Trump on Impeachment: 'Markets Would Crash' and 'Everybody Would Be Very Poor'

[highplainsdem]

Source: Mediaite

The midterm elections are roughly 11 weeks away, and the issue of impeaching President Donald Trump has become a talking point, especially on conservative-friendly media outlets. The GOP appears to be thinking that if they can successfully make the midterms a referendum on impeachment, they can do better, though the vast majority of Democrats have tamped down impeachment talk instead claiming that the Mueller investigation should first run its course.

This became a topic of conversation in Fox News exclusive with Ainsley Earhardt, who asked the President if he believes the Democrats will try to impeach him. His elliptical reply can best be summed up with “I don’t know how you can impeach somebody who has done a great job. ” He added that if he ever got impeached “I think the market would crash. I think everybody would be very poor because without this thinking, you would see — you would see numbers that you wouldn’t believe.”

He then mentioned Hillary Clinton, regulation, tax cuts and how poorly the economy would be had the “Democrats gotten in.”

-snip-

Read more: https://www.mediaite.com/tv/trump-on-impeachment-markets-would-crash-and-everybody-would-be-very-poor/

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Video at the link.


This is Trump's version of "Apres moi, le deluge."

[BumRushDaShow]

1. This must mean they know it's looking bad and getting bad

so they have to get out in front of it.

[Vinca]

2. The sky will darken and the earth will open. Molten lava will engulf us all as Dear Leader

is sucked into the bowels of Hell. Banks will crumble, yachts will sink, Melania's $1400 gardening shirt will become infested with moths. It will the be the biggest and best end times ever to have . . . ah, ended . . . because Don does things bigger and better than anyone else who has ever trod the earth. (Coming to a right wing web site near you.)

[Jedi Guy]

17. Don't forget...

Human sacrifice, dogs and cats living together... Mass hysteria!

[ChiTownDenny]

29. + 1

HA!

[Bengus81]

3. Trump is scared to death.........

[Lonestarblue]

4. Another example of Trump's delusion.

Either he’s just lying for effect or he has deluded himself into believing that he alone is responsible for growth in the stock market—totally ignoring the healthy economy he inherited from Obama. The stock market will not crash because he’s gone—it might even be better because the tariff wars and trade policy are causing instability. Trump lies from habit and instinct, but I think he is also becoming more delusional.

[Bernardo de La Paz]

12. The market would crash, but the economy would end up stronger. Stock markets recover.

Stock markets don't care about the economy anywhere near as much as they do about profits. If tRump's tax giveaway is imperiled they won't like it. But stopping the trade war and restoring trade will help the economy. So ordinary people outside of the 1% or 2% could see noticeable benefits (wages, costs, and employment).

[PatSeg]

15. Exactly

The stock market and the economy are different things and a robust stock market does not necessarily affect the vast majority of people. If Trump was to be allowed to continue on the path he's on with tax cuts for the rich, trade wars, and tariffs there would eventually be a crash that would affect the economy world wide as well.

What is healthy about the economy right now is largely in spite of Trump, not because of him.

[Racerdog1]

5. Liar is a compliment to this asshole

Anyone who supports this fuck tard is just as bad.

[underpants]

6. I laughed out loud....then I watched it

1. Donald, we aren't your children and we aren't inside your bubble. We made it without you and we will when your miserable ass is gone.
2. He actually touched his temple when he said "this thinking"
3. When he says "China" I swear I thought he was talking about someone named "Janet". Who the hell is Janet?

[Maeve]

7. the economy was doing just fine before you

Realize that talks of the longest bull market means it started more than your year and a half reign began....oh, why even bother? That level of stupid isn't fixable!

[highplainsdem]

8. Sputnik just picked this up: BREAKING. Trump Promises Market Crash in Case of His Impeachment

"Promises"...


https://sputniknews.com/us/201808231067412837-trump-market-crash-impeachment/

[LakeSuperiorView]

9. Pretty much a foregone conclusion that Trump will crash Obama's Bull Market.

I know dipshit would say "No conclusion, no conclusion", but it's almost inevitable. The record long bull market just was set and so far, the orange anus has somehow managed to claim credit for it. It started in March 2009. so all he can truthfully claim is avoiding immediately driving into a bridge abutment.

[Hortensis]

10. Lol. Supposedly winning Republican candidates learn to talk to

voters at a 4th grade level. I'm guessing Trump's secret to success is not exceeding 2nd grade.

"Everyone would be very poor." Not just very dumb, but very poor style compared to apres moi,....

Wonder what Trump would wear to meet Louis.

[SWBTATTReg]

11. We'll find out soon, eh? Go ahead, keep mouthing off ...

You're a liar, a cheat, ugly as hell, and a traitor...and certainly not one to brag, eh?

[tanyev]

13. Stupid or ignorant? I can never decide.

[ProfessorGAC]

16. Yes?

Not sure there is a need to choose, tanyev. Stupid but unwilling to learn more is both, yes?

[C_U_L8R]

14. He's starting to consider the real possibility

Even though he runs straight to fantastical thinking and childish threats. This is how a guilty person behaves.

