Dimon has been “talking privately” with Haley and “believes she has the potential to bring the country together,” according to reporter Mike Allen of Axios.
“Dimon admires Haley’s grasp of the economy, and her recognition of the role that business and government can play in driving growth by working together,” Allen reported on Tuesday.
If accurate, the reports could presage further momentum – and money – for Haley as she begins to assume the mantle of the top GOP alternative to former U.S. president Donald Trump. Multiple key financial supporters of U.S. senator Tim Scott of South Carolina are throwing their support behind Haley in the aftermath of his surprise exit from the race on Sunday evening.
Dimon – a 67-year-old billionaire from New York – has spent the past two decades at the head of America’s largest bank, JPMorgan Chase. The bank took more than $25 billion from taxpayers during the 2008 “Troubled Asset Relief Program” bailout spearheaded by former U.S. president George W. Bush.
Dimon claimed his bank took the money “for the good of the country,” even though it didn’t need it.
“I do wish it would have been possible to distinguish between the healthy and the unhealthy banks in a way that didn’t’ damage the success of the program – so as not to create a situation where the public was left with the impression that all the banks were bailed out,” Dimon lamented at the time.
Dimon is no fan of Trump. In 2018, for example, he bragged about running against Trump – and beating him.
“I think I could beat Trump … because I’m as tough as he is, I’m smarter than he is,” Dimon said, according to a CNN report. “And by the way, this wealthy New Yorker actually earned his money. It wasn’t a gift from daddy.”
Trump has panned Dimon as “nervous mess.”
Dimon is a Democrat, although he told CNBC in 2019 “my brain is kind of Republican.”
Is he accurate in his assessment of Haley?
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The 51-year-old Bamberg, S.C. native – an accountant by trade – brands herself as America’s “Jobs Governor,” but her economic record in the Palmetto State tells a different story. A sadly familiar one for the so-called party of “less government and lower taxes.”
“Republican” leaders have presided over the Palmetto State’s steady employment collapse over the past thirty-plus years. To wit: Labor participation was humming along as high as 68.5 percent hen the GOP began its takeover of state government in the early 1990s.
Now? It is struggling to get back to the 60 percent demarcation line … which it last achieved in May 2012, Haley’s second full year in office. When Haley left office in January 2017, labor participation in the South Carolina had plunged all the way down to 58.2 percent.
Haley was elected in 2010 as a limited government Tea Party candidate. She didn’t govern that way, though. Crony capitalism – i.e. the taxpayer subsidization of “economic development” – exploded during her tenure. So did the state’s profligate spending and unconstitutional borrowing – neither of which Haley lifted a finger to try and stop.
ABOUT THE AUTHOR …
Will Folks is the founding editor of the news outlet you are currently reading. Prior to founding FITSNews, he served as press secretary to the governor of South Carolina. He lives in the Midlands region of the state with his wife and seven children.
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