try to start their own businesses that will recognize hard work and stop taking advantage of people."

vsaluki: "Once you see what you are facing in trying to start a business you may actually start making sense."

Upping the ante

CrazyRaymo: "Here is a man who has personally created thousands of jobs, provided mortgages to thousands of people and paid millions of dollars in taxes. And he has a message of hope. What is wrong with that?"

What cards were you dealt? Share your opinion in the comments area below and in the latest stories on CNN.com. Or sound off on video via CNN iReport.

Compiled by the CNN.com moderation staff. Some comments edited for length or clarity.

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Filed under: Business • Economy • Overheard on CNN.com
soundoff (20 Responses)
  1. Ted M.

    You cannot "austerity" your way to a strong economy if you are in a depression or strong recession.
    That is something they teach you in Economics 101. It's a solid, proven part of modern economic theory.
    But we have these "jokers" in the deck who want to turn back the clock and do the failed policies of the past.
    We don't need to bluff our way with solid economic theory. We have tons of proof that "austerity" is a total failure.
    Time for the "jokers" to fold and leave the table before they get thrown out onto the sidewalk by an angry mob.

    May 9, 2012 at 8:08 pm | Report abuse | Reply
  2. veteran

    3 and a half years ago the u s went all in and lost.So we borrow our grand kids money from china and go all in with solndra and got busted again.Socialism dont work and the president is the joker that thinks it does.

    May 9, 2012 at 8:36 pm | Report abuse | Reply
  3. chrissy

    Wth? Where did the comments go?

    May 9, 2012 at 9:21 pm | Report abuse | Reply
    • nsaidi

      The posts were impersonating other users, so they were removed.

      May 9, 2012 at 9:24 pm | Report abuse |
  4. chrissy

    Well mine wasnt and it was removed too. Ok try this again i guess. Good evening veteran and welcome back.

    May 9, 2012 at 9:26 pm | Report abuse | Reply
  5. banasy©

    I will say this:
    Poker is gambling; I dislike the idea of the future of our economy being gambled with using money that is not the gambler's in the first place.
    It is easy to play recklessly when it isn't YOUR money at stake...
    It's usually the person who can afford it the least that loses the most.

    May 9, 2012 at 9:36 pm | Report abuse | Reply
  6. chrissy

    Good post @ Ted. Its time for change and the change has to start in Congress. This country cannot go forward if we do not have a *working* congress. The voters HAVE to get it right this time or we will only go backwards. And Obama cannot do it alone.

    May 9, 2012 at 9:39 pm | Report abuse | Reply
  7. veteran

    Thank you goud evveening banasy the white knight is baak

    May 9, 2012 at 9:43 pm | Report abuse | Reply
  8. veteran

    Excelant post banasy poster of the day!!

    May 9, 2012 at 9:48 pm | Report abuse | Reply
  9. chrissy

    Me either banasy, lol i would much rather give my money to a needy streetperson than to throw it away gambling.

    May 9, 2012 at 9:48 pm | Report abuse | Reply
  10. chrissy

    lol banasy, i wondered.

    May 9, 2012 at 9:58 pm | Report abuse | Reply
  11. banasy©

    Have a fabulous evening impersonating me, and have a fabulous evening thinking you all are talking to the real banasy©.
    Just so you know it's me, welcome back, L.H.
    I have had it up to here with the inability to do anything about the jackers.

    Good night.

    May 9, 2012 at 10:00 pm | Report abuse | Reply
  12. madmaninthemiddle

    This isn't a hand; it's a foot. – Uncle Fritz.

    May 10, 2012 at 1:56 am | Report abuse | Reply
  13. devans

    There are alot of godd ideas flowing and that will be the first step in getting our country back on tract, communication. Nobody can do it alone, but we can do it. It will take time, this didin't happen ouer night. Take care, say your prayers, and work like hell.

    May 10, 2012 at 5:25 am | Report abuse | Reply
  14. PEDO BEAR

    The government handed me a pair of hot steaming dueces!

    May 10, 2012 at 6:29 am | Report abuse | Reply
  15. saywhat

    Let me offer you news about a different kind of card in that stack. The 'Hidden'.

    Yesterday the House approved quietly, a bill to let Israel get a record 4 BILLION military spending aid in 2013. The sponsors were Ilena Ros-Lehtinin (R) and Howard Berman (D).
    It was all done without a debate & away from the prying ears & eyes of a usually asleep American public. Our 'free' media as usual keeps mum about this sort of thing. Funds desperately needed at home if any one cares.

    May 10, 2012 at 10:19 am | Report abuse | Reply
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