Jamie Dimon praises Trump, warns MAGA criticism might damage Biden
JPMorgan Chase CEO Jamie Dimon on Wednesday praised former President Donald Trump‘s document and admonished Democrats to be “extra respectful” of Trump’s supporters, or else danger hurting President Joe Biden‘s reelection bid.
“I want the Democrats would suppose just a little extra rigorously once they discuss MAGA,” Dimon stated on CNBC’s “Squawk Box,” referencing Trump’s supporters by the acronym of his “Make America Nice Once more” marketing campaign slogan.
Biden has warned that Trump and “MAGA Republicans” pose an existential threat to American democracy. However he has additionally tried to distinguish between Trump’s most hardline supporters and “mainstream Republicans,” who Biden says make up a majority of the celebration.
“I believe this detrimental discuss MAGA goes to harm Biden’s election marketing campaign,” Dimon stated from the World Financial Discussion board annual assembly in Davos, Switzerland.
Dimon argued that utilizing the phrase “MAGA” incorrectly hyperlinks Trump’s supporters to the previous president’s character and character.
Democrats “are mainly scapegoating them, [saying] that you’re like him,” Dimon stated. “I do not suppose they’re voting for Trump due to his household values,” he stated.
The remarks by Dimon, who has donated to Democratic candidates however beforehand described himself as “barely a Democrat,” got here two days after the previous president trounced his few remaining Republican rivals within the Iowa caucuses.
In November, Dimon heaped reward on considered one of Trump’s challengers, former United Nations Ambassador Nikki Haley, who completed third in Iowa on Monday.
Dimon additionally gave Trump credit score for his coverage document.
“Take a step again, be trustworthy. He was sort of proper about NATO, sort of proper on immigration. He grew the financial system fairly nicely. Commerce tax reform labored. He was proper about a few of China.”
“He wasn’t mistaken about a few of these vital points, and that is why they voted for him,” Dimon stated.
Requested which candidate could be higher for his enterprise, Dimon stated, “I’ve to be ready for each. I might be ready for each. We are going to take care of each.”
“And I hope whoever it’s might be respectful of different folks,” he added.
The White Home didn’t instantly reply to CNBC’s request for touch upon Dimon’s remarks.
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