“I Think It’s Time for an Accountant in the White House” Nikki Haley Is the Only GOP Candidate Who Can Save the Economy: JP Morgan CEO

Jo ShawNov 18, 2023

Minute Read

In a recent report from Axios, it has been disclosed that private discussions regarding the economy have been taking place between Nikki Haley and JPMorgan Chase CEO Jamie Dimon. As revealed by a prominent banking executive, Dimon is of the opinion that GOP nominee Haley is the most qualified individual to spearhead efforts to revive the ailing US economy.

A Sign of Growing Enthusiasm

According to the Axios report, Jamie Dimon’s casual phone discussions are seen as indicative of the increasing support for Nikki Haley, who served as the former UN ambassador under Trump.

Haley Could Take on Biden

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According to Axios, Haley’s impressive performance in debates has prompted numerous figures within the establishment to speculate that if she could overcome the challenge posed by former President Trump for the nomination, she might pose significant competition for President Biden, giving him “a run for his money.”

Dimon Admires Haley’s Grasp of Economy

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Axios reported their source explained that CEO Dimon “admires” Republican Gov. Haley’s “grasp of the economy” and her “recognition of the role that business and government can play in driving growth by working together.”

Most Dangerous Time We Have Seen

Recently, JP Morgan’s CEO Dimon warned that the world currently faces multiple threats. “This may be the most dangerous time the world has seen in decades,” he said.

War Will Have Far-Reaching Impacts

Dimon cited the ongoing wars in Ukraine as well as the Hamas attacks on Israel, stating they “may have far-reaching impacts on energy and food markets, global trade, and geopolitical relationships.”

Dimon Cited Largest Fiscal Deficits

Dimon underscored the escalating national debt and emphasized “the largest peacetime fiscal deficits ever.” According to the CEO, these factors heighten the potential risks of sustained high inflation and interest rates.

Interest Rates Could Rise Further

“While we hope for the best, we prepare the Firm for a broad range of outcomes so we can consistently deliver for clients no matter the environment,” he said.

Dimon Contributed to Democrat Sinema’s Campaign

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In 2022, CEO Jamie Dimon, amongst other bank executives, contributed to then-Democratic Sen. Sinema’s campaign. She had strongly opposed key pieces of Biden’s agenda and later left the Democratic party to run as an Independent.

Dimon Has Backed Both Sides

Reports indicated that Dimon contributed $2,900 to Sinema’s campaign. Records further revealed that in 2022, Dimon donated to lawmakers from both sides of the political spectrum.

Sinema up for Re-Election

The Arizona senator, who garnered support from executives and corporate PACs after diverging from the Democratic party, is running for re-election in 2024. Arizona is still viewed as a swing state.

Supports Minimum Corporation Tax

Sinema has taken a stance against specific aspects of Biden’s agenda, such as the proposal to increase the corporate tax rate from 21% to 28%. Instead, the Arizona Senator is endorsing a suggested 15% minimum corporate tax applicable to the declared income of big corporations.

It’s Time for an Accountant

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Throughout her campaign, GOP nominee Haley has argued that an accountant is needed to fix the economy. She stated, “I think it’s time for an accountant in the White House,” she further declared that Republicans need to “stop the spending, stop the borrowing” during a GOP presidential debate.

Endorsement Could Increase Support

Reports suggest that following private discussions with the banking CEO, Dimon’s endorsement could increase support for her, particularly as the number of GOP candidates gradually diminishes.

Haley Lags Behind Trump

Nevertheless, Haley lags significantly behind her primary opponent, Trump. According to a recent NBC News/Des Moines Register Iowa poll, the former President holds the lead with 43%. Governor Haley and Florida Governor Ron DeSantis were tied for second place with 16%.

Dimon Should Run for Presidency

In March, Reuters conveyed that billionaire hedge fund manager Bill Ackman suggested Jamie Dimon consider running for President in the 2024 US elections. This came after purported indications of Dimon’s interest in pursuing public office. Ackman reportedly referred to Dimon as an “exemplary leader.”

There’s Not Been a Better Time

“Our country is at risk with $32T (trillion) of debt with no end to massive deficits in sight, heading into a recession at a time of great political uncertainty,” said Ackman in a post. He continued, “… Clearly, he is thinking about running. I can’t imagine a better time for him to do so.”

Dimon Will Serve His Country

Dimon had reportedly said in response to being asked if he would consider a Presidential run, “I love my country, and maybe one day I’ll serve my country in one capacity or another.”

Wall Street Does Not Make or Break Candidates

People went online and commented on the news of the private conversations held by the CEO and GOP Nominee Haley. One user wrote, “Wall Street does not make or break candidates, especially on the democratic side. Wall Street has always leaned republican, despite being primarily in New York. I think Biden has plenty of support without Jamie Dimon. He’s a good bank CEO, but I wouldn’t read too much into his political leanings, he’s considered running for President himself. Most of Wall Street donates to both sides so they can get favors from whoever wins.”