Click here for an article at Substack by Robert Reich (Clinton's Secretary of Labor) entitled "Why Jamie Dimon loves Trump's policies," subtitled "A frightening example of the integrity-crushing intimidation of a possible Trump administration."
Speaking at Davos, Switzerland, at the annual meeting of the World Economic Forum, Jamie Dimon, CEO of
"Take a step back. Be honest. He was kind of right about NATO, kind of right on immigration. He grew the economy quite well. Tax reform worked. He was right about some of China. He wasn't wrong about some of these critical issues."
Reich proceeds to firmly rebut each of Dimon's statements. Then he says:
Why is Jamie Dimon — the most influential CEO in America — spouting these lies in favor of Trump? Because he thinks Trump has a good chance of becoming president, and Dimon wants to be in his good graces.Asked which candidate would be better for his business, Dimon said, “I have to be prepared for both. I will be prepared for both. We will deal with both.”
Dimon supported Nikki Haley in Iowa, to which Trump responded:
“Highly overrated Globalist Jamie Dimon, the CEO of JPMORGAN, is quietly pushing another non-MAGA person, Nikki Haley, for President,” Trump said in a post on Truth Social in late November. “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.”
Ouch! If Trump becomes president, Dimon doesn't want to be in his bad books, because he knows Trump will be looking for reprisal against people who did not support him. Hence Dimon's grovelling at Davos.
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