Thursday, August 23, 2018

Trump predicts market crash, widespread poverty if he's impeached



trump response santa fe shooting
"I don’t know how you can impeach somebody who’s done a great job," said Trump.
Alex Wong/Getty Images


President Donald Trump responded to growing whispers of his possible impeachment if the 2018 midterm elections see control of Congress returned to the Democrats by predicting a market crash.

Asked on Fox News by Ainsley Earhardt if he thinks Democrats would try to impeach him if they won back power in the legislature, Trump was incredulous.

"I guess it says something like high crimes and all," said Trump referring to Article II, Section 4, of the US constitution which states that the president "shall be removed from Office on Impeachment for, and conviction of, Treason, Bribery, or other High Crimes and Misdemeanors."

"I don't know how you can impeach somebody who's done a great job," said Trump.

But Trump recently found himself implicated in federal crimes by his former lawyer Michael Cohen, who entered a plea saying Trump directed him to commit illegal campaign finance activity.

"If I ever got impeached, I think the market would crash. I think everybody would be very poor. Because without this thinking [points to head] you would see, you would see numbers that you wouldn't believe in reverse."

Trump then touted his achievements in office, which he said includes jacking up US GDP growth to 4.1% in the most recent quarter. Trump said his relaxation of regulations and new tax policy had added trillions of dollars and thousands of jobs to the economy.

"Had Hillary and the Democrats gotten in, had she been president, you would have had negative growth," said Trump.

Economists argue that Trump has enjoyed an economic upswing that started after the financial collapse of 2008, while other business and economic experts have argued his policies have succeeded.

But while Trump touted his rollback of regulations, he's taken on a multi-fronted trade war with the US's biggest trading partners which impose tariffs, a form of regulation on billions of dollars worth of goods. In return, the US's trading partners, notably China, have hit the US back with tariffs of their own.

Trump's approval ratings have hovered around the low forties for the past six months. Recent polling suggests Democrats have a narrow lead and can potentially take back the House, at which point, even former Trump adviser Steve Bannon thinks the president could get booted.

"This now becomes more than ever a national election on the issue of impeachment," Bannon said of the midterms after Cohen's plea.




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