A quote of JPMorgan CEO Jamie Dimon by John L. Dorman at Yahoo!Finance caught my eye:
JPMorgan Chase chief executive Jamie Dimon said that former President Donald Trump was “kind of right” about NATO and immigration and urged Democrats to “be a little more respectful” of voters who are backing the ex-president’s 2024 campaign.
During a CNBC “Squawk Box” interview conducted in Davos, the site of the World Economic Forum’s annual meeting, Dimon on Wednesday said that Americans who adhere to the Make America Great Again movement were fond of Trump’s policies and not necessarily backing the former president’s personal conduct as they head into ballot booths.
“When people say MAGA, they’re actually looking at people voting for Trump, and they think they’re voting — 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,” Dimon said.
“He’s kind of right about NATO. Kind of right about immigration,” the chief executive continued. “He grew the economy quite well. Tax reform worked. He was right about some of China.”
Trump during his presidency was highly critical of NATO; last year, Congress passed a Pentagon funding bill that effectively bars any president from unilaterally leaving the intergovernmental military alliance.
Dimon, similar to comments he made in November 2023, reiterated that he wanted to see Democrats “think a little more carefully” when they speak about MAGA and again pointed to his belief that Trump has been correct on a range of issues.
That has some resonance with this observation of Minnesota Democratic Congressman Dean Phillips:
And I’ve got to tell you guys, I went to a Donald Trump rally a couple nights ago. Never been to one. I had an event across the street. I saw the line of people waiting in the cold for hours and I thought, what the heck, you know, I’m going to be a leader who actually invites people, doesn’t condemn them, Met probably 50 Trump people waiting in line. Every single one of them, thoughtful, hospitable, friendly, all of them so frustrated that they feel nobody’s listening to them but Donald Trump. A diverse crowd. People who had never been to a Trump event before. My party is completely delusional right now, and somebody had to wake us up. And if that’s my job, so be it.
I wonder if President Biden understands the risks of the “democracy is in the balance” campaign he’s been running. There are several two of which are mentioned above—it says nothing about policy and it may alienate the very people you want to vote for you. Here’s another. When your claims are that the other guy is a fascist, a would-be dictator, and you want to preserve democracy it means you’ve got to not be a fascist or would-be dictator and you must be democratic. Nothing says “democracy” like the steps, for example, the the State of Illinois’s Democratic Party has taken to keep anyone not named “Joe Biden” off the list of Democratic candidates for president here.