Jamie Dimon weighs in on Trump’s win, policies his admin should focus on

JPMorgan Chase CEO Jamie Dimon In an interview published this weekend, he explained the factors he sees as leading to President-elect Donald Trump’s election victory over Vice President Kamala Harris.

Dimon was interviewed by CBS’s Leslie Stahl “CBS News Sunday Morning” and said he sees frustration among American voters about government policies and the issues that political leaders are focusing on.

“People were angry at what they called the state, a ‘swamp.'” An ineffective government that the people wanted more of pro-growth and pro-business politics they didn’t want to be lectured about all the time. I think it’s a social excellence, it’s ‘My Way or the Highway’. I traveled all over the country; I felt it wherever I went,” said Dimon.

Stahl asked Dimon if he understood there was “a sense of gloom about the economy.”

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JPMorgan Chase CEO and Chairman Jamie Dimon spoke with CBS about President-elect Donald Trump’s return to the White House. (Photo by Victor J. Blue/Bloomberg/Getty Images/Getty Images)

“I understand that because I think Americans have a lot of legitimate concerns,” Dimon replied.

Dimon went on to say that inflation and the lack of connection between government policy priorities and the results of those policies in rural communities added to that frustration.

“It was inflation, that was all the money that was given. If you look at all the things that have been done, those things like EV loans. Look, they don’t.” whether it benefited them, they still did not have jobs, their incomes did not increase, their schools did not work,” he explained. “So you have to be very careful when you analyze what happened in our society, why people looked at it and said, this doesn’t work for me.”

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In an extended interview with CBS, Dimon said that state bureaucracy burdens small businesses and contributes to pessimism about economic opportunity as well as disillusionment with government institutions.

“Everybody out there who deals with the federal government, especially small businesses, knows that the bureaucracy is extraordinary. We all laugh at it now. Don’t get it, this rule says don’t do it, people don’t have to work anymore to go,” he explained.

“All of these things have to change. I think it’s very low morale and anger at the government, so it needs to be fixed,” Dimon said.

President-elect Donald Trump will be inaugurated for his second term on January 20, 2025. (REUTERS/Carlos Barria/Reuters Photos)

Dimon was asked what policy advice he would give Trump for his second term, and pointed to immigration reform and border security.

“Get immigration, border security, and then proper immigration. legal immigration. Immigration wanted. Be it seasonal workers, H-1B visas, with which, by the way, I think many people kind of agree,” he explained.

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Stahl asked Dimon if there was anything “wrong” with the US economic system, given that the highest-income Americans are seeing their wealth rise.

“I think you have to be very careful to say, ‘What’s a failure?’ part of the wealth, they must be corrected.”

“If I were king one day, I’d probably change a bunch of them tax lawsalso, which I won’t tell you about. It’s not going to cut it as much as it looks like it should,” Dimon said. “I think the bottom 30% didn’t do any better , not that the top 0.1% have done so well.”

Jamie Dimon has been CEO of JPMorgan Chase since 2006. (Photo by Eric McGregor/LightRocket via Getty Images/Getty Images)

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It CEO of JPMorgan He offered one specific tax policy proposal and said he would double the Earned Income Tax Credit, which supplements the income of low- and middle-income working households. it will go to their communities, to their families,” he said.