JPMorgan Chase CEO Jamie Dimon raised eyebrows this week with comments he made Friday regarding Democrats and their ability to navigate the “real world.”
“I have a lot of friends who are Democrats, and they’re idiots. I always say they have big hearts and little brains. They do not understand how the real world works. Almost every single policy rolled out failed,” Dimon said during a foreign ministry event in Dublin, Ireland.
Dimon has long supported Democrats but the leftward lurch of the party on social issues such as diversity, equity, and inclusion efforts has forced him to speak out. “We all were devoted to reaching out to the Black community, Hispanic, the LGBT community, the disabled — we do all of that. But the extent, they gotta stop it. And they gotta go back to being more practical. They’re very ideological,” he said.
A registered Democrat, Dimon has been comfortable supporting President Donald Trump’s policies even if they go against the majority in his party. The president’s on-again, off-again stance on tariffs has some in the financial world coin the phrase “TACO,” or “Trump Always Chickens Out.” Dimon has said he doesn’t support the pejorative and has insisted the president has been correct in reversing course on tariffs in some cases.
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Author: Marty Kaufmann
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