Robert Reich: Why Jamie Dimon Loves Trump's Policies - OpEd
By Robert Reich
On Wednesday, speaking from the World Economic Forum’s confab in Davos, Switzerland, Jamie Dimon — chair and CEO of the largest and most profitable bank in the United States and one of the most influential CEOs in the world — heaped praise on Donald Trump’s policies while president.
“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,” said Dimon.
What?
Mr. Dimon, take a step back, be honest.
Kind of right on NATO? Trump wanted the U.S. to withdraw from NATO — and may get his way if he becomes president again. This would open Europe further to Putin’s aggression.
Kind of right on immigration? Even the conservative CATO Institute found that Trump reduced legal immigration but not illegal immigration. Trump refused to grant legal status to children of immigrants born in the United States or who grew up in the U.S. He banned Muslims from America and when the Muslim ban was found to be unconstitutional, banned people from Muslim countries. He fueled the flames of nativism by describing poorer nations as “shit holes” and has used Nazi terms to describe foreigners as “poisoning the blood” of Americans.
Grew the economy quite well? In fact , under Trump the economy lost 2.9 million jobs. Even before the pandemic, job growth was slower than it has been under Biden. The unemployment rate increased by 1.6 percentage points to 6.3%. The international trade deficit Trump promised to reduce went up. The U.S. trade deficit in goods and services in 2020 was the highest since 2008 and increased 40.5% from 2016. The number of Americans lacking health insurance rose by 3 million. The federal debt held by the public went up, from $14.4 trillion to $21.6 trillion.
More: https://www.eurasiareview.com/21012024-robert...cies-oped/
By Robert Reich
On Wednesday, speaking from the World Economic Forum’s confab in Davos, Switzerland, Jamie Dimon — chair and CEO of the largest and most profitable bank in the United States and one of the most influential CEOs in the world — heaped praise on Donald Trump’s policies while president.
“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,” said Dimon.
What?
Mr. Dimon, take a step back, be honest.
Kind of right on NATO? Trump wanted the U.S. to withdraw from NATO — and may get his way if he becomes president again. This would open Europe further to Putin’s aggression.
Kind of right on immigration? Even the conservative CATO Institute found that Trump reduced legal immigration but not illegal immigration. Trump refused to grant legal status to children of immigrants born in the United States or who grew up in the U.S. He banned Muslims from America and when the Muslim ban was found to be unconstitutional, banned people from Muslim countries. He fueled the flames of nativism by describing poorer nations as “shit holes” and has used Nazi terms to describe foreigners as “poisoning the blood” of Americans.
Grew the economy quite well? In fact , under Trump the economy lost 2.9 million jobs. Even before the pandemic, job growth was slower than it has been under Biden. The unemployment rate increased by 1.6 percentage points to 6.3%. The international trade deficit Trump promised to reduce went up. The U.S. trade deficit in goods and services in 2020 was the highest since 2008 and increased 40.5% from 2016. The number of Americans lacking health insurance rose by 3 million. The federal debt held by the public went up, from $14.4 trillion to $21.6 trillion.
More: https://www.eurasiareview.com/21012024-robert...cies-oped/
