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Former South Carolina governor and United Nations ambassador Nikki Haley is the “only candidate who can save the economy,” according to top Wall Street banker Jamie Dimon.
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.
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“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 when 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.
Does that sound like a recipe for fixing Washington, D.C.? Or perpetuating its swampy status quo?
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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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13 comments
Thanks but no thanks.
What aspects of our economy is Nikki going to save us from? Is it the 50-year low unemployment? Is it the near-record GDP? Is the Stock Market too high? Are there too many jobs? Were Corporations not able to do enough stock buy-backs with the trillions Trump and the Republicans gave them? Maybe she will cut Social Security and Medicare so that we can give more money to giant Corporations. Are average Americans too rich? Do we need to make them poorer, so that they will work longer and for less so giant Corporations can have more profits and pay their CEOs millions more each year? What does Nikki plan to do, to save us?
Make Americans Work Forever in Poverty Again!
She’s just going to protect the obscenely wealthy, like Dimon. But there’s nothing about the economy now that needs “saving.”
Trump has obviously started sending money to Will, again.
The guy who helped destroy the economy in 2008 is giving thoughts on who can save the economy now? And Nikki Haley is the one to do it?
That’s a big Fuck You to both of those grifting clowns.
This is a story out of left field-that Nikki Haley is the savior of the economy. One Wall Street banker (a Dem) says it so it must be so.
Only candidate who can save economy? Man, I’m missing out on the good stuff. Haley fans, hook me up!
That guy is a liberal Democrat buddy of Obama- only appropriate that he would back Haley who is more of a rino than even Romney
Who (objectively) named Dimon “America’s top banker”?
“brands herself as America’s “Blow Jobs Governor,”- there, all fixed
I can’t believe it! They terk my jerb!
Even you can be “outsourced” Bubba.