U.S. executives in Davos see a Trump victory in
2024, and no cause for concern
One prominent U.S. business executive, who asked not to be named because his discussions with foreign leaders were private, said some of the fear may be due to a lack of understanding of the checks and balances built into the U.S. government.
“I’m not sure Europeans
understand how weak executive orders are,” that person said. “We have a
justice system. Congress will probably be divided. It’s right to be
cautious, but it won’t be the end of the world.” 😂
Another U.S. bank CEO privately expressed annoyance with media exaggeration of the threat of a Trump presidency, stressing he’s “all bark and no bite.” 😁The bank chief also dismissed Trump’s refusal to accept the results of the 2020 election as bloviation.
“He’s going to win the presidency,” the CEO predicted. “Many of his policies were right.”
While JPMorgan Chase CEO Jamie Dimon:
“Just take a step back, and be honest. He was kind of right about NATO. He was kind of right about immigration, he grew the economy quite well. Trade. Tax reform worked. He was right about some of China,” said Dimon. “I don’t like how he said things about Mexico, but he wasn’t wrong about some of these critical issues. And that’s why they’re voting for him.”
...he hopes “the country survives”...even as some fear American democracy would be threatened by his return.
...
Ben Smith, co-founder of business news outlet Semafor, told CNBC on Thursday he’s heard from many at Davos that Trump is likely to win — but given the poor track record of Davos predictions in years past, that may actually be an indicator for Biden.
Smith and several other Davos attendees noted that predictions made at the World Economic Forum have historically turned out false, including past comments about recession outlooks and the likelihood of Trump winning the presidency in 2016.
“This year it is an absolute item of faith that Donald Trump will be elected president of the United States, which I think is great news for Joe Biden,” Smith said.
