January 19, 2024

Jamie Dimon Scolds His Fellow Democrats

The JPMorgan Chase CEO had some refreshingly harsh words for the Trump-hating globalists in his midst.

“My heart is Democratic but my brain is kind of Republican.”

So said JPMorgan Chase CEO Jamie Dimon back in 2019, but we wonder if he’s had a change of heart since then, now that he’s had a chance to see just what a difference a president can make.

At the World Economic Forum’s annual meeting in Davos, Switzerland, this week, where the hookers and the private jets converge, and where Klaus Schwab and his fellow Great Resetters determine how the rest of us should live, the 67-year-old Dimon had some refreshingly harsh words for his Democrat colleagues.

“I think this negative talk about MAGA is going to hurt Biden’s election campaign,” he said Wednesday on CNBC’s “Squawk Box,” telling them to be “more respectful” of Donald Trump and his tens of millions of supporters. “I wish the Democrats would think a little more carefully when they talk about MAGA.”

Same here. After all, wasn’t it “unity” that Joe Biden kept preaching about at his inaugural address? Didn’t he say, “We need to come together as one nation”? You could look it up.

“I mean, really, can we just stop that stuff and actually grow up and treat other people with respect and listen to them a little bit?” said Dimon.

If only. After Trump’s historic 30-point win in Iowa, Unity Joe nonetheless took to X to denounce his fellow Americans — at least those Americans who happen to disagree with him politically: “This election was always going to be you and me vs. extreme MAGA Republicans. It was true yesterday and it’ll be true tomorrow.”

There he goes again with the MAGA smear. But, as Trump has noted, is it really a smear to say that he and his supporters want to make America great again?

But back to Jamie Dimon, for he really pushed the envelope. As the New York Post reports: “Dimon also praised some of Trump’s policies, telling progressive voters to ‘take a step back, be honest: He was kind of right about NATO, kind of right on immigration. … He grew the economy quite well. Trade tax reform worked. He was right about some of China. … He wasn’t wrong about some of these critical issues, and that’s why they voted for him.’”

Notice how he said Trump “wasn’t wrong” rather than simply saying he was right. The former is still couched in a negative, while the latter sounds too effusive for such Trump-loathing polite company. This is the combination of good will and ill will that Trump tends to engender.

“I agree with Jamie Dimon,” said former Pennsylvania Democrat Congressman Patrick Murphy on Fox News yesterday. Murphy, who was the first Gulf War vet elected to Congress, added: “There is absolutely no reason why you should criticize former President Trump’s supporters. People want a unifying message. People want an American leader that’s going to unite our country. So by calling them ‘deplorables,’ by calling them ‘crazies,’ it is not helpful. And I think that’s why people are so sick and tired of politics. We need American leadership. We need to move America forward. And I hope that’s what 2024 is going to be all about.”

Murphy, who also served as Army undersecretary, called the 2024 race “a battle for the soul of America,” and we certainly can’t argue with him. But we also sense that centrist Patriots such as Murphy are growing increasingly conflicted by their allegiance to today’s Democrat Party.

As Fox News’s Laura Ingraham put it last night, “The snow and ice at Davos hasn’t completely frozen out all common sense,” adding, “Dimon is slowly thawing to the idea that business should not be taking sides against hardworking Americans.”

Seeing is one thing. But doing is another. Dimon is your typical Wall Streeter: a glib Manhattanite who’s socially liberal but fiscally more middle-of-the-road. And given that the Democrats have been The Party of Wall Street ever since Barack Obama beguiled its kingmakers with his phony “Hope and Change” schtick, we’re wondering if Dimon’s remarks might signal a rebalance — a recalibration, however slight — of the investor class.

Trump, incidentally, is no fan of Dimon — or at least he wasn’t back in November. “Highly overrated Globalist Jamie Dimon,” Trump posted, “the CEO of JPMORGAN, is quietly pushing another non-MAGA person, Nikki Haley, for President. I’ve never been a big Jamie Dimon fan, but had to live with this guy when he came begging to the White House. I guess I don’t have to live with him anymore, and that’s a really good thing.”

But maybe there’s room for a rapprochement. As Ingraham notes, Trump’s populist conservative deal offers a win-win for Wall Street, one in which more freedom results in more innovation and greater prosperity for all. It includes a decoupling from China, a smarter approach to stupid wars, real border enforcement, and the elimination of racist and divisive DEI policies.

Maybe Dimon’s remarks are a subtle signal that Wall Street is starting to realize that swapping spit with jackasses has been a bad idea and that its more natural home is right-of-center rather than on the woke Left.

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