JP Morgan CEO Jamie Dimon, who was a vocal opponent of President Trump’s decision to void the Paris climate deal, is being targeted by Justice Democrats for daring to say that the intelligent way to fight climate change and not crater the U.S. economy is through taxing CO2 or some similar mechanism and not with the Green New Deal. Dimon said in an interview with CNN:
“Can you focus on climate change in an intelligent way that doesn’t damage the economy? Yes you can. It’s called CO2 emissions taxes or trading, there are a couple ways to do it. So you better do it wisely cause you could hurt the economy which hurts everybody.”
So now even their climate-change allies aren’t good enough:
Jamie Dimon, CEO of JP Morgan, suggests @AOC and @SenMarkey's Green New Deal isn't 'intelligent' and then struggles to propose anything near the scale of what the climate crisis requires. pic.twitter.com/9m9lApRjyw
— Justice Democrats (@justicedems) March 19, 2019
AOC quickly fired back, saying JP Morgan can’t be trusted because they finane pipelines and because they cut a deal to with the Obama Justice Department:
JP Morgan agreed to pay out *$13 billion* over its massive role in mortgage schemes w the ‘08 recession.
They also finance major fossil fuel pipelines. It’s big money?
So maybe they *aren’t* the best authority on prioritizing economic wellbeing of everyday people & the planet. https://t.co/oLSvrIxPsZ
— Alexandria Ocasio-Cortez (@AOC) March 20, 2019
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But then a few minutes later, AOC herself admitted that the Green New Deal is just an unbinding resolution:
Meanwhile as folks wring their hands over a nonbinding #GreenNewDeal, I spent this AM touring LaGuardia airport + discussing:
– Securing solar panels on every roof
– Living wage jobs
– Electric shuttle fleets
– Building for rising sea levels coming in
– Centering community issues pic.twitter.com/GriEO7ew9U— Alexandria Ocasio-Cortez (@AOC) March 20, 2019
So here’s the CEO of one of America’s biggest banks AGREEING WITH HER and other Dems on climate change and he’s actually proposing a concrete step that Congress can vote on, and he’s targeted because he won’t blindly support the “nonbinding” resolution? They’re insane. They really, really are.
Maybe she’s still mad at JP Morgan Asset Management for saying the GND was technologically impossible and, at best, a slogan?
"Green New Deal goals are not in the realm of the possible, that they do not appear grounded in existing scholarship on energy de-carbonization"
Not exactly a ringing endorsement.
The Green New Deal looks like a boat anchor on 2020 candidates going forward
— Ryan Maue (@RyanMaue) March 19, 2019
The Green New Deal:
at best a "slogan to galvanize support for change"
at worst "it's a sign of how little work its proponents have done"
and "not a useful foundation for serious policy discussion"J.P. Morgan Asset Management (https://t.co/CmLwT8y4WW)
h/t @RogerPielkeJr pic.twitter.com/lIejL4McmH— Ryan Maue (@RyanMaue) March 19, 2019
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Related:
AOC slaps back at Green New Deal critics with SpongeBob photo, gets REALITY CHECKED by JP Morgan Asset Management https://t.co/dooe5SZhh0
— Twitchy Team (@TwitchyTeam) March 20, 2019
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