Jamie Dimon for Treasury Secretary?

Jamie Dimon has recently become vocal, calling on President Trump to concede and for Congress to stop its "childish behavior" with regard to stimulus negotiations. 


This made me wonder, do you think Jamie Dimon would be a good fit for treasury secretary? Is this at all feasible, or would appointing a Wall Street CEO to the position be bad for optics and potentially alienate millions of left-leaning people? 


Curious to hear others' thoughts! 

 

Yes, he would be a decent choice, but appointing a Wall Street CEO would also be a bit of a non-starter with today's Democratic party. Biden probably would be fine with it, but the party is a big tent and he has to hold everyone from Bernie Sanders to Joe Manchin together. 

Commercial Real Estate Developer
 

Last week, you were arguing that the Democratic Party is not really socialist. Now, you're telling me that Biden can't pick the best person for the job because he might upset the powerful radical wing of the party....

 

I mean, Dimon isn't necessarily the best person for the job (I don't think such a thing exists for prominent Cabinet positions), and the fact that the party wouldn't support that pick doesn't mean it's socialist. It sounds like it'll be Yellen from the rumors and she's definitley not a socialist's pick.

 
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NoEquityResearch

Last week, you were arguing that the Democratic Party is not really socialist. Now, you're telling me that Biden can't pick the best person for the job because he might upset the powerful radical wing of the party....

Man, you really stretched a lot to try to make this point. In order:

  1. The Democratic Party is decisively not socialist. Hi. I’m a capitalist. I’ve also been a Democrat since 2018. 
  2. I think Jamie could do the job. I think he’s a smart and obviously accomplished guy. That’s a far stretch from the best candidate though. 
  3. The “radical wing of the party” is also not socialist. You can literally google the differences in political ideology between socialism and democratic socialism. 
  4. Every political party makes decisions based on compromise. Republican businessmen compromised with evangelicals and uneducated racist conspiracy theorists to win the presidency in 2016, for instance. Compromise is politics.  
Commercial Real Estate Developer
 
Analyst 1 in IB-M&A

Jamie Dimon has recently become vocal, calling on President Trump to concede and for Congress to stop its "childish behavior" with regard to stimulus negotiations. 

This made me wonder, do you think Jamie Dimon would be a good fit for treasury secretary? Is this at all feasible, or would appointing a Wall Street CEO to the position be bad for optics and potentially alienate millions of left-leaning people? 

Curious to hear others' thoughts! 

Not that he'd be bad, but I'm not sure he's the "best" choice either.  Running a private-sector business is not necessarily good training for running a government entity.

 

Can you spell conflict of interest?  The irony is that he would probably alienate the far left Democrat base who would tear their hair out over his appointment, but the corporate Democrats ie Obama/Kamala/Joe would love him.  Just look at the cabinet list Joe's already put together, it's just like Obama's, all big corporate names. 

"The obedient always think of themselves as virtuous rather than cowardly" - Robert A. Wilson | "If you don't have any enemies in life you have never stood up for anything" - Winston Churchill | "It's a testament to the sheer belligerence of the profession that people would rather argue about the 'risk-adjusted returns' of using inferior tooth cleaning methods." - kellycriterion
 

CRE

PrivateTechquitycorporate Democrats 

Is this supposed to mean something other than what rose twitter calls everyone who isn't Bernie Sanders? 

If you can't grasp the idea that there is a clear delineation between factions of ultra-progressives, moderates, and corporatists within the Democrat party you're observation skills are woefully subpar.  Try turning on a political commentator that isn't spoon-fed by one of the major networks for a change.  The same thing exists within the Republican party between hardcore evangelists, old school corporate conservatism, and neoconservatism.  Granted just because the separation exists doesn't mean they don't coalesce when it gets down to party vs party, but there's plenty of infighting in both groups between factions jockeying for position in local elections and national election primaries.  

"The obedient always think of themselves as virtuous rather than cowardly" - Robert A. Wilson | "If you don't have any enemies in life you have never stood up for anything" - Winston Churchill | "It's a testament to the sheer belligerence of the profession that people would rather argue about the 'risk-adjusted returns' of using inferior tooth cleaning methods." - kellycriterion
 

I pray to god Wokeahontas never holds a cabinet position.  BLACK TRANS WOMEN ARE THE BACKBONE OF OUR DEMOCRACY despite making up less than 0.01% of the population...

"The obedient always think of themselves as virtuous rather than cowardly" - Robert A. Wilson | "If you don't have any enemies in life you have never stood up for anything" - Winston Churchill | "It's a testament to the sheer belligerence of the profession that people would rather argue about the 'risk-adjusted returns' of using inferior tooth cleaning methods." - kellycriterion
 

The black trans lives crap feels like a 4chan hoax or troll-gone-wrong a la the "ok sign" being racist-- Like someone was trying to sarcastically tag extra wokeness onto BLM to highlight woke absurdity and then it sprung into a movement of its own. I refuse to accept that the black trans lives matter movement is organic. Also, why don't black chicano non-binary disabled lives matter? Or is that up next?

 

I could get behind bringing back mama J, she's an OG. 

"The obedient always think of themselves as virtuous rather than cowardly" - Robert A. Wilson | "If you don't have any enemies in life you have never stood up for anything" - Winston Churchill | "It's a testament to the sheer belligerence of the profession that people would rather argue about the 'risk-adjusted returns' of using inferior tooth cleaning methods." - kellycriterion
 

Heard this as well and I think she'd be a great choice

I’m a fun guy. Obviously I love the game of basketball. I mean there’s more questions you have to ask me in order for me to tell you about myself. I'm not just gonna give you a whole spill... I mean, I don't even know where you're sitting at
 
Analyst 1 in IB-M&A

Is this at all feasible, or would appointing a Wall Street CEO to the position be bad for optics and potentially alienate millions of left-leaning people? 

Yes, unfortunately, good policy decisions often have a tendency of alienating millions of left-leaning people. If you look at recent the history of US Treasury Secretaries, a bunch are straight from Wall Street. Appointing Jamie Dimon would hardly be an outlier. 

 

The optics of appointing him would be terrible. 

Roger Ferguson is retiring. He has prior quasi-government experience in the Fed, plenty of ties to the Harvard deep state, still a 'Wall Street' guy even though the general public may not consider TIAA to be Wall Street, other 'factors'.....I'd put my money on him. 

 

Dimon is an experienced deal maker and would do wonders as Treaury Secretary but honestly why would he want the job? At JPM, he runs the show and gets to accumulate his wealth unopposed. As Treasury Secretary, he would have to incessantly battle with Congress and The White House to enforce his ideology. Roger Ferguson and Janet Yellen are better fits honestly. Just pray it’s not Warren or Sanders as Secretary or else we’re all fucked. 

 

I like Jamie Dimon and saw him speak a long time ago.   Wow, if I had a dollar for each F bomb that came out of his mouth, I would be super wealthy.   I am not opposed to Jamie Dimon as Treasury Secretary but I would prefer someone like Janet Yellin.  

 

I'd like to have him as the POTUS. Guy's gonna tell both smooth brained Democrats and Republicans to STFU.

Looking at you Mr. Sherrod Brown "Black and Brown people are being treated badly" & Mrs. Martha McSally "idk the difference btw asset managers and  investment banks".

 

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