JPMorgan CEO Dimon Says Democrats Should Respect Trump Voters

JPMorgan CEO Jamie Dimon said Democrats should be “more respectful” of former President Donald Trump’s supporters in remarks on a Wednesday segment of CNBC’s “Squawk Box.”

“I wish the Democrats would think a little more carefully when they talk about MAGA. You know, and if you travel this country. The country’s unbelievable,” Dimon said. “People are growing. They’re hungry to grow. They’re innovating. It’s everywhere. It’s not just Silicon Valley. So we’ve got this great hand.”

“But when people say MAGA, they’re actually looking at people voting for Trump, and they think they’re voting, and they’re basically scapegoating them, that you are like him,” the U.S. banking giant CEO said, before going on to point out some policy areas where he agrees with the former president.

“But I don’t think they’re voting for Trump because of his family values. If you just take a step back, be honest. He’s 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 JP Morgan chief said he agrees and disagrees with Trump about the U.S. southern border and immigration policy, saying, “I don’t like how he said things about Mexico. But he wasn’t wrong about some of these critical issues, and that’s why they’re voting for him. And I think people should be a little more respectful of our fellow citizens.”

The banking executive suggested more critical thinking in politics would be a worthwhile investment, “And when you guys have people up here– You should always ask the ‘Why.’ Not like it’s a binary thing, you’re supporting Trump, you’re not supporting Trump. Why are you supporting Trump?”

“The Democrats have done a pretty good job with the deplorables hugging onto their Bibles and their beer and their guns. I mean, really like, can we just stop that stuff and actually grow up, and treat other people with respect to listen to a little bit?” Dimon said in conclusion.

But he warned Democrats that they may hurt President Joe Biden’s reelection chances if they do not dial down some of the negative talk about Trump supporters: “I do think the economy will affect — I think there’s this — negative talk about MAGA is going to hurt Biden’s election campaign.”