Jamie Dimon is the CEO of JPMorgan Chase.
The man knows economics. He knows what works in the world of finance, and he knows what doesn't.
Recently, he's identified something that is most definitely NOT going to work:
Joe Biden's university debt forgiveness plan.
The plan, which requires Americans who did not accumulate college debt to cover for those who had, will cost America dearly.
Obviously, there are tons of normal people who know this, but we don't have the type of credibility that Jamie Dimon does in the world of economics.
Dimon called the plan "badly done."
"I wish they had targeted the people who actually needed help," Dimon said. "They still haven’t fixed the underwriting and they haven’t fixed the cost of college."
That's because it wasn't meant to help people, Jamie.
It was meant to buy votes.
They didn't target the people who needed help.
Instead, Joe targeted the people whose vote he could sway most easily.
"We basically put a Band-Aid on, spent a lot of money and didn’t fix the problem," Dimon said.
You don't even need to be the CEO of a bank to know just how correct he is.
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