President Joe Biden may have been recently bragging about inflation cooling down, but a number of high-profile bankers and renowned economists are hardly impressed.
One such banker includes JP Morgan CEO Jamie Dimon, who has previously criticized the White House’s obsession with forcing companies to follow various woke ESG initiatives, however impractical they may be.
More recently, Dimon was also not very impressed by the White House gloating over “Bidenomics,” in particular its rejection of the “trickle down” economic policies that greatly empowered Americans from the Ronald Reagan era.
Not surprising, considering that The Hill recently blasted Biden’s policies as “disastrous.”
According to Dimon, the White House should not be so quick to undermine job creators in favor of rather obvious equity initiatives.
“I’d be careful about that … There shouldn’t be social policy around that. It shouldn’t be political it should be purely economic,” Dimon insisted.
In other words, the White House shouldn’t muddle impractical woke initiatives with very real economic realities.
Another renowned economist, Dr. Arthur Laffer, was even more blunt about Biden’s grasp, or non-grasp, of economic realities in remarks to Fox News.
“Joe Biden needs to rely on basic common sense, and he knows it very well. Lower tax rates, broaden the tax base, sound money, minimal regulations, free trade, spending restraint, and then get the hell out of the way and let the economy solve itself,” Laffer drawled.
Love it. “Biden needs to rely on basic common sense.”
What a compelling trait for a modern-day American president, though it is clear that the current fearless leader is a tad devoid of common sense, not to mention devoid of genuine concern for the nation.
Laffer also skewered the notion that individuals should have to rely upon the government to make their own decisions, especially in terms of money and public health.
“People are much better judges of what’s good for them than the government is,” Laffer declared.
Indeed, they are.
“I’m 80… I’m very careful. I don’t need the government telling me what to do, to be honest … You don’t need masks on 6-year-olds in school. Please. They are not at risk with COVID-19. I am, and I sometimes wear a mask when I go out in public, but that was my choice. I could show up in my office or not show up in my office, that’s my choice. I know how to take care of me really well. Joe Biden doesn’t. I know better than he does what’s good for me and for my family,” Laffer continued.
Amen!
Especially as the vast majority of Biden policies are hardly in alignment with the real needs of most Americans.
Unsurprisingly, Laffer is hardly going to endorse Biden in the 2024 presidential election, but he certainly sees favorable elements in former President Donald Trump, Florida Governor Ron DeSantis, and South Carolina Senator Tim Scott.
“I love Ron DeSantis… I’m a fellow Yalie … in fact he and I were in the same secret society. He’s a great guy, he’s done a terrific job in Florida. What’s not to love about Ron DeSantis? … Tim Scott, what a phenomenal guy. He’s the best ever. We are so blessed with so many great candidates,” Laffer continued.
Seriously! On the other hand, the Democrats present … Biden.
And while a couple of Democrats are making a show of running against Biden, none have reached a truly competitive level as they have in the GOP race.
Seems Biden is being forced down Dems’ throats, while Republicans have more of an actual competition.
Little wonder, considering conservatives prize performance more than the woke.
Despite his support for DeSantis and Scott, Laffer clearly likes Trump the most of all, based upon his past record.
“Frankly, the one I really am very much impressed with is Donald Trump because he did it in his first term in office. He was spectacular on economics, I mean it, and if he’s on the ballot I don’t see how I can’t vote for him. He’s just a proven winner on economics, and I’m all economics,” Laffer proclaimed.
With any luck, it will be “all economics,” not to mention national security and geopolitical stability, in 2024.
Author: Jane Jones
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