JPMorgan Chase & Co JPM CEO Jamie Dimon has a warning for Democratic supporters who plan to bash former President Donald Trump heading into the 2024 presidential election.
What To Know: In a CNBC interview Wednesday at the World Economic Forum in Davos, Switzerland, Dimon indicated that Trump criticisms could actually hurt President Joe Biden’s chances for re-election.
“I wish the Democrats would think a little more carefully when they talk about MAGA,” Dimon said.
MAGA, or “Make America Great Again” is a political slogan popularized by Trump, but the term is also used to refer to Trump’s supporters.
Dimon told CNBC that when people say MAGA, they are scapegoating Trump’s supporter base and comparing them to Trump as a person. When in reality, Trump’s supporters probably aren’t voting for him because of his family and personal values. Instead, they support the former president because of what he was able to do for the country, he said.
“If you just take a step back, be honest, he was 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,” Dimon said.
The JPMorgan CEO acknowledged that Trump doesn’t always choose the right words, particularly his comments about Mexico that Dimon didn’t like, but “he wasn't wrong about some of these critical issues and that's why they're voting for him.”
Instead of asking someone whether or not they support Trump, we should be asking why someone does or doesn’t support Trump, he said, adding that it shouldn’t be binary like a lot of people make it out to be.
“Can we just stop that stuff and actually grow up and treat other people with respect? … This negative talk about MAGA is going to hurt Biden's election campaign,” Dimon said.
Trump dominated the Iowa caucus with more than half of the total vote on Monday. The latest Morning Consult poll, which Benzinga tracks weekly, showed that Trump currently holds a commanding lead in the Republican primary race with approximately 69% of support.
Photo: Shutterstock and Benzinga file photo by Dustin Blitchok.
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