What happens when the President of the United States and the head of JPMorgan Chase & Co. get into a war of words over which one is smarter? You can probably hear that answer coming from a mile away.
According to a Bloomberg report
, Dimon used an event on Wednesday morning celebrating his company’s philanthropic endeavors to offer himself as a potential presidential contender. “I think I could beat Trump,” he said, referring to a potential 2020 showdown. “I’m as tough as he is, I’m smarter than he is.”
Dimon almost immediately realized that he was in the wrong realm and his company issued a statement retracting his comments. “I should not have said it,” Dimon apologized. “I’m not running for president. Proves I wouldn’t make a good politician. I get frustrated because I want all sides to come together to help solve big problems.”
Not surprisingly, President Trump took to Twitter this morning to respond to Dimon’s comments. “The problem with banker Jamie Dimon running for President is that he doesn’t have the aptitude or “smarts” & is a poor public speaker & nervous mess - otherwise he is wonderful,” he tweeted
. “I’ve made a lot of bankers, and others, look much smarter than they are with my great economic policy!”