JPMorgan CEO Jamie Dimon criticizes ‘ultra-MAGA’ term as divisive and disrespectful to many

JPMorgan CEO Jamie Dimon speaks at the DealBook conference

JPMorgan CEO Jamie Dimon speaks at the DealBook conference in Manhattan on November 29, 2023.Michael M Santiago/Getty Images

  • JP Morgan CEO Jamie Dimon laments use of the term “ultra-MAGA” during the NYT DealBook summit.

  • “I think you’re insulting a large group of people and then we’re making assumptions,” he said.

  • Dimon encourages Democrats to support Nikki Haley’s 2024 bid as an alternative to Trump’s political return.

JPMorgan Chase’s Jamie Dimon cautioned against the use of the term “ultra-MAGA” to describe pro-Trump conservatives. Dimon argued that the phrase insults a large group of Americans and called for a more tolerant approach to different political viewpoints.

Speaking at The New York Times’s DealBook Summit in Manhattan, Dimon emphasized the importance of listening to others’ political differences and the need to avoid making assumptions based on broad classifications. He urged attendees to engage in meaningful discourse without resorting to scapegoating and demeaning rhetoric. His comments were made during a discussion with Times columnist and DealBook editor-at-large Andrew Ross Sorkin.

A popular term describing the most conservative followers of Trump’s Make America Great Again movement, “ultra-MAGA” gained prominence following President Joe Biden’s use of the phrase.

Dimon noted that several voters felt improved economic conditions during Trump’s presidency and felt aligned with conservative policies, regardless of personal beliefs about Trump’s family values. He stressed the need for individuals to transcend ideological boundaries and engage with different points of view.

Commenting on the need to move beyond partisan divides, Dimon mentioned the importance of reading across the political spectrum, underscoring the need for greater empathy and understanding.

While speaking at the event, Dimon openly praised former UN ambassador, Nikki Haley, and encouraged Democrats to support her in the Republican primaries as an alternative to Trump. He expressed a willingness to work with Trump again, acknowledging the possibility of the former president’s return to the electoral arena.

Source: Business Insider

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