[MaryMagdaline]

18. The abusive spouse/parent

"You can't make it without me." (And I'll burn down the house to prove it to you)

[Nitram]

19. "everybody would be very poor"

No, Donald, that would be the result of your stupid "policies" on trade, taxes, health care, and the economy.

[randr]

20. The huuugggessttt parade ever is what would happen

[sinkingfeeling]

21. OMG, how arrogant to you have to be to think the country will

disintegrate if he wasn't in the Oval Office? I think there's a song for him...

"Why does the sun go on shining? 
Why does the sea rush to shore? 
Don't they know it's the end of the world 
'Cause you don't love me anymore?…"

[strangedaysindeed]

22. I love how he thinks

he's Atlas, with the whole world on his shoulders.

[Mc Mike]

23. The US just can't get along without him. He's a key player.

Leadership like his doesn't just grow on trees.

He knows he's fucking up the economy and crashing the economy. He hopes to blame the Dems for his suckiness, and use that lying blame as a shield to stave off punishment for his many many crimes.

[truthisfreedom]

24. We are still operating on Obama's momentum.

[YOHABLO]

33. I agree. It's taken this long for the country to recover from 2008

[uponit7771]

25. In other words nice economy you got there, be sad that something happens to it

[beachbum bob]

26. The real shit happens when Trump advocates his followers use violence, that will be happening as the

noose closes in.

The gOP will be effectively destroyed when this happens

[bigbrother05]

27. No, just everybody YOU know will be poor from legal costs, forfeitures, and fines

It would stop the bleeding for most of the rest of us.

[duforsure]

28. Makes me wonder

If trumps allowing putin and others around the world to help falsely prop up some of our financial institutions that they can use against us if needed. The world would be a lot better off if he were gone, period .

[The Velveteen Ocelot]

30. The market will react to any unusual occurrence because investors don't like uncertainty,

but the extent and duration depends on the conditions at the time.

Constitutional crises are never good for the stock market. During the Watergate scandal, when Cox was fired and then-Attorney General Elliot Richardson resigned in protest — the S&P 500 fell 14% from October 1st through November.

But investors shouldn’t jump to conclusions. Nixon’s so-called Saturday Night Massacre took place while Wall Street was already mired in one of the worst bear markets in history. From January 1973 through August 1974 — a period that includes the conviction of the Watergate burglars, Nixon’s resignation, global oil shock, Middle East turmoil, and a dramatic spike in inflation — stocks lost 42% of their value.

http://time.com/money/4783032/nixon-watergate-stocks-trump-comey/

The Clinton impeachment, however, did not have that effect:

The S&P 500 climbed slightly from July 1 to July 17 of 1998, but from there until the release of the Starr report on September 9, it fell by 19.4%, according to data from CFRA Research. After that, however, it rallied, recovering the entire decline by November 28, 1998, while impeachment proceedings were still underway but a month before a conclusion was reached.

"The Starr Report didn't have anything new that people weren't aware of already, so the market felt comfortable to move up again," said Seth Kaplowitz, a San Diego-based attorney and finance lecturer.

https://www.thestreet.com/story/14140200/1/when-clinton-was-impeached-markets-gained-with-trump-it-might-be-different.html

The experts don't seem to be particularly concerned. https://www.marketwatch.com/story/heres-why-the-stock-market-remains-immune-to-trumps-legal-woes-2018-08-22

[dalton99a]

31. Fuck Donald Trump and his traitor party

[NCjack]

32. Bullshit. However, it is better to be poor temporarily than

to live under decades of GOP fascism.

[pazzyanne]

34. No, Donny.

The only people that would be poorer are you and the 1% that you cater to in everything you do.
Besides, you don't have to worry because all your needs will be taken care of for you: clothes (orange jumpsuits), lodging, food, exercise, work requirements, etc. It's great, everybody knows it, I guarantee it!

[YOHABLO]

35. How about: I'M ALREADY POOR !!

[Bayard]

36. I know I couldn't go on.....

Neither could comedians, talk show hosts, newscasters, and the super wealthy.

[marble falls]

37. Tell cheetolini, we'll take our chances without him, thankyou very much.

[The Liberal Lion]

38. The trump MO is to steal the money,

ruin the project (see Atlantic City), create devastation, and then leave someone else holding the bag. This situation will be no different. This orange anus is neither an honorable person nor a person who respects the rule of law. This orange shitbag of a human will not go quietly into the night. If he's going down he's going to try and take us all down with him. It will take a mighty resolve for our country to survive the ending of this nightmare. I'm not sure we have it. One thing is for sure trump and the republicans must go. Whatever the consequences of that is we must have the courage and be ready to deal with it.

[MrsCoffee]

39. Yeah, well we know who he thinks "everybody" is. Him and his family. End of. Womp womp.

[elleng]

40. Oh right!

S.&P. 500
-0.20%
Dow
-0.42%
Nasdaq
-0.20%

[Oneironaut]

41. I get the feeling Trump will try to scorch the earth as much as possible during his impeachment.

That includes possibly getting people killed.

At a bare minimum, I believe he will issue a “call to arms” to his followers. I wouldn’t put that below him.

[Solly Mack]

42. Pathetic

Sounds like the abusive spouse telling the other spouse that you'll be nothing without me.

[Gothmog]

43. This is a crock of crap

Link to tweet