Big hearts, little brains: JPMorgan CEO Jamie Dimon slams Democrats as "idiots"

By ramontomeydw // 2025-07-14

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JPMorgan CEO Jamie Dimon denounced his Democratic allies as "idiots," accusing the party of prioritizing divisive ideology over practical governance and claiming their policies "almost all failed."
Dimon criticized diversity, equity, and inclusion (DEI) initiatives as ideologically driven rather than practical, prompting JPMorgan to rebrand its efforts as "diversity, opportunity, and inclusion" earlier in 2024.
Dimon blasted the Biden administration's lack of business expertise and economic policies, voicing broader corporate concerns about antitrust actions and tax hikes stifling growth.
He singled out democratic socialist NYC mayoral candidate Zohran Mamdani as a "Marxist," dismissing his proposals (e.g., rent freezes) as unrealistic "ideological mush."
Dimon's shift reflects growing disillusionment among business leaders and moderates with the Democratic Party's progressive turn, echoing historic divisions that could reshape electoral dynamics.

JPMorgan Chase CEO Jamie Dimon recently unleashed a blistering critique of the Democratic Party, labeling his Democratic friends as "idiots" and accusing the party of abandoning practical solutions in favor of divisive ideological agendas. He issued the strong denouncement during an event by the Irish Department of Foreign Affairs and Trade on July 10. Dimon, once a vocal supporter of Democratic initiatives, has grown increasingly critical of what he sees as the party's failures. "I have a lot of friends who are Democrats, and they're idiots," he said bluntly. "They have big hearts and little brains. They do not understand how the real world works; almost every single policy rolled out failed." The JPMorgan chief singled out diversity, equity and inclusion (DEI) policies as a key misstep. He argued that while outreach to marginalized communities is important, ideological overreach has backfired. "We all were devoted to reaching out to the Black community, Hispanic [community], the LGBT community, the disabled – we do all of that," Dimon said. "But to the extent, they gotta stop it. And they gotta go back to being more practical. They're very ideological." (Related: State financial officials demand JPMorgan Chase end woke banking practices that are leading to collapses.)

Is corporate America pushing back against woke DEI?

Dimon's critique comes as JPMorgan quietly rebranded its DEI initiatives earlier this year, shifting from "diversity, equity, and inclusion" to "diversity, opportunity, and inclusion" – a move signaling corporate America's retreat from perceived progressive excesses. It also reflects broader frustration among business leaders disillusioned with what they view as impractical governance. But the JPMorgan CEO's frustration extends beyond social policy. He chastised the Biden administration for lacking business expertise, stating he was left "speechless" by what he called the former president's "lack of knowledge." His comments align with growing concerns among corporate leaders that Democratic economic strategies, including aggressive antitrust enforcement and tax hikes, could stifle growth. Perhaps most striking was Dimon's warning against New York City mayoral candidate Zohran Mamdani, a self-described democratic socialist whose platform includes rent freezes and city-owned grocery stores. "He's more of a Marxist than a socialist," Dimon said, dismissing Mamdani's proposals as "ideological mush that means nothing in the real world." Dimon's outburst is symptomatic of a larger political realignment. Once a reliable ally of the Democratic establishment, he now echoes criticisms long voiced by conservative pundits – a reflection of the party's leftward shift under pressure from progressive activists. His stance mirrors broader discontent among business leaders and moderate Democrats who fear electoral backlash if the party continues embracing far-left policies. Historical parallels abound: The Democratic Party faced similar fractures in the 1960s and 1970s when labor unions and business interests clashed with anti-war progressives, divisions that contributed to Republican dominance for decades. Today, as progressive activists push for wealth redistribution and socialized services, corporate financiers like Dimon are signaling their resistance, potentially reshaping the political landscape ahead of future elections. As long as the Democratic Party remains entrenched in ideological battles over DEI and economic radicalism, figures like Dimon alongside disaffected voters may continue defecting to more centrist or right-leaning alternatives. The banking executive's message is clear: Ideology without pragmatism is a recipe for failure. CancelDemocrats.news has more similar stories. Watch this Fox Business report about Jamie Dimon's warning that the growing bureaucracy under the Biden administration will hurt the U.S. economy. This video is from the TrendingNews channel on Brighteon.com.

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Is corporate America pushing back against woke DEI?

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