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IPFS News Link • Wall Street

Surprise!? CEO of JP Morgan says "Trump was kinda right" and his supporters deserve respec

• https://joannenova.com.au, By Jo Nova

The head of the largest bank in the US said the unthinkable in Davos this week. Jamie Dimon, CEO of J.P. Morgan, and perhaps the most important banker in New York and thus the US, warned the Democrats that they were making a mistake demonizing Trump supporters. He even admitted Trump got some things "kind of" right, suggested rather radically that it was time people grew up "I mean, really?" he said "Can we stop that stuff" and  "treat other people with respect and listen to them a little bit?"

Normally, JP Morgan can be counted to be on the same side as the big banker WEF cabal, or to some extent, driving it. Dimon has spent the last three months talking up Nikki Haley. So he is going right off the ranch here.

"I wish the Democrats would think a little more carefully when they talk about MAGA," Dimon told CNBC on Wednesday from the World Economic Forum in Davos.

"I don't think they are voting for Trump because of his family values," Dimon said. "Just take a step back and be honest: He was kind of right about NATO. He was kind of right about immigration. He grew the economy quite well. Tax reform worked."

Jamie Dimon seems be aware not only that Trump might win, but that the Democrats are fueling his campaign by maligning his supporters, in much the same way Hillary did when she called half the nation "Deplorables". Obviously, if Trump wins, Dimon doesn't want The President as an enemy. But it's more than that — even though he's speaking as if he's a Democrat fan giving them advice — really he is backing slowly away from a trainwreck.

Earlier in the same interview he was passionate about the disaster that is uncontrolled immigration. He said "if you do not control the borders you are going to destroy the country". Those are fighting words, not the tip-toeing "kinda right" verbiage, and it's an implicit endorsement of the Trump trademark Build the Wall policy of 2016.

It's as if he might have realized they created a monster. Destroying the country is a dynamite phrase. Even though both sides of the political spectrum will be listening to his every word, this is not kindly advice to the Democrats.  Even if Democrats promised to "build a wall," it's too late now. Who would believe they'd do it come inauguration day? It's way past that.


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