Bill Ackman Says Jamie Dimon Should Run for President in 2024 (bloomberg.com) 78
Bill Ackman said JPMorgan Chase chief executive Jamie Dimon should run for president in the upcoming 2024 election after the Wall Street titan hinted that he has considered pursuing a political career. From a report: Ackman said in a lengthy tweet that Dimon is a political centrist who is pro-business and pro-free enterprise, while also supportive of "well-designed social programs and rational tax policies that can help the less fortunate." Ackman also said he thinks Dimon, 67, could beat President Joe Biden in a primary or Donald Trump in a general election. He added that Dimon's ability to raise billions of dollars from bipartisan supporters would easily fund his campaign. In a Bloomberg Television interview on Wednesday, Dimon said that he had mulled joining public office. "I love my country, and maybe one day I'll serve my country in one capacity or another," he said.
Sure, why not (Score:2)
His failing company has already taken billions from the U.S. taxpayer. Why not have him in charge to fleece hundreds of billions more.
The revolving door (Score:2)
There's a revolving door between government and industry, dontcha know? If only people ran for office for all the correct reasons.
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Re:Sure, why not (Score:4, Insightful)
We already have experience in naively electing someone that we thought was a legitimate businessman, which has dispelled the myth of "a CEO would make a great president."
this is what happens when you select for stupidity (Score:1)
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Carter?
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Of course he never knew about this... (Score:2)
https://www.justice.gov/opa/pr... [justice.gov]
'Cuz he was just the CEO. "Can't avoid that at a bank that big". Or too big to fail.
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A CEO sees only the top level numbers; what happens at one trading desk in a subsidiary company is way beneath him and is delegated to layers of underlings. ANd given the penalty was $920M, of w
To quote Michael Dukakis... (Score:2)
"The fish rots from the head down". So what does the CEO know about ? Was this AI Dimon ?
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The state even screwed over JP Morgan by requesting them to buy out Bear Sterns, and JP Morgan were then hit by a bunch of law suits.
Re:Sure, why not (Score:4, Informative)
Actually JP Morgan was one of the banks that wasn't in imminent danger of failing. Nonetheless the government still offered TARP funds to JP Morgan and JP Morgan took it.
As far as the TARP program was concerned, it didn't actually end up costing taxpayers anything; in fact it turned a small profit. That's not surprising, becauset he problem in the financial crisis was uncertainty about *liquidity*, not *value*. The government didn't just give banks money; it purchased preferred stock and issued loans.
Bill Ackman Says Jamie Dimon Should Run for Pres (Score:1)
How many idiots can run? (Score:2)
There ought to be a numerical limit on how many idiots can run for president. The previous constitutional requirement that the cumulative sum total IQ of all candidates cannot exceed 100 has failed since the founders never envisioned that clowns with such low IQ would be running.
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https://en.wikipedia.org/wiki/... [wikipedia.org]
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These screwy politicians actually have average IQ's. They just seem dumber than average because we expect more of politicians. Their real gift is frothing up their base by telling them what they want to hear. They know how to manipulate morons. Well educated people often are not good at that because they are too used to thinking logically in order to pass exams. "Moron logic" is a different animal.
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Do not confuse intelligence with education. Though I tend to agree with you here.
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But "intelligence" can be seen in their ability to manipulate morons. There are alpha moron-manipulators, and their mind is doing *something* well to manipulate. Otherwise, Don and MTG would be replaced by stronger trolls by now. The "troll-lobe" of their brains are more powerful than average. It's a form of intelligence, Jim, but not as we know it.
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It is possible to be intelligent and use logic without formal training. That thinking logically part just comes naturally to some, even if one is not academically oriented.
You are saying that politicians are charismatic but that does not require intelligence, one could be both or just one or neither. Charisma is more about the way you act toward others, and can be learned. I'd argue that intelligence is more innate. I'd also argue that there are different kinds of intelligence and one could excel in one are
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https://www.psychologytoday.co... [psychologytoday.com]
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Not sure what your point is.
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There ought to be a numerical limit on how many idiots can run for president.
Per election or in total? 'Cause I see problems with either.
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Trump was a special case, and only because certain people decided to select for stupidity, and once he was the Rs' nominee, straight-party voting took care of it from there. Despite your dissatisfaction with .. probably everyone .. that's actually atypical.
If you filter out Trump as an anomaly or noisy data the average candidate IQ is actually over 100. Yes, even among Republicans. Most of them just pretend to be drooling fuckwits in order to impress Republican voters.
Who is Bill Ackman? (Score:2)
Never heard the name before, but now I know that he is an idiot.
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Never heard the name before, but now I know that he is an idiot.
