JPMorgan CEO Jamie Dimon blasts ‘idiots’ in Democratic Party focused on ideology

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said the Democratic Party went too far in its focus on diversity, equity and inclusion, prioritizing ideology over practical solutions.

“I have a lot of friends who are Democrats, and they’re idiots,” Dimon said Thursday at a foreign-ministry event in Dublin. “I always say they have big hearts and little brains. They do not understand how the real world works. Almost every single policy rolled out failed.”

Dimon has said previously that US companies were overly concerned with DEI, and that JPMorgan would scale back spending on some diversity initiatives that he sees as a waste of money while reiterating the bank’s commitment to working with Black, Hispanic and LGBTQ communities. On Thursday, he went after the Democratic Party directly.

“They overdid DEI,” said Dimon, who has described himself in the past as “barely a Democrat.” “We all were devoted to reaching out to the Black community, Hispanic, the LGBT community, the disabled — we do all of that. But the extent, they gotta stop it. And they gotta go back to being more practical. They’re very ideological.”