Jamie Dimons Davos remarks show ICE pressure is huge test for corporate America and the media
What was up with Jamie Dimon at Davos – talking about “five grown men beating up little women”?On further inspection, his edgy asides about the ICE controversy in Minneapolis were more nuanced than what the headlines blared – and it might help to read them in full.At the most tumultuous and memorable World Economic Forum event in years, which included President Trump’s whiplash-inducing pivot on Greenland, it was a few scattered comments from the CEO of JPMorgan Chase that sent Wall Street into a tizzy.Dimon, as we all know, can be provocative.But for those following immigration enforcement, including the tragic mess that is Minneapolis, Dimon’s “little women” soundbite smacked of a cheap shot from some lefty pol, a tough yet questionable account of the facts on the ground. Indeed, On The Money was prepared to tell Dimon maybe he should focus on running his company, and stay away from politics.Nevertheless, based on a fair reading of Dimon’s full remarks, there’s some truth in what he told his interlocutor that afternoon – and a warning that the mainstream media can’t be trusted entirely to provide a fair accounting of the situation.First, Dimon’s handlers concede that he probably didn’t literally see “five grown men beating up little women” as he stated in that eye-popping rejoinder.
His remarks were a “generalization” based on his perception of what he’s seeing daily on television and reading in the paper. Dimon believes the immigration mess, the millions of illegals that poured into this country under former President Joe Biden, was among the biggest public policy mistakes in years; he credits President Trump for shutting down the border.He is also disturbed, as many Americans are, of the images of agents from Immigration Customs and Enforcement forcefully cracking down on protesters and even targets of their raids.He would like them to “be respectful,” maybe refrain from violent confrontations that have left two prot...