Jamie Dimon’s Davos rant shows ICE pressure is huge test for corporate

Jamie Dimon’s Davos rant shows ICE pressure is huge test for corporate

What was up with Jamie Dimon at Davos – speaking about “five grown men beating up little women”?

On additional inspection, his edgy asides about the ICE controversy in Minneapolis have been more nuanced than what the headlines blared – and it would assist 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 despatched Wall Street right into a tizzy.

Jamie Dimon’s “little women” soundbite smacked of an inexpensive shot from some lefty pol, a tricky yet questionable account of the information on the floor.  Jack Forbes / NY Post Design

Dimon, as everyone knows, might be provocative. But for those following immigration enforcement, including the tragic mess that is Minneapolis, Dimon’s “little women” soundbite smacked of an inexpensive shot from some lefty pol, a tricky yet questionable account of the information on the floor. 

Indeed, On The Money was ready to inform Dimon perhaps he ought to deal with working his company, and keep away from politics.

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Nevertheless, based on a good studying of Dimon’s full remarks, there’s some reality in what he told his interlocutor that afternoon – and a warning that the mainstream media can’t be trusted completely to supply a good accounting of the state of affairs.

First, Dimon’s handlers concede that he most likely didn’t actually see “five grown men beating up little women” as he acknowledged in that eye-popping rejoinder. His remarks have been a “generalization” based on his notion of what he’s seeing daily on tv and studying in the paper. 

Dimon believes the immigration mess, the tens of millions of illegals that poured into this nation under former President Joe Biden, was among the largest public coverage errors in years; he credit President Trump for shutting down the border.

Dimon believes the immigration mess, the tens of millions of illegals that poured into this nation under former President Joe Biden, was among the largest public coverage errors in years. James Keivom

He is also disturbed, as many Americans are, of the pictures of brokers from Immigration Customs and Enforcement forcefully cracking down on protesters and even targets of their raids. He would really like them to “be respectful,” perhaps chorus from violent confrontations that have left two protesters useless in that metropolis.

But, and this is a big however, he isn’t certain what he is seeing – the accounts of the ICE crackdown or what he’s studying in the “liberal” mainstream media — tells the entire story.

“I’m a fanatic about detail. Show me who’s been rounded up,” he said later in the interview, which wasn’t so widely reported. “Are they here legally? Are they criminals? Did they do something … Did they break American law? … I don’t like what I’m seeing. But it’s hard for me to tell whether that’s just, you know, (what) the liberal press plays or whether there’s more truth to that.”

Good point, Jamie. It’s no secret that the “liberal press” would like to enlist you and the remainder of the CEO class and be part of the fight against the Trump immigration crackdown; just witness a latest New York Times Dealbook piece calling on the C-suite to talk out against ICE.

A few, like Apple’s Tim Cook and Sam Altman of OpenAI, have gone there, telling their staff that the crackdown is too excessive. Many more, Dimon included, I’m told by their handlers, are largely sitting this out because they know what’s taking place in Minneapolis isn’t a MLK-like peaceable protest. 

People have tragically died while Trump has lived as much as his campaign promise on immigration so the temptation to talk out is apparent. A drawn portrait of Alex Pretti, above. WILL OLIVER/EPA/Shutterstock

They’ve also discovered from experience, the last time they took the bait from progressive motion and joined the fight against fake injustice occurred again in 2020 in the aftermath of George Floyd. Floyd’s demise was tragic, however he was no saint, even if the CEO class handled him as one while likening America of 2020 to Mississippi of the early Sixties. 

What adopted next was not just advantage signaling, however pointless and counterproductive modifications of corporate coverage: Loans directed to people based on race, sensitivity periods that includes left-wing radicals preaching cultural Marxism, and harmful and unlawful hiring insurance policies often called DEI.

America’s CEO class has been busy correcting this overreach ever since, dismantling DEI insurance policies and remaining largely apolitical in terms of the Trump agenda, and his MAGA leanings.

What’s occurring in Minneapolis is a test, after all, for additional CEO frequent sense. These guys and a few gals carry a variety of weight in any public debate or apparent causes. People have tragically died while Trump has lived as much as his campaign promise on immigration so the temptation to talk out is apparent, significantly while you read that Alex Pretti, an ICU nurse, was killed for merely protesting ICE brokers arresting grandmothers who overstayed their visas.

But the information – the ones that Dimon worries are being shaded by a liberal press corps – present a more difficult account of the matter and Pretti’s involvement in a violent, organized assault on federal brokers who aren’t specializing in grandmothers, however rapists and murderers that Biden let in by way of our entrance door.

It’s an organized resistance effort funded by God is aware of what leftist group; it’s being stoked by some of the most reckless politicians in the nation, all with their very own appreciable baggage. People like Minnesota Gov. Tim Walz, who likened ICE to the Nazis for ridding his streets of people breaking the legislation.

Yes Trump and ICE can do better, as Dimon rightfully pointed out, however also as he instructed, so may the media in unpacking this difficult and tragic story.

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