JP Morgan, Dow Chemical Heads Praise Trump’s Pro Business Strategy: ‘He’s Woken Up the Animal Spirits’

In a Bloomberg interview today, JP Morgan’s Jamie Dimon praised President Trump and his cabinet of consummate professionals for bringing a pro growth strategy to Washington.

Dimon, who was an avid supporter of Obama, never really got along with Hillary — mainly since he knew she’d love to destroy the country if given the chance.

Although he wasn’t a supporter of Trump during the campaign, he’s been a appointed as chairman of the business round table of nearly 200 executives.

“It seems like he’s woken up the animal spirits,” Dimon, chairman and chief executive officer of JPMorgan Chase & Co., said Thursday in a Bloomberg Television interview in Paris. Confidence has “skyrocketed because it’s a growth agenda,” Dimon said, adding that he’s not overly concerned about the possibility of a correction in equities markets, which have surged since the November election.

Dimon, 60, has been a vocal supporter of Trump’s business agenda, saying last month that the U.S. has a bright future if the president overhauls taxes, regulations and infrastructure investment. Since Trump’s victory, Dimon was named chairman of the Business Roundtable of almost 200 CEOs and joined Trump’s policy forum aimed at boosting job growth. Shares of U.S. banks have climbed on speculation that higher economic growth and interest rates will boost results.

“If he gets it done, even part of it, it will be good for growth, good for jobs, good for Americans,” Dimon said. “I’m really confident he will get that done.”

“If you look at the policy, forget the tweets, look at the people on the ground, they’re top professionals,” Dimon said. “Serious people, with deep knowledge and deep experience — and their mission is to have a growth agenda. And that agenda is reducing corporate taxes; starting to build infrastructure, which we desperately need; reducing some of the regulatory regime, which has probably held back growth.”

Seperately, Dow Chemical’s Andrew Liveris described his relationship with President Trump — saying that he ‘managed in 45 days to move the ball on regulations more than in the previous 8 years.’

He praised the specificty of talking business with Trump, suggesting that the previous administration we’re nothing more than community organizing retards.

“I will tell you this, every time we’ve had a discussion that is generic, he goes into the specifics. He goes to, ‘Well, in my business, I saw this. Does that relate to you?'” Liveris told CNBC’s “Power Lunch” during CERAWeek in Houston on Thursday.

“And obviously his type of business is different than my type of business, but the rules of business are the rules of business, and he speaks business language in our meetings and in our interactions,” the Dow Chemical CEO said.

Liveris was one of 24 manufacturing CEOs who met with Trump last month to discuss deregulation, tax reform, trade, infrastructure and job training. Trump and his team has “managed to move the ball in 45 days on regulatory reform more than in the previous eight years,” Liveris said.

“We complain about financial regulation and all the other things, but in the manufacturing sector, we’re carrying, per employee, double the cost of regulations. So that means there’s too many regulations,” Liveris said.

Now you know why the market loves Trump. If only the shills in Congress would act on some of the President’s requests, we could get a truly great market run going.