Jamie Dimon praises Trump and warns MAGA criticism could hurt Biden

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Watch CNBC's full interview with JPMorgan Chase CEO Jamie Dimon

C. B. Morgan Chase CEO Jamie Dimon on Wednesday praised former President Donald Trump’s record and advised Democrats to be “more respectful” of Trump’s supporters, or risk hurting President Joe Biden’s re-election bid.

“I wish Democrats would think more carefully when they talk about MAGA,” Dimon said on CNBC’s “Squawk Box,” referring to Trump supporters by shorthand for his “Make America Great Again” campaign slogan.

“I think this negative talk about MAGA will hurt Biden’s election campaign,” he said during the annual meeting of the World Economic Forum in Davos, Switzerland.

Damon argued that the use of the phrase “MAGA” incorrectly links Trump supporters to the former president’s personality and character.

“[Democrats] They are basically their scapegoats, [saying] “You’re just like him,” Damon said. He added, “I don’t think they vote for Trump because of his family values.”

The comments from Dimon, who has donated to Democratic candidates but previously described himself as “barely a Democrat,” came two days after the former president defeated his few remaining Republican challengers in the Iowa caucuses.

In November, Dimon praised one of Trump’s rivals, former UN Ambassador Nikki Haley, who placed third in Iowa on Monday.

Meanwhile, Biden warned that Trump and “MAGA Republicans” pose an existential threat to American democracy. But he also tried to do it He distinguishes Between Trump’s most hard-line supporters and the “Republican movement,” which Biden says constitute the majority of the party.

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Damon also gave Trump credit for his political record.

“Take a step back, and be honest. He was kind of right about NATO, and he was right about immigration. He grew the economy well. Trade tax reform worked. And he was right about some of China.” .

“He wasn’t wrong on some of these critical issues, and that’s why they voted for him,” Dimon said.

Asked who would be the best candidate for his job, Damon said: “I have to be prepared for both. I will be prepared for both. We will handle both.”

He added: “I hope he respects others.”

The White House did not immediately respond to CNBC’s request for comment on Dimon’s statements.

This article originally appeared on www.cnbc.com

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