Jamie Dimon Warns Dems to Go Easy On Trump: ‘Negative Talk About MAGA’ Will Hurt Biden
JPMorgan CEO Jamie Dimon has a message for President Joe Biden’s campaign: don’t talk down to supporters of former President Donald Trump.
Dimon was the guest for a segment on CNBC’s Squawk Box on Wednesday, which was on location in Davos for the World Economic Forum, and turned to politics during a conversation on the U.S. economy. Co-host Andrew Ross Sorkin brought up the fact that it was an election year, and asked Dimon for his insight on how economic progress would play into that. Dimon’s response detailed a lot of outside forces such as the wars in Ukraine and Israel:
So you have all these very powerful forces that are going to be affecting us in ’24 and ’25. So if I was the government I would be preparing for what I’m going to do about that assuming things aren’t good.
And then he turned to politics:
Dimon: I wish the Democrats would think a little more carefully when they talk about MAGA. You know, and if you travel this country. The country’s unbelievable. … People are growing. They’re hungry to grow. They’re innovating. It’s everywhere. It’s not just Silicon Valley. So we’ve got this great hand.
But when people say MAGA, they’re actually looking at people voting for Trump, and they think they’re voting, and they’re basically scapegoating them, that you are like him. But I don’t think they’re voting for Trump because of his family values. If you just take a step back, be honest. He’s kind of right about NATO. Kind of right about immigration. He grew the economy quite well. Tax reform worked. He was right about some of China. I don’t like what he did–
Sorkin: I know he said “China virus.”
Dimon: Yeah, I understand. And I don’t like how he said things about Mexico. But he wasn’t wrong about some of these critical issues, and that’s why they’re voting for him. And I think people should be a little more respectful of our fellow citizens. And when you guys have people up here– You should always ask the “Why.” Not like it’s a binary thing, “You’re supporting Trump, you’re not supporting Trump.” Why are you supporting Trump?
Dimon went on to say the polarization on the part of Democrats would “hurt” Biden’s reelection chances:
The Democrats have done a pretty good job with the “deplorables,” hugging onto their Bibles and their beer and their guns. I mean, really like, can we just stop that stuff and actually grow up, and treat other people with respect to listen to a little bit? And I do think the economy will affect I think there’s this negative talk about MAGA is going to hurt Biden’s election campaign.
Watch the video above via CNBC.
