Guess who helped President Obama whip the shitty budget bill through the House? JPMorgan CEO Jamie Dimon:
JPMorgan Chase CEO Jamie Dimon made calls to lawmakers on Thursday urging them to support the “cromnibus” spending bill, House Financial Services Committee ranking member Maxine Waters (D-Calif.) told reporters.
Dimon’s involvement came amidst progressives enraged that the House “cromnibus” included a provision that they said would weaken Wall Street regulations.
“I think we got hurt when Jamie Dimon and the president started to whip,” Waters told reporters after the vote. “That’s when I think we lost some votes.”[snip]
Waters and progressives opposed the budget due to changes to the 2010 Dodd-Frank Wall Street Reform Law that were supported by Dimon and other big banks.
“What does it say? It just seems very odd,” Waters said. “It is just very strange that the two of them would be working for the support of this bill.”
When asked if she thought that Obama had sold out to Wall Street, Waters replied: “That’s not for me to determine. I know that the president was whipping. I know that Jamie Dimon was whipping and calling directly into members’ offices. And that’s odd. That’s an odd combination.”
For fuck’s sake. This is the kind of bullshit that could convince impressionable young voters that there’s no point in casting a ballot, even if you and I know better.
Can someone please explain why supporting this crappy bill was good for Democrats? A reason besides the threat of an even shittier bill squeezing between the cheeks of a Republican controlled Congress in 2015? That’s some weak-ass sauce.