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JPMorgan CEO: Trump likely a “one-term president“.

(FinancialPress) — JPMorgan & Chase & Co (JPM.N) Jamie Dimon said this Wednesday that he expects a new person in the White House come 2021 – and gave his insight into how the Democrats can fill that space.

He feels that the Democratic Party must come up with a  “pro-free enterprise“ agenda for jobs and economic growth in order to secure the presidential seat, or risk Trump beating them once more.

During a luncheon hosted by the Economic Club of Chicago, he responded to the question of how many years he saw President Trump holding the White House by saying “If I had to bet, I’d bet three and half. But the Democrats have to come up with a reasonable candidate … or Trump will win again.”

Dimon, a self-described “barely“ Democrat, has been lobbying with more intensity since the 2016 elections with the purpose of warming lawmakers on subjects such as corporate taxes, mortgage finance and immigration.

He became the chairman of the Business Roundtable in December. The organization is an association of CEOs who take their perspectives up to government policymakers.

The 61-year old broached several subjects, ranging from the country‘s political climate, to racial issues, all the way to the effects of Brexit.

Among other foreign affairs, he mentioned the U.S.‘ neighbor: Mexico. “We should never be rude to a neighbour like Mexico”. He also touched upon the issue of German Chancellor Angela Merkel‘s political weakness, highlighted by talks of the formation a governing coalition that would have included her own Christian Democratic Union crumbling down this week, “is bad for all of us“.

The CEO also spoke at length about race and gender discrimination in the United States – and the fact that it‘s not acknowledged enough in the U.S.

“If you’re white, paint yourself black and walk down the street one day, and you’ll probably have a little more empathy for how some of these folks get treated,” Dimon said. “We need to make a special effort because this is a special problem.”

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Written by Ruben Maciel

Ruben is a South American writer who focuses on the
state of the cryptocurrency, cannabis and tech industries worldwide.

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