Jamie Dimon for President?
I just read Ackman’s post.
I think Jamie would be an interesting contender in the presidential race. I don’t think he’ll run but what do y’all think?
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He’s more effective as an advisor to the president
Agree!
Why would he downgrade?
He would be infinitely better than Biden or Trump, though that's basically the lowest bar possible. On topic though, almost 0% chance he runs, almost 0% chance he could win the primary in either party, and almost 0% chance he would win the general. Banks are not popular with the public to begin with and he is dealing with being implicated in a banking scandal involving Epstein (for the record I have no idea what is actually going on there myself, but his name appearing in headlines next to Epstein's is not good and gives enough room for scandal). I would love to have someone like Jamie Dimon or Bloomberg run and win, but I just don't think that's possible at the moment. Hoping for Youngkin in 2028 at this point.
Bloomberg did run...didn't get far. Look up "Bloomberg it's pronounced Texas".
0% chance.
Needs to appeal to black caucus to win a dem nomination....he has no connections there like biden did with rep Clyburn.
Too liberal for conservatives.
Aoc wing will hate him.
He's not gay nor panders to lgbt so that's another core dem bloc he doesn't get
Who is his base? Finance bros that scroll fin twitter?
Yeah this. Zero chance he wins over the general public as the billionaire CEO of the largest investment bank in the country, especially with ties to epstein. That's literally the epitome of the "elite" which the majority of the country hate. Trump didn't have this problem because he was already a household name as a celebrity and he ran as an anti-establishment candidate which Dimon clearly won't be.
Thats funny you say that. I heard him speak at a conference and he rattled off his political opinions one by one the entire time. He sounded like David Sacks except a much better speaker. I was surprised he wasn’t more diplomatic. Don’t think prez is likely for reasons other people mentioned but I could see him as treasury secretary.
Agree, if you listen to him speak in any environment that isn't tightly controlled he kind of goes off... not to say his opinions are bad or anything but he is simply just not diplomatic and has no patience for that. Even at softball/fluff things like employee town halls he says off color or totally backhanded remarks. I don't think he would be happy in politics where so much of it is kind of based on showmanship. He is happy and successful as a banker and I don't see him leaving that to run
To run a multi TRILLON dollar, highly regulated global bank with elite clients, you can't succeed for DECADES without knowing how to be diplomatic, politically savvy and an expert networker.
Or just have dirt/leverage over everyone you deal with...
Dimon is a mess. If he ever runs, the joke of his character will be exposed
Besides the Epstein shenanigans, how so?
You have to know the guy. He was born to be a banker, and that is absolutely it.
Dimon's political ambitions have been obvious for years, he frequently talks about wanting to serve America, seems like it is only a matter of time before he runs.
Posting this because it is interesting to look at how the following 13 years went; https://www.nytimes.com/2010/12/05/magazine/05Dimon-t.html
Got a non-paywall by chance? I'm don't want to give NYT a $1.
The most powerful banker in the world has little chance of winning a major party nomination, let alone winning the general election.
Is dimon even a banker? He hasn't spent any portion of his career in ib/m&a. He's basically a glorified corporate function delegator that thinks he's a real "banker". Sorry, that's for the real chads in IB. Probably has never made a dcf or lbo model in his life. I bet he couldn't even pass hard ib technicals.
I’d vote for John Thain
I’d vote for John Thain’s Limo Driver.
Being president means being a leader, someone able to act for the Nation. Someone with a killer instinct and willingness to make the hard choices while rallying the American people to support him. A commander-in-chief.
Dimon is one of only a few Wall Street dudes who can probably act as an executive overseeing a complicated government. But even that may not be saying much.
Most finance dudes are operators who couldn’t manage their way out of a paper bag. I mean, look at the mess those private equity clowns get themselves into when they try to run a real business. Or look at Trump, the deal making genius who ruined everything he ever touched. America can’t take the chance that a president from Wall Street be another Trump. I’d take Bezos anytime over Dimon.
Let’s leave presidency to serious men and keep Wall Street dealmakers out of things they’re only going to screw up.
Where are these serious men? Biden has practically never had a real job in his life. Obama was a community organizer and college teacher who wrote a book about himself, Trump is a trust fund baby and reality tv star, Reagan was an actor.....the bar to be president is really really low.
Biden got elected to the Senate in 1972. He’s been there ever since.
How on earth is that not a real job? I’d kill to be one of a 100 US Senators.
The fundamental difference between the corporate world and the government, at least in the liberal West, is that government employees effectively have tenure. It's extremely difficult to fire them.
If your "employees" don't want to follow your instructions, and you can't get rid of them (both because it's not allowed and because the system is too complicated to function without them), then you aren't really in charge. The bureaucrats are. No single one of them is exceptional or irreplaceable, but as a class they actually run the country.
I work in a highly regulated field and interact with the government constantly. But I almost never interact with any elected officials, the people who are supposedly in charge. They might show up to some celebration and take photos, but otherwise they're irrelevant. The real government consists of bureaucrats at regulatory agencies who administer complex regulations.
Even on the occasions when a legislative vote is needed, the legislators often rely heavily on the expertise of the permanent bureaucrats. I was once involved in the passage of a bill (at the state level) that affected my business, and had a window into the process. The text of the bill was mostly written by lawyers who worked for a certain state agency, and every insider involved took it for granted that if that agency was on board, the passage of the bill was certain. The actual elected officials would show up on the appointed day and vote the way the bureaucrats told them to, like trained seals.
The US president does have real power in foreign policy: he can decide to shoot missiles at Syria if he wants to. But in other areas he has much less power than people think. CEOs of private companies, who can fire whomever they want and redirect the entire mission of the organization, are more analogous to dictators than to modern US presidents. That's why "competent CEO comes to Washington and cleans house" is a meme, not a real thing.
He is a banker that was bailed out in 08' and some might say one of those responsible for the financial meltdown in the first place, he wouldn't stand a chance. Having said that, I thought Trump's goose was cooked after the whole "grab em by the pussy" thing and he still won, so anything is possible.
That's because 90% of his supporters don't care about stuff like that, otherwise they wouldn't be his supporters to begin with.
Problem with Dimon is that the majority on the left AND right both hate the establishment and the elite and someone who was bailed out in the financial crisis who also has ties to Epstein will not go down well at all on both sides.
Up to that point in time for anyone with aspirations to be President that would be a death blow, hence why I and many others were surprised. The era of Trump garnered a whole new type of supporter not really seen at that level before. He could do no wrong in their eyes.
I think Dimon has a chance.
Republicans nowadays think that a guy who is trying to ban Chinese people from owning property is "too moderate/establishment" compared to Trump. So it's fair to say Dimon doesn't have a chance in that lane.
He could go the moderate democrat route. I doubt he could beat an incumbent seeking re-election, but maybe 2028? Bloomberg was polling pretty well in 2020 prior to his disastrous debate performances despite being part of the Wall Street establishment. However Dimon does not have the mayoral experience that Bloomberg had, and he was an advisor to president Trump which may hurt him among democrats in the hyper polarized environment.
Talk about a lie by omission. Not "Chinese people"--Chinese nationals in certain areas surrounding military installations and certain pieces of critical infrastructure. It also applies to citizens of Russia, Cuba, North Korea, Syria, and Iran. Florida becomes one of 15 states with similar laws.
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