Courtesy of Pam Martens
Senator Mitch McConnell (Left); JPMorgan Chase Chairman and CEO, Jamie Dimon (Right)
Jamie Dimon, Chairman and CEO of JPMorgan Chase, can no longer hide his political leanings. We’ve got his Federal election records and they’re not pretty. Tens of thousands of Dimon’s employees are now going to have to come to grips with the fact that Dimon and their bank’s Political Action Committee (PAC) are supporting Mitch McConnell’s reelection, a man many would rather see pummeled in the public square than return to the U.S. Senate.
According to Morning Consult, Senate Majority Leader Mitch McConnell of Kentucky is the second most unpopular member of the U.S. Senate, just behind Susan Collins of Maine. John Harris, the founding Editor of Politico, has a column up this morning where he calls McConnell “a skilled practitioner of the politics of decline” and refers to McConnell’s mind as “ruthless rationality.” Harris goes on to offer this assessment:
“McConnell is leading a party that depends on exploiting every avenue to preserve power despite not commanding national majorities. Starting in 1992, in seven presidential elections, Republicans have won the popular vote just once.”
By refusing to negotiate in good faith to get a new stimulus bill passed to save critical jobs and stop millions of evictions from occurring in the midst of the worst pandemic in a century; for blocking a bill to provide funding for the Post Office; for now attempting to ram through a right-leaning Supreme Court Justice in the hopes of overturning the Affordable Care Act and Roe v. Wade (guaranteeing a woman’s right to choose to have an abortion), McConnell has become the antithesis of representative government to tens of millions of Americans.
Nonetheless, Jamie Dimon’s public records at the Federal Election Commission (FEC) show that he has contributed $2800 to McConnell’s political campaign for this election cycle; another $2800 to WinRed, a political committee supporting Republicans; $5,000 to JPMorgan Chase & Co.’s PAC, which has, in turn, provided $5,000 to the McConnell Senate Committee, $30,000 combined to the National Republican Senatorial Committee and the National Republican Congressional Committee. (The JPMorgan PAC has also provided funds to the Democrats but to a far smaller degree since 2010 than its support to Republicans. See chart below.)
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