Speaking on the current state of political affairs, J.P. Morgan Chase CEO Jamie Dimon didn’t mince words when positing a presidential election showdown against U.S. President Donald Trump, saying that he could beat the current president in a 2020 bid.
“I think I could beat Trump… because I’m as tough as he is, I’m smarter than he is,” said Dimon. “I can’t beat the liberal side of the Democratic party.”
Dimon also took a dig at Trump’s borrowing of millions from his father in order to finance real estate deals.
“And by the way this wealthy New Yorker actually earned his money,” Dimon added. “It wasn’t a gift from Daddy.”
The 62-year-old Dimon has never been one to shy away from speaking his mind, particularly when it comes to topics discussing the improvement of economic growth in the U.S. Dimon has also divulged his thoughts on political topics, such as immigration policy and infrastructure spending, and while Dimon has often been asked about a presidential bid, he has been seemingly definitive on running J.P. Morgan for the next five years.
Dimon’s comments came as he was speaking during a New York event to discuss the new JP Morgan initiative to commit $500 million to boost global economic growth in various cities. The wide-scale efforts, dubbed “AdvancingCities,” were established after extrapolating data from investment projects it was a part of in Detroit, Chicago and Washington, D.C.
The mission of AdvancingCities is to create opportunities for those left behind as a result of economic growth. Starting today, J.P. Morgan is accepting proposals from cities, regardless of size, for grants and low-cost loans if the proposals address at least two of four areas: jobs and skills, small business growth, neighborhood revitalization and financial health.
“Opportunity is not shared equally across neighborhoods,” said Dimon. “(Corporations) must step up to help change the status quo by creating a better future for all, no matter where they live.”
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