Bank Chief Jamie Dimon Teams Up With AFL-CIO, Raising 2020 Suspicions Bank Chief Jamie Dimon Teams Up With AFL-CIO, Raising 2020 Suspicions – NTK Network

Bank Chief Jamie Dimon Teams Up With AFL-CIO, Raising 2020 Suspicions

Speculation about the bank CEO’s political ambitions have swirled for months, but Thursday’s op-ed with labor leader Richard Trumka is a new wrinkle.

By NTK Staff | 12.07.2017 @11:00am
Bank Chief Jamie Dimon Teams Up With AFL-CIO, Raising 2020 Suspicions

The CEOs of one of America’s largest banks and its largest labor union teamed up Thursday to publish an op-ed in Fortune about helping Americans find work.

JPMorgan Chase CEO Jamie Dimon’s decision to team up with AFL-CIO CEO Richard Trumka might seem innocuous in isolation, but when viewed in the context of Dimon’s political maneuverings in 2017, it could be the latest indication that he might run for president in 2020.

“By cutting through the confusion and working together,” the two wrote in Fortune, “we can pioneer better ways to make our economy work for everyone.”

With Trumka, Dimon employs the same the kind of language regularly used by politicians seeking higher office. Take this 2016 example from a Hillary Clinton policy proposal: “Despite the progress we’ve made in coming back from the Great Recession, we face a set of core challenges to building an economy that works for everyone.”

Should the bank CEO decide to run for president in 2020, having the support of big labor would go a long way to helping bring together two often-warring factions of the Democratic Party.

But an op-ed by itself does not always signify political ambitions. So, consider:

1. Just last month, Dimon predicted Trump would be a one-term president and urged Democrats to nominate a “pro-free enterprise” candidate who’s focused on jobs and economic growth.

2. Thursday’s Fortune op-ed is not Dimon’s first of its kind. In September, the bank CEO penned a similar piece in Business Insider that focused on “solving our biggest challenges” as a country.

3. Dimon has also ramped up his visits and activity in Washington, D.C. this year. The reason? Dimon says it’s in his capacity as chairman of the Business Roundtable. But a report from Reuters in September found Dimon was meeting regularly with lawmakers – potentially the kind of move someone with political ambitions might make.

Do these moves, including Thursday’s op-ed with the country’s biggest labor leader, guarantee a Dimon run for the White House in 2020? Not necessarily, but his 2017 actions appear to be laying the groundwork for an eventual run, should he decide to jump into the political fray.

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