Jamie Dimon Quotes
I think the Republicans have really thoughtful financial policies, and I'm more in the middle on taxation.
Dimon, Jamie. Interview. CNBC, 2012.
The Republicans at the time had adopted a plan to try and prevent Obama from winning a second term. They controlled the House and had enough votes to sustain a filibuster which the Republicans organized (more than all filibusters in the entire history of the Congress). After health reform the President could not get any of his legislation passed while the country had serious economic programs of the Great Recession. With this quotation the President came up with some middle class tax cuts to stimulate the economy and challenged the Republicans who almost always favored tax cuts and used that as a party litmus test.
The Republicans had lost the 1960 Presidential election narrowly with the moderate wing of the party in control. Goldwater argued that to win, the appeal must be much more conservative and that what characterized the campaign with the right wing of the party in control. This time, the Republicans were trounced by one of the largest margins in history.
That was not always true. Many of the greatest Republican Presidents and other political leaders argued for and passed many new taxes when they thought they were needed. The radical shift to the extreme right of the Republicans started in the latter part of the 20th century and continued into the 21st.
Jamie Dimon is an American billionaire businessman. He is the chairman and chief executive officer (CEO) of JPMorgan Chase, the largest of the big four American banks, since 2005 and was previously on the board of directors of the Federal Reserve Bank of New York. Dimon was included in Time magazine's 2006, 2008, 2009, and 2011 lists of the world's 100 most influential people. Dimon's net worth is estimated at $1.7 billion.
