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Trump says market would 'crash' if he were impeached

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By Mandel Ngan

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Truly a Kennedy-esque speech that is sure to unite the nation and bring closure to this issue.

-26 ( +2 / -28 )

U.S. President Donald Trump said in an interview aired Thursday that the U.S. economy would collapse if he were impeached.

And his true believers say 'it is ordained'.

With Trump pushing measure to heat up an economy that's been hot for years - prior to elections, curiously - there's a high likelihood of serious corrections ahead.

19 ( +20 / -1 )

Trump says market would 'crash' if he were impeached

self delusion at it's finest... I suspect the opposite would happen actually....

20 ( +22 / -2 )

Trump says market would 'crash' if he were impeached

Prove it.

23 ( +25 / -2 )

Truly a Kennedy-esque speech that is sure to unite the nation and bring closure to this issue.

Sarcasm?

20 ( +20 / -0 )

The market might go down in the short term due to the political instability impeachment would signify. Pretty sure it would rebound though once the daily storm of instability that is Trump was removed from office. No more trade wars? No more destroying alliances? I doubt Pence would follow Trump’s precedent on these things, so the market would probably be happy.

19 ( +19 / -0 )

Trump is right, the market would take a dive because of the uncertainty, but since the economy is roaring and the shackle restraints of regulations were released, thanks to the President it would rest itself and since and impeachment does not mean removal from office since the GOP would not do that, the economy at its current trend would keep growing. So it would be just fine. Now if the Democrats take the House it might very well tank sharply.

-26 ( +1 / -27 )

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

Its good to see he’s as humble as ever, right ?

21 ( +21 / -0 )

"I will tell you what, if I ever got impeached..."

It sounds to me like he thinks it might actually happen.

19 ( +19 / -0 )

Truly a Kennedy-esque speech that is sure to unite the nation and bring closure to this issue.

I too read this as sarcasm, but know that you do not really do it much. As Bass would say "ROFL". But in this case you read the imbicilic comments from Trump and thought "what the hell - let's say something outrageous." It is probably the end of your shift and the next user of your name can take over and argue the case.

I think everybody would be very poor, because without this thinking, you would see -- you would see numbers that you wouldn't believe in reverse,

Poetry, pure poetry

14 ( +14 / -0 )

I think everybody would be very poor

Compared to only 43 million people now...?

https://poverty.ucdavis.edu/faq/what-current-poverty-rate-united-states

I guess that means that if Trump is impeached, all the money in America would suddenly disappear !

17 ( +17 / -0 )

He's pretty good with these predictions. He predicted if we voted for Hillary we'd have endless investigations of the white house and the biggest scandal since Watergate. Most of us voted for Hillary, and by golly we have the biggest scandal since Watergate.

Given that we're now officially in the longest bull run in history, predicting a stock market crash is a pretty easy call.

If it's accompanied by the impeachment of Trump, at least there will be an immediate silver lining.

21 ( +21 / -0 )

This is BY FAR the best season of 'The Apprentice'!

It knows it might happen because the walls are closing. When bad news is about to come out in the press, we get the idiotic statements about South Africa. Here is something:

AP: National Enquirer hid damaging Trump stories in a safe

https://www.yahoo.com/news/reports-immunity-tabloid-ceo-trump-hush-money-probe-183131025.html

They got immunity from Mueller. Mr. Mueller needs to make an immunity hotline with all these "RATS" coming out of the woodworks. LOL!

15 ( +15 / -0 )

Trump will crash the economy without impeachment...

15 ( +16 / -1 )

Trump will crash the economy without impeachment...

Funny, none of the markets and the economy are showing any remote signs or indications of that. Keep trying. Now if Democrats get into office, investors will start running to the hills and running for their lives.

-20 ( +2 / -22 )

LOL! He also said "flipping" should be a crime in that same interview.

Trump says "flipping" like Michael Cohen should be "illegal," tears into Jeff Sessions

