US Markets
Wednesday, January 17th, 2024 8:12 pm EDT
Key Points
- Jamie Dimon, CEO of JPMorgan Chase, praises former President Donald Trump’s policy record, highlighting his achievements in areas such as NATO, immigration, economic growth, trade, tax reform, and China.
- Dimon admonishes Democrats to be “more respectful” of Trump’s supporters, expressing concern that negative talk about “MAGA” (Make America Great Again) could harm President Joe Biden’s reelection campaign. He argues that incorrectly linking Trump’s supporters to the former president’s personality and character amounts to scapegoating.
- Dimon maintains a pragmatic stance, emphasizing the need for preparation for both potential election outcomes and expressing hope that the elected candidate, whoever it may be, will be respectful of others.
In a recent interview on CNBC’s “Squawk Box” from the World Economic Forum in Davos, Switzerland, JPMorgan Chase CEO Jamie Dimon praised former President Donald Trump’s policy record and urged Democrats to show more respect to Trump’s supporters. Dimon expressed concern that the negative rhetoric surrounding the term “MAGA” (Make America Great Again) could harm President Joe Biden’s reelection chances. He argued that Democrats are unfairly linking Trump’s supporters to the former president’s personality and character, suggesting that they are scapegoating them by implying that they support Trump solely because of his personal values. Dimon, who has donated to Democratic candidates in the past but described himself as “barely a Democrat,” emphasized the need for Democrats to be more thoughtful in their discussions about MAGA.
Dimon’s comments came just two days after Trump emerged victorious in the Iowa caucuses, securing a significant win over his few remaining Republican rivals. While Biden has warned of an existential threat posed by Trump and “MAGA Republicans” to American democracy, he has also attempted to differentiate between Trump’s most ardent supporters and what he terms “mainstream Republicans.” In the interview, Dimon acknowledged Trump’s policy achievements, giving credit for being right about issues such as NATO, immigration, economic growth, trade, tax reform, and China.
Dimon maintained a pragmatic approach when asked about the impact of the upcoming election on his business, stating that he needs to be prepared for both possible outcomes and expressed hope that whoever wins will be respectful of others. The White House did not immediately respond to CNBC’s request for comment on Dimon’s remarks, highlighting the ongoing debate within the Democratic party regarding how to approach Trump’s legacy and engage with his supporters in the lead-up to the next election.
For the full original article on CNBC, please click here: https://www.cnbc.com/2024/01/17/jamie-dimon-praises-trump-warns-maga-criticism-could-hurt-biden.html
