Overview

• At a July 10 event in Dublin, Dimon warned Democrats against endorsing Mamdani, calling him “more a Marxist than a socialist.”
• He accused Democratic leaders of being “idiots” with “big hearts and little brains” for overemphasizing ideological policies.
• Dimon argued the party had “overdone DEI” and urged a return to business-driven, real-world solutions.
• He reproached President Biden’s administration for having no business executive advisers, saying he was “speechless” at its knowledge gap.
• The remarks spurred New Yorkers for a Better Future Mayor 25 to seek $20 million to oppose Mamdani and highlighted growing corporate influence in politics.