Send a Tweet
Most Popular Choices
Share on Facebook 55 Share on Twitter Printer Friendly Page More Sharing
OpEdNews Op Eds    H2'ed 7/21/19

Of course Donald Trump is a racist -- and his Wall Street enablers know it

Follow Me on Twitter     Message Robert Reich
Become a Fan
  (130 fans)

From The Guardian

Jamie Dimon and other big-earning CEOs are bankrolling the Republican assault on America. They must work to stop it

President Trump 'rankled' by criticism of 'racist' tweet
President Trump 'rankled' by criticism of 'racist' tweet
(Image by YouTube, Channel: Sky News Australia)
  Details   DMCA

It started with Donald Trump's racist tweets demanding that four Democratic congresswomen Alexandria Ocasio-Cortez, Rashida Tlaib, Ayanna Pressley and Ilhan Omar "go back" to the "crime-infested places from which they came."

The RNC is intentionally and mendaciously fueling the same racism Trump is fueling, for the same purpose: whipping up the base.

Who is funding this horse manure? Much of the money that's flowing into Republican coffers is coming from the same place it's always come from: Wall Street.

Last year, JP Morgan contributed $149,908 to the RNC.

JP Morgan's chairman and chief executive, Jamie Dimon, is no racist. A few months ago, in a speech to the Economic Club of Chicago, he said white people don't adequately understand racial discrimination.

"If you're white," he said, "paint yourself black and walk down the street one day, and you'll probably have a little more empathy for how some of these folks get treated. We need to make a special effort because this is a special problem."

Since Trump's inauguration, JP Morgan's stock is up nearly a third. Dimon earned $31m in 2018.

Asked recently how Trump was doing, Dimon gushed, "Regulatory stuff, good."

The summit with North Korea's Kim Jong-un? A "great idea."He also complimented the administration's "negotiating tactic" on China and called the relationship between big business and the White House "active and good."

Asked about Trump saying the Fed had "gone crazy," Dimon said he had "never seen a president who wanted interest rates to go up."

Wall Street and the CEOs of major corporations have made a hellish deal -- ignore Trump's repugnance and provide ongoing support for the GOP regardless of its complicity in return for high returns. Perhaps they also believe that the flames of racism and xenophobia will distract the nation sufficiently for them to continue looting it.

Rate It | View Ratings

Robert Reich Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Robert Reich, former U.S. Secretary of Labor and Professor of Public Policy at the University of California at Berkeley, has a new film, "Inequality for All," to be released September 27. He blogs at

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEd News Newsletter
   (Opens new browser window)

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Trump Cornered

The Republican's Big Lies About Jobs (And Why Obama Must Repudiate Them)

Paul Ryan Still Doesn't Get It

What Mitt Romney Really Represents

What to Do About Disloyal Corporations

The Gas Wars

To View Comments or Join the Conversation:

Tell A Friend