Skip to content
Search AI Powered

Latest Stories

Elizabeth Warren Had The Perfect Response To JP Morgan Chase CEO's 'Bidenomics' Complaint

Elizabeth Warren; Jamie Dimon
Leigh Vogel/Getty Images for Caring Across Generations; Jean Catuffe/GC Images/Getty Images

Senator Elizabeth Warren had no patience for Jamie Dimon's complaint about 'Bidenomics' in a blunt tweet.

Massachusetts Democratic Senator Elizabeth Warren has little sympathy for JP Morgan CEO Jamie Dimon after Democratic President Joe Biden unveiled his plan to bolster the middle class with a series of economic reforms dubbed Bidenomics.

The name harkens back to the administration of Republican Ronald Reagan's. Reaganomics pushed the unsupported, ineffective trickle down theory.


Trickle down economics posited if the wealthiest individuals and corporations were given more money, their overabundance would trickle down to the middle and lower classes.

The theory has never been shown to work, but it remains central to Republican economic policy.

Now that President Biden is proposing giving those same economic benefits reserved for the rich to the middle class, unsurprisingly a rich CEO is opposed to the measure.

JPMorgan Chase CEO Jamie Dimon—a man with a net worth of $1.7 billion and a salary including bonuses of $34.5 million—urged caution when offering economic stimulus programs to the middle class instead of continuing to offer them only to members of his socioeconomic class.

In an interview with The Economist, Dimon said:

"I’d be careful about that."

After Dimon's disapproval was expressed, Senator Warren offered her response on Twitter.

She tweeted:

"Well, boo-hoo."
"The whole point of Bidenomics is to make our economy work for working people—not just Wall Street CEOs."

Others were also unimpressed with Dimon's concerns.







Dimon also told The Economist he doesn't intend to run for public office.

However a cabinet position is something he would consider.

More from News

bride and groom cutting wedding cake
Wedding Dreamz on Unsplash

People Who Smashed Wedding Cake In Their Spouse's Face Reveal How Their Relationship Is Going Now

According to The Knot wedding resource magazine and website, smashing cake into the face of a spouse after tying the knot is a tradition tied to medieval England. To celebrate the marriage, the bride would toss a piece of piece of cake over her shoulder for good luck.

This evolved into newlyweds feeding a piece of cake to one another, then taking frosting or a small bit of cake and rubbing it gently onto each other's faces—usually the cheek or tip of the nose.

Keep ReadingShow less
Screenshots of U.S. Army veteran who criticized Donald Trump
@btnewsroom/TikTok

U.S. Army Vet Goes Viral With Blistering Speech Ripping Trump For Deploying Troops To L.A.

A U.S. Army veteran went viral after she spoke out to encourage other current and former military members to publicly condemn President Donald Trump for using them as "pawns" to suit his own ends after he deployed the National Guard and Marines to Los Angeles amid ongoing protests against his administration's immigration raids.

Trump has activated over 4,000 National Guard members and 700 Marines, despite opposition from city and state leaders. He has painted a bleak picture of Los Angeles—claims that Mayor Karen Bass and Governor Gavin Newsom say are wildly exaggerated.

Keep ReadingShow less
Barack and Michelle Obama
Andrew Harnik/Getty Images

The Obamas Just Shared A Rare Family Photo With Their Adult Daughters To Celebrate Sasha's Birthday

Former President Barack and First Lady Michelle Obama warmed hearts when they shared the same photo to their respective social media accounts, showing them with their adult daughters, Sasha and Malia, to commemorate Sasha's 24th birthday.

Sasha Obama was born in June 2001, nearly eight years before the family moved into the White House at the start of her father's first term in January 2009. She and her older sister, Malia, now 26, spent their formative years in the presidential residence, growing up there throughout their father’s two terms, until the family departed in 2017.

Keep ReadingShow less
Donald Trump; Joe Biden
Brendan Smialowski/AFP via Getty Images; Scott Olson/Getty Images

Trump Dragged After Hilariously Flubbing Insult About Biden's Mental Acuity

The term malaphor means when two or more colloquial phrases or idioms get confused and combined to create something nonsensical. According to the National Institute of Health (NIH), malaphors are a common symptom of frontotemporal dementia or other cognitive impairments.

So when a person seeks to accuse someone of being unintelligent, their use of malaphors is ironic and possibly very telling—narcissists will always accuse others of their own faults and failures.

Keep ReadingShow less
Christy Walton; Donald Trump
Alberto E. Rodriguez/Getty Images; Andrew Harnik/Getty Images

MAGA Now Calling For Walmart Boycott After Heiress Funds Ad Promoting Anti-Trump Protests

MAGA fans are boycotting Walmart after Christy Walton, one of the retail giant's heirs, took out a full-page ad in The New York Times promoting the “No Kings” protests planned against President Donald Trump's military parade.

Walton, who is worth an estimated $19.3 billion and ranks among the wealthiest women in the U.S., urged critics of Trump to "mobilize" against the parade—echoing a similar message she shared in a New York Times ad back in March.

Keep ReadingShow less