Same with Jamie Dimon - which means neither has valuable political experience worth wasting a vote on.
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Who is Bill Ackman? (Score:3)
TFS actually explains who Jamie Dimon is, but not who Bill Ackman is. Why does the opinion of this random person matter than the opinion of the random loud guy I heard espousing about politics outside the grocery store yesterday? Was Bill Ackman outside my local grocery store yesterday?
The Party won't allow it (Score:3)
They want one of either "Team Red" or "Team Blue" in any office.
I cordially invite anyone to prove me wrong.
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If you end up with Trump vs Biden....
I think if you had a 3rd party candidate that was sane and in the middle somewhere, that could self fund (especially at the beginning)...this might be one of the first years since Ross Perot that a US 3rd party candidate might have a serious chance to win.
They'd have to be centrist enough to get most of the independent vote (majority in US)...and draw a little
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That's a lot of "if's" plus you'd have both "Team Red" and "Team Blue" telling their cheerleaders that the 3rd party candidate was a plant from the other team. They'd also have their umbrella organization, the Commission for Presidential Debates, doing everything they can to keep the focus on their "approved" candidates.
The Party has learned since the days of John Anderson and Ross Perot. I don't know how it is elsewhere, but here in Ohio a candidate can't even get on the ballot unless they're a member of
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Unless a third party can start winning state seats in government in multiple states, they will never have a chance at the presidency. They have to do the work to build the party nationally.
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I think if you had a 3rd party candidate that was sane and in the middle somewhere, that could self fund (especially at the beginning)...this might be one of the first years since Ross Perot that a US 3rd party candidate might have a serious chance to win.
Nope. There's too much "sports team" politics in the USA these days for a third party president to ever win. A significant portion of the electorate will vote D or R no matter who the candidate is, simply because it's their team. There's also the aspect of game theory too, where voting for the independent without some form of ranked choice voting is always going to feel like throwing your vote away.
Besides, a rich pro-business centrist candidate really is just a Republican sans all the culture war bullsh
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I dunno.
Last I saw...independents in this country outnumbered the registered R's and D's combined.
It could happen with the right person and right circumstances...and this time around, maybe.
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Last I saw...independents in this country outnumbered the registered R's and D's combined.
You might be reading too much into that. Being registered to a specific party doesn't necessarily indicate that's how you're going to vote. Since Florida has closed primaries, I'm presently registered as a Republican so I can vote in Florida's upcoming Republican presidential primary. I'm most certainly not a Republican.
I think the "culture war" thing.
My point was that when people say they're tired of the culture wars, it's not because they want some centrist to rise to power and then pretend the issues don't exist, it's because they w
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There's too much "sports team" politics in the USA these days for a third party president to ever win. A significant portion of the electorate will vote D or R no matter who the candidate is, simply because it's their team
Nope. Back in the 70s and before was when ppl voted FOR a party. That actually allowed for the possibility of a 3rd party.
Now, ppl are voting AGAINST a single party, which means that they will vote for the one that has the best chance of beating them. Heck, GOP and Dems.
That is why we need to push Ranked Candidate voting. Then it will allow for 3rd parties.
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Back in the 90s, we were sane and ppl VOTED FOR SOMEONE. Now, most ppl are afraid of either GOP or Dems and will vote AGAINST a party.
What is needed is ranked candidate voting. Then we will finally be able to destroy both GOP and Dems. Either that, or extremists will be forced out.
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As long as we have a single vote (as opposed to any kind of ranked choice or approval voting) this will not happen, it is impossible.
A third party has zero chance unless 100% of the people who prefer him also think he can win. Any that don't will not vote for him, since they need to vote against the party they don't want to win.
What is true is that if either the Democrats or Republicans would nominate a *moderate* then they would wipe the floor with the opposing candidate. But then about 60% of the members
Pass. (Score:4, Interesting)
For myself, I'm quite tired of rich white guys with absolutely no political experience (other than bribing politicians) thinking they can go straight to the top office as if they're some sort of savior when they're going to be absolutely clueless once they get there.
The best he should hope for is being given a high-ranking post as head of some office that's really run by competent career bureaucrats.
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I'm quite tired of rich white guys with absolutely no political experience (other than bribing politicians) thinking they can go straight to the top office as if they're some sort of savior when they're going to be absolutely clueless once they get there.
Look at it that way, if there are many con men like that running, they might split up the moron votes enough that none of them gets a relevant portion of them.
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I don’t know of any straight white guys who did that. But I can name a gay black guy who did.
Oh HELL no... (Score:5, Informative)
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That's the thing. They're all like this. Every single one of them. This is how you get ahead, and this is who gets ahead.
