It’s fair to say that JPMorgan Chase CEO, Jamie Dimon, has never really been a big fan of Donald Trump.
There have been plenty of times that Dimon has criticized Trump for everything from his economic policies to the way he handles foreign affairs.
He’s even gone so far as to hint that he could BEAT Trump in a presidential race, saying, “I think I could beat Trump … because I’m as tough as he is, I’m smarter than he is … and by the way, this wealthy New Yorker actually earned his money. It wasn’t a gift from daddy.”
Pretty cocky, arrogant and disrespectful…
So, as much as Dimon has spoken out against our president — it’s surprising to hear this Wall Street power player give Trump any credit for ANYTHING — let alone for the economy. But he did.
After saying Trump deserved some credit for America’s booming economy, he opened up about it.
“All my liberal New York friends would never agree with me. But the fact is, we needed tax reform,” Dimon told interviewers.
And he’s right.
A Step in the Right Direction
Liberals HATE giving Trump any credit for anything…
It’s truly mind-boggling. Ask any conservative and they’ll tell you — they’ve never seen such pushback and such negativity toward a president before.
Watching Trump try to get anything done in Washington is like watching a one-legged man trying to ice-skate uphill…
He gets very little, if any, support or cooperation from those established members of the Deep State and many Republicans — and he gets even less from the Democrats. It’s unprecedented, and it should be a national shame.
That being said…
It’s amazing how much Trump is getting done regardless. And, while Trump isn’t looking for people’s admiration and approval — it’s nice when one of his detractors says something supportive.
Dimon understands that a LOT of the wealth Trump has helped unleash is working its way back into the economy.
Dimon says, “Some is going to stock buybacks and all that, but that’s capital. That’s just giving capital back to be reinvested. The real benefit is cumulative reinvestment in the United days over the next 20 years, and that will be substantial.”
What Dimon is saying is that the money being made now isn’t just helping the economy in its current state…
But it will go a long way in helping to secure a better economic future.
Why Trump Was the RIGHT Man for the Job
Obama regulated the HELL out of Wall Street in the wake of the financial collapse of 2008, after giving into pressure from an American public that really doesn’t understand the subtleties of the markets.
In fact, many economists say that Obama’s economic policies during the crash EXTENDED the recession — instead of ending it…
But regardless, he added a lot of new rules and regulations that were handicapping Wall Street and American investors — and Dimon understands that.
“Regulatory reform, we needed. And don’t think of banks. I’m not talking about that. I’m talking about the whole American public knows. Mind-numbing paperwork, red tape, and bureaucracy — it’s making it harder to build homes, to build bridges, to start businesses.”
And now more construction and business are happening because Trump is letting America get back to the business of making and spending money.
It’s seemed to soften Dimon’s stance on Trump…
Funny how making somebody money will do that.
However, getting Dimon on his side isn’t a bad thing — something the CEO told reporters after visiting the White House and meeting with Trump.
“I went with a bunch of other CEOs and we covered a wide range of subjects: The Mexico trade deal, China tariffs and trade deal, Huawei, infrastructure, immigration. And that’s our job, try to help him do the best he can.”
That’s good to hear…
As it’s high time that Trump got the credit and support he deserves.
“Government is instituted for the common good; for the protection, safety, prosperity and happiness of the people; and not for the profit, honor, or private interest of any one man, family, or class of men.” ― John Adams