JPMorgan CEO Jamie Dimon took aim at Democrats on Thursday, calling them “idiots,” who “do not understand how the real world works” and have “little brains.”
“I have a lot of friends who are Democrats, and they’re idiots. I always say they have big hearts and little brains,” Dimon said reportedly during a foreign-ministry event in Dublin, Ireland. “They do not understand how the real world works. Almost every single policy rolled out failed.”
Fox Business anchor David Asman and contributor Gerry Baker analyzed the CEO’s comments during Friday’s broadcast.
“Kind of reminds you of what Winston Churchill said long ago: ‘If you’re not a socialist when you’re young, you have no heart. If you’re not a conservative when you are old, you’ve got no brain,’” Asman said.
This isn’t the first time longtime Democrat Jamie Dimon has sharply criticized his own party in recent months. Dimon criticized California’s far-left leadership during a visit to a Chase Bank branch that was destroyed in the recent Palisades fire.
“I’d change the name of Red Tape to Blue Tape because it’s the Democrats who seem to want more and more regulations,” he said at the time.
“We need good regulations. We need good food. We need a good financial system. It’s just not more, more and more. And you see it in everything, permitting and licensing. And there are lessons to be learned. And whether you’re a Democrat or Republican, you should be saying, I want an efficient government,” he added.
Meanwhile, the Democratic Party is actually trending further to the left.
Zohran Mamdani’s democratic socialist allies are reportedly considering primary challenges next year against several congressional Democrats in New York City, including House Minority Leader Hakeem Jeffries.
Mamdani, the 33-year-old Ugandan-born democratic socialist assemblyman from Queens, sent political shockwaves nationwide with his decisive victory two weeks ago over former New York Gov. Andrew Cuomo and nine other candidates in New York City’s Democratic mayoral primary.
His win marks a significant step toward potentially becoming the city’s first Muslim mayor, but would also signal the Democratic Party’s increasing shift to the extreme far-left.
In the wake of Mamdani’s primary victory in June, the Democratic Socialists of America (DSA) highlighted that “this movement is bigger than one person, election, city, or organization.”
“We encourage all people inspired by the Zohran campaign to join their local DSA or YDSA chapter and get involved so we can continue to fight alongside Zohran and DSA elected officials across the country to create the future we all deserve,” the party added.
Now, following Mamdani’s victory, DSA leaders are reportedly considering mounting primary challenges not only against Jeffries but also other House Democrats representing New York City districts, including Reps. Ritchie Torres, Jerry Nadler, Dan Goldman, and Yvette Clarke, Fox added.
Jeffries, who succeeded longtime House Democratic leader and former Speaker Nancy Pelosi two years ago, has faced criticism from some of New York City’s far-left leaders, who label him a moderate and establishment Democrat.
“His leadership has left a vacuum that organizations like DSA are filling. I think that is more important right now,” New York City’s Democratic Socialists of America chapter co-chair Gustavo Gordillo said in a CNN interview recently.
Democratic socialist state Sen. Jabari Brisport, who represents some of the same areas of Brooklyn that Jeffries does in the U.S. House, told Fox News in a statement that the longtime congressman is “rapidly growing out of touch with an insurgent and growing progressive base within his own district that he should pay more attention to.”
Democratic strategist Andre Richardson, a senior political advisor to Jeffries, highlighted the sweeping actions taken by President Donald Trump during the early months of his second term in the White House that the left vehemently opposes, said, “Leader Hakeem Jeffries is focused on taking back the House from the MAGA extremists who just ripped health care away from millions of Americans.”
A new poll indicates that Rep. Elise Stefanik (R-N.Y.), a candidate for governor, is trailing incumbent Gov. Kathy Hochul (D) by just 3 percentage points — suggesting a potentially competitive race if Stefanik secures the Republican nomination.
The survey, conducted by independent market research firm J.L. Partners, polled 500 likely New York voters and found Hochul leading Stefanik 46 percent to 43 percent in a hypothetical matchup, with 11 percent undecided, The Hill reported, citing the results.
The survey shows that 37 percent of voters have a very or somewhat favorable view of Stefanik, while 32 percent hold a somewhat or very unfavorable view.
Stefanik, a strong supporter of President Trump, launched her gubernatorial campaign last week. She was first elected to Congress in 2014 to represent New York’s 21st Congressional District and served as House GOP conference chair from 2021 to 2025.
Trump nominated her for U.S. ambassador to the United Nations in January, but the nomination was later withdrawn after concerns were raised that her vote in Congress would be needed to advance his agenda.
Meanwhile, Hochul is tapping the brakes on New York City Mayor-elect Zohran Mamdani’s $700 million plan for free city buses, casting early doubt on one of the far-left lawmaker’s biggest campaign promises, The New York Post reported.
Speaking at the SOMOS political retreat in Puerto Rico on Saturday, Hochul said she’s already spent heavily to support the city’s struggling MTA and questioned how much further the state could go.
“I continue to be excited at the work of making the slowest buses in America fast and free,” Mamdani said Monday during an unrelated press conference. “And I appreciate the governor’s continued partnership in delivering on that agenda of affordability.”
But Hochul’s comments in San Juan marked the latest break between the moderate Democratic governor and Mamdani, the Democratic socialist she endorsed just two months ago.
Hochul happily rode Mamdani’s coattails during the campaign as he energized progressives with promises of affordability and social programs, but she has shown far less enthusiasm for actually paying for them.
The governor has rejected several of Mamdani’s cornerstone ideas, including proposals to raise taxes on wealthy New Yorkers to fund $10 billion in new benefits like free child care and fareless transit.
Her caution could create a serious roadblock for the incoming mayor, whose ambitious plans rely on support from Albany to move forward.
Gov Hochul SHUTS DOWN Mamdani’s Free Bus Program
“I cannot set forth a plan right now that takes money out of a system that relies on the fares of the buses and the subways, but can we find a path to make it more affordable for people who need help? Of course we can.” https://t.co/NaIOFhZZXG pic.twitter.com/phAHjSshWk
— Mr Producer (@RichSementa) November 10, 2025
The top two Democratic leaders in the state Legislature — Assembly Speaker Carl Heastie and Senate Majority Leader Andrea Stewart-Cousins — have signaled more willingness to help Mamdani pursue his agenda.
That divide leaves Hochul increasingly isolated from the party’s energized left flank, which has been openly pressuring her to embrace higher taxes on the rich.
During recent public appearances, activists have twice interrupted the governor with chants of “Tax the rich,” drawing a sharp rebuke.
“The more you push me, the more I’m not going to do what you want,” Hochul told the SOMOS crowd in response.
Still, Hochul did not fully reject Mamdani’s wish list.
She said she’s open to working with him on expanding free child care, though she made clear it would be an expensive and long-term goal.
Another near-lethal blow to Mamdani’s free-for-all promises just happened.
His promises to Trump proof NYC requires a huge amount of money, and his primary means to achieve it was said to be raising taxes.
Kathy Hochul just confirmed there’s no chance she will raise taxes. https://t.co/7qWBwYTL0T pic.twitter.com/jb7DXBMQZO
— Media Lies (@MediasLies) November 8, 2025
“We’ll be on a path to get there, because I’m committed to this as ‘mom governor’ — I get it,” Hochul said.
“But also to do it statewide, right now, it’s about $15 billion — the entire amount of my reserves.”
The cautious tone was a reality check for Mamdani, who has portrayed himself as the champion of “everyday New Yorkers” and promised to make the city more affordable through massive new public spending.
Hochul’s remarks also came as she continues her own political maneuvering ahead of a likely 2026 re-election bid.