Jamie Dimon, CEO of JPMorgan Chase, was not shocked by the result of the November elections. In fact, after speaking to voters across the country, he saw it coming.
While President-elect Donald Trump’s victory in the battle for the White House may have surprised some, it was no surprise to Wall Street’s white knight, Jamie Dimon.
The CEO of JPMorgan Chase said the November election result was the culmination of the feedback he received. heard across the country, with voters tired of being “lectured” by the current administration.
In an interview with CBS Sunday morning Released this weekend, Dimon was asked if he was surprised that Trump won the election, to which he replied “no.”
“People were angry at…what do you call it?…the state, the swamp…ineffective government,” Dimon said.
“People wanted policies that were more pro-growth and pro-business; they didn’t want to be continuously lectured on social policies,” he added. “I think it’s the lecture aspect, the social superiority, it’s the ‘My way or the highway’.
“I traveled across the country. I felt it everywhere I went.”
Dimon, 68, is not one to mince words or keep his concerns or political advice to himself.
Despite his wife, Judy, knocking on doors for Vice President Kamala Harris’ campaign, Dimon has criticized both Democrats and Republicans..
The man who runs America’s largest bank once described himself as “barely a Democrat,” but in the last election cycle he refused to be drawn on which side of the ballot he voted for.
JPMorgan has also continually denied reports of Dimon’s support for either candidate and denied rumors that its CEO had been tapped for a key role in either potential administration.
Although Dimon doesn’t quite sing the same song as DOGE boss and Tesla CEO Elon Musk, he added that the government must “demonstrate competence.”
“I think every ministry should report to you and say, ‘Dear taxpayer, you gave me $50 billion, I told you I was going to do X. Here’s what I did; here’s the results .’
“I just think we’ve lost our way,” the Harvard Business School alumnus added. “My view — I spend a lot of time in (Washington) D.C. — is just roll up your sleeves and get involved in the fight.”
It’s clear the Dimon family has heated political debates, with the billionaire banker saying he thinks Trump has been right “in general” on immigration issues.
“I’m having this debate with my wife,” Dimon told journalist Lesley Stahl. “You can talk about details and disagree, but the concern about border security? Obviously. Every country in the world is concerned about that.
“Overall, I would guess 90 percent of Americans say, ‘Yes, we should have adequate border security.’ They might mean something slightly different when they say that. »
The other policies Dimon would like to see implemented will come as no surprise to those who regularly follow his comments.
The CEO, who recently announced a change in his retirement timeline from the JPMorgan office, has long advocated for schools to be measured by their students’ career prospects rather than the colleges they get into after graduating. diploma.
Dimon reiterated the emphasis on skills alongside academics in his latest interview: “I would like to see high schools, community colleges and colleges measured on the outcomes of the child’s education.
“Like, are they getting a high-paying job? No, they’re doing math well. Because I think that would put a lot more pressure on the skills that could get you a high-paying job. It could be cybersecurity, data analytics, advanced manufacturing, nursing, technical skills, compliance, financial skills: we should do it.”
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This story was originally featured on Fortune.com
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