JPMorgan CEO Jamie Dimon took aim at Democrats on Thursday, calling them “idiots,” who “do not understand how the real world works” and have “little brains.”
“I have a lot of friends who are Democrats, and they’re idiots. I always say they have big hearts and little brains,” Dimon said reportedly during a foreign-ministry event in Dublin, Ireland. “They do not understand how the real world works. Almost every single policy rolled out failed.”
Fox Business anchor David Asman and contributor Gerry Baker analyzed the CEO’s comments during Friday’s broadcast.
“Kind of reminds you of what Winston Churchill said long ago: ‘If you’re not a socialist when you’re young, you have no heart. If you’re not a conservative when you are old, you’ve got no brain,’” Asman said.
This isn’t the first time longtime Democrat Jamie Dimon has sharply criticized his own party in recent months. Dimon criticized California’s far-left leadership during a visit to a Chase Bank branch that was destroyed in the recent Palisades fire.
“I’d change the name of Red Tape to Blue Tape because it’s the Democrats who seem to want more and more regulations,” he said at the time.
“We need good regulations. We need good food. We need a good financial system. It’s just not more, more and more. And you see it in everything, permitting and licensing. And there are lessons to be learned. And whether you’re a Democrat or Republican, you should be saying, I want an efficient government,” he added.
Meanwhile, the Democratic Party is actually trending further to the left.
Zohran Mamdani’s democratic socialist allies are reportedly considering primary challenges next year against several congressional Democrats in New York City, including House Minority Leader Hakeem Jeffries.
Mamdani, the 33-year-old Ugandan-born democratic socialist assemblyman from Queens, sent political shockwaves nationwide with his decisive victory two weeks ago over former New York Gov. Andrew Cuomo and nine other candidates in New York City’s Democratic mayoral primary.
His win marks a significant step toward potentially becoming the city’s first Muslim mayor, but would also signal the Democratic Party’s increasing shift to the extreme far-left.
In the wake of Mamdani’s primary victory in June, the Democratic Socialists of America (DSA) highlighted that “this movement is bigger than one person, election, city, or organization.”
“We encourage all people inspired by the Zohran campaign to join their local DSA or YDSA chapter and get involved so we can continue to fight alongside Zohran and DSA elected officials across the country to create the future we all deserve,” the party added.
Now, following Mamdani’s victory, DSA leaders are reportedly considering mounting primary challenges not only against Jeffries but also other House Democrats representing New York City districts, including Reps. Ritchie Torres, Jerry Nadler, Dan Goldman, and Yvette Clarke, Fox added.
Jeffries, who succeeded longtime House Democratic leader and former Speaker Nancy Pelosi two years ago, has faced criticism from some of New York City’s far-left leaders, who label him a moderate and establishment Democrat.
“His leadership has left a vacuum that organizations like DSA are filling. I think that is more important right now,” New York City’s Democratic Socialists of America chapter co-chair Gustavo Gordillo said in a CNN interview recently.
Democratic socialist state Sen. Jabari Brisport, who represents some of the same areas of Brooklyn that Jeffries does in the U.S. House, told Fox News in a statement that the longtime congressman is “rapidly growing out of touch with an insurgent and growing progressive base within his own district that he should pay more attention to.”
Democratic strategist Andre Richardson, a senior political advisor to Jeffries, highlighted the sweeping actions taken by President Donald Trump during the early months of his second term in the White House that the left vehemently opposes, said, “Leader Hakeem Jeffries is focused on taking back the House from the MAGA extremists who just ripped health care away from millions of Americans.”