"THIS is who he is!" - Hillary Clinton
No (Score:4, Insightful)
No more unqualified idiots. He's a business man....stay in business. We have enough fucking idiots in government we dont need more braindead fucking executives.
Neat fact about Biden's 2020 primary (Score:1, Informative)
He beat all the people with huge war chests by spending the fewest dollars per vote in the entire field.
Bill Ackman is a tool that thinks money buys elections, and that it will also buy him political favor.
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Oh right. A massive conspiracy. That MUST BE why [insert thing here]
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"given what we know" - Exactly what do you know, you have some circumstantial "evidence" that has a questionable chain of custody. You have 2nd hand rumors, and a whole shit load of unsupported conspiracy theories, what you don't have is actual concrete evidence. So you don't KNOW anything, you just have an opinion, and a relatively uninformed one.
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Yeah that whole Russia! thing was all crap, poorly sourced, unconfirmed and ultimately proven to be total shit and oh wait you were talking about something else, never mind!
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Um, no... we have fairly incontrovertible evidence from the DNC indicating they threw the election in favor of HRC.
https://www.theguardian.com/us-news/2016/jul/24/debbie-wasserman-schultz-resigns-dnc-chair-emails-sanders
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What a horrible stupid idea... (Score:1, Insightful)
Not to put too fine a point on it, but just this instant, I'd rather hold an I.O.U. from J.P. Morgan Chase Bank, N.A., than one for the same amount from the U.S. Government. At least with the I.O.U. from J.P. Morgan, you can be reasonably confident it'll be HONOURED. Speaking of which, how are those debt-ceiling negotiations going? Is the good ol' U.S. of A. still on track to default on its just deb
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No one is defaulting on anything. This happens every year.
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Do you have an example of a vote where the numbers were so close we were at risk of not passing a budget and defaulting?
Hmm ... what to think? (Score:2)
From JPMorgan Chase CEO Jamie Dimon hints at future in politics [cnn.com]:
In 2019, Dimon told CNBC he considers himself “barely a Democrat,” adding, “my heart is Democratic, my brain is kind of Republican.”
I'm not sure what someone (especially a rich, old, white guy) described above and as in TFS/A (below) would support that wouldn't just end up helping the rich and hurting or, at least, ignoring the poor(er):
Dimon is a political centrist who is pro-business and pro-free enterprise, while also supportive of "well-designed social programs and rational tax policies that can help the less fortunate."
So how having one dude with supposedly good ideas, (Score:2)
Will help with the massive problem of having two massive blocks of evil and stupidity?
I mean, in which of the two blocks would he even fit?
Who? (Score:4, Interesting)
Who the hell is Bill Ackman, and why the fuck should we care what he thinks?
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This is a capitalistic society. It is your civic duty to review the list of billionaires periodically.
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Wikipedia article: https://en.wikipedia.org/wiki/... [wikipedia.org]
Wrong Skill Set (Score:2)
Ackman said in a lengthy tweet that Dimon is a political centrist who is pro-business and pro-free enterprise, while also supportive of "well-designed social programs and rational tax policies that can help the less fortunate."
Then he should hire some folks to flesh out his ideas and start advertising them like all the other political think tanks do.
Bill Ackman said JPMorgan Chase chief executive Jamie Dimon
A CEO has almost absolute power given to him (usually) by a board who is generally united in a des
Comment removed (Score:4, Insightful)
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"Bernie. AOC. Someone with principles."
ROFLMAO
You know Bernie could claim principles on his first run but he sold out so hard afterward his staff began to consider it sexual harassment. AOC has never been anything but a fraud.
"a Wall Street asshole run as a Democrat?"
I hate to break it to you but your party works for this guy already, him Soros and that other asshat who ran last time selling us out to pump his chinese renewables business. Why do you think they are able to collude with banks and media to pus
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I agree we need some one with principles. But then you name a guy who has multiple houses on a lifetime public salary and a woman who stole tips and once in office ignores and mocks her own constituents at public meetings.
Those were not the best examples of principled politicians.
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Makes sense... (Score:1)
The D side politicians already overtly work for him so why not cut out the middleman?
President of where? (Score:1)
Big 'D' Democrat (Score:1)
The D is for delusional.
Proof positive (Score:2)
"Bill Ackman Says Jamie Dimon Should Run for President in 2024" ...proving that Bill Ackman is a complete asshole and a danger to democracy.
it probably doesn't bode well for the candidacy (Score:2)
...if I have no idea who either of those people are.
Just saying, you need to appeal to 300 million people (or, in fact, the 100 million or so who vote regularly), not just your bubble.
And understand: 95%+ don't actually listen to campaign speeches; 99.99% don't read party/candidate platforms.
There's a reason already-famous people tend to get elected on national tickets.