Dimon: Trump gets ‘A-‘ or ‘B+’ on economy
JP Morgan Chase Chairman and CEO Jamie Dimon said on Sunday that he thinks President Trump gets “something like” an “A-” or “B+” for his hand in the current economy.
“When President Trump was elected, confidence skyrocketed, consumers, small business, large corporate and because pro-business, pro-competitive taxes, pro some regulatory reform, and that has helped the economy,” he told ABC’s “This Week.”
“It’s impossible for me to tease out how much, but it has helped the economy,” Dimon added.
{mosads}Dimon credited the Obama administration with helping to “stop the economy from getting much worse,” but also criticized some policies he thinks slowed growth.
He praised Trump for turning back those policies and driving up growth as a result.
“Some of those are being reversed [under Trump],” Dimon said. “Yeah, he should take some credit for that.”
Two weeks ago, former President Obama criticized Trump and the GOP for touting the flourishing economy as their accomplishment.
“When you hear how great the economy is doing right now, let’s just remember when this recovery started,” Obama said at a talk at the University of Illinois.
OBAMA: “When I came into office we were losing 800k jobs a month. Millions of people were losing homes… By the time I left, household income was near its high, uninsured rates hit an all-time low. So when you hear how great the economy is, let’s just remember where it started.” pic.twitter.com/698WLPLNGr
— Aaron Rupar (@atrupar) September 7, 2018
Some observers shot back at Obama, saying the recovery under his administration was unprecedentedly slow.
The president opened fire himself over Twitter, writing, “The Economy is soooo good, perhaps the best in our country’s history.”
The Economy is soooo good, perhaps the best in our country’s history (remember, it’s the economy stupid!), that the Democrats are flailing & lying like CRAZY! Phony books, articles and T.V. “hits” like no other pol has had to endure-and they are losing big. Very dishonest people!
— Donald J. Trump (@realDonaldTrump) September 10, 2018
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