A top business leader and Democrat is warning that the left is going too far. Jamie Dimon, the CEO of financial titan JP Morgan Chase, is urging New Yorkers not to support leftist mayoral candidate Zohran Mamdani.

“He’s sounding the alarm,” said political analyst Anthony Russo.

Dimon has been a longtime Democrat supporter and was considered a possible contender for a top role in the Obama administration. But in recent remarks, Dimon accused Mamdani and his supporters of peddling “ideological mush” as Mamdani advocated seizing people’s apartments to house the homeless, creating government-run grocery stores and taxing “white” neighborhoods more.

“I think we’re on very shaky ground,” Russo explained. “What he’s sounding the alarm on is showing something that all moderate democrats need to look at. The far-left lacks ideological understanding of how the real world works and Mamdani is part of this. This guy doesn’t understand the real world, but wears $4000 suits and claims to believe that everybody should be equal.”

Russo points out that Dimon and his colleagues have long leaned left but now find themselves facing a party dominated by its extreme wing.

“Diamond and that section that is moderate, to even left, can say ‘we want some ideological things to go more progressive,” he said. “‘But when we start to push some of the fibers of economics, we’re going to destroy the fiber that makes America the greatest country in the world.’”

Also significant, Russo believes, is a change at Dimon’s company itself. JP Morgan Chase has moved away from controversial “D.E.I.” programs. The company says it’s still dedicated to justice and equal treatment but not through the mechanisms of “D.E.I.”

“The fact that JP Morgan Chase has decided that ‘we’re going to break from this, because there are errors happening because of D.E.I. hiring,’ that’s another big awakening,” Russo said.

Jimmy Barrett