JPMorgan Chase CEO Jamie Dimon is offering political wisdom on Donald Trump to Democrats and the media.
Dimon said Wednesday on CBNC's “Squawk Box” that constant attacks on Trump, his supporters and his “Make America Great Again” policies will ultimately backfire on President Joe Biden and the Democratic Party. I warned him that he would come out.
“This negative talk about MAGA will have a negative impact on Biden's campaign,” Dimon predicted. “I wish Democrats would think a little more carefully when they talk about MAGA.”
The billionaire banker was referring to the Democratic Party's habit of deriding Trump supporters as “deplorables” or simple Americans who embrace “Bibles, beer and guns.”
“Can we stop doing that and actually grow up and treat other people with respect and listen to what they have to say a little bit?” Dimon said. “I think people should have a little more respect for their fellow citizens.”
In fact, Dimon suggested that media personnel need to be more introspective and seek to understand. why So many Americans support Trump.
For Daimon — someone you personally identify with “The heart is a Democrat, the brain is a Republican”—the reason why It's clear that Americans support Trump: Trump was “not wrong” on some of the most pressing issues affecting America and the world today.
“When people say MAGA, they're actually looking at the people who are voting for Trump and basically scapegoating them – you're just like him – but I think they're family members.” “I don't think they're voting for Trump because of his values,” Dimon said.
“If you take a step back and be honest, he's right in some ways about NATO. He's right in some ways about immigration. He grew the economy very well,” he explained. “Tax reform worked. He was right about some things about China. I don't like what he said about Mexico, but he wasn't wrong about some of these important issues. That's why people want him to be right. I'm voting for it.”
Dimon also shared his own economic predictions during the interview and cautioned against wearing rose-colored glasses.
“I think it's a mistake to think that everything is grumpy,” he says.
“When the stock market goes up, it's like a little drug that we all feel like it's just great,” he continued. “But remember, we've done so much fiscal monetary stimulus that we're going to be facing a lot in 24 or 25, so I'm a little more on the cautious side. And we have Ukraine, terrorism in Israel, the Red Sea, quantitative tightening…and obviously politics.”
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