Friends,
A few days ago, Jamie Dimon, chairman and CEO of JPMorganChase, the largest bank in the United States, said at an international forum in Dublin, Ireland, the tax-haven capital of Europe:
“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.”
Failed? Like the Affordable Care Act? Medicare and Medicaid? Social Security? Spending on basic research and infrastructure? On protecting Americans from dread diseases? On protecting workers from death and injury on the job? On protecting the environment?
As distinct from policies rolled out by the Republicans? Such as their subsidies to Big Oil? Their racist attacks on diversity, equity, and inclusion? Or Trump’s Big Ugly Bill that will take $1 trillion out of Medicaid, cause over 11 million Americans to lose their health coverage, and increase the national debt by more than $3 trillion — all to cut the taxes of the ultra-wealthy, such as Jamie Dimon?
Why do I even mention Jamie Dimon? Who cares what he thinks?
Well, many people do. He’s the business person the mainstream media turns to for his views on the economy and the direction America is heading.
For years he’s also been the darling of corporate Democrats.
