Longtime Democratic ally Jamie Dimon, chief executive of JPMorgan Chase & Co, has been privately advising former South Carolina Governor Nikki Haley on issues related to the national debt and the global economy, sources suggest. The Wall Street titan reportedly believes that Haley is the most promising presidential candidate in the Republican primary field, indicating a rising level of establishment enthusiasm for Haley’s campaign.
According to an Axios report released on Wednesday, sources within JPMorgan Chase report that Dimon is confident that Haley has the potential to unite the country and foster economic growth, leading the major Democratic donor to reach across the aisle. During his lengthy career in finance, Dimon has often spoken with presidents, members of Congress, and other lawmakers to discuss commerce and economic policies.
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Though Dimon has been a supporter of the Democratic Party for years and maintained close ties to the Obama White House, he has frequently described himself as “barely a Democrat” and criticized the party’s “anti-business” policies. However, Dimon has also been a proponent of controversial Environmental, Social, and Governance (ESG) policies and stakeholder capitalism in banking practices.
According to Dimon, who called himself a “red-blooded free market capitalist” at a conference in June 2022, using banks for the benefit of wider communities instead of just shareholders is the opposite of “wokeness.”
“I’m not woke. I think people are mistaking the stakeholder capitalism thing for being woke,” Dimon said. “All we’re saying is when we wake up in the morning, what we give a s*** about is serving customers, earning their respect, earning their repeat business.”
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More recently, Dimon has also turned his attention to climate change prevention and the green energy sector—and his proposals for advancing the net-zero cause have caused some concern.
According to an April report from The Telegraph, Dimon has suggested that governments should seize private land to build wind and solar farms.
“Permitting reforms are desperately needed to allow investment to be done in any kind of timely way,” the billionaire banker said in a shareholder letter. “We may even need to evoke eminent domain – we simply are not getting the adequate investments fast enough for grid, solar, wind and pipeline initiatives.”
He continued by explaining that the Russia-Ukraine war has exposed the need for increased energy security around the world—and that means developments cannot follow conventional timetables.
Given Dimon’s wide-ranging support for leftist banking and energy policies, few would have expected him to take an interest in the campaign of a Republican like Nikki Haley. However, the former governor confirmed her private phone calls with Dimon while speaking with CNBC on Wednesday, further indicating that she had actually secured an endorsement from him.
In response to the news that a left-leaning establishment figure like Dimon was backing Haley’s bid for the White House, her primary opponents quickly seized the opportunity to denounce her as a Big Money puppet.
In case you needed any more evidence that Nikki Haley would let China eat our lunch, Haley is having private conversations with Wall Street CEO Jamie Dimon on plans for a "global economy."https://t.co/PBw3ZFpoRj
— DeSantis War Room 🐊 (@DeSantisWarRoom) November 14, 2023
First it’s Big Defense. Now it’s Big Banks. The next time Jamie Dimon comes crying for taxpayer bailouts, we know who’s going to be ready to write the checks. These people love nothing more than a puppet who they can control. https://t.co/hqT592vel1
— Vivek Ramaswamy (@VivekGRamaswamy) November 14, 2023
Nikki Haley is currently in a competitive race for second place in the Republican primary, narrowly trailing Florida Governor Ron DeSantis—but both remain well behind former President Donald Trump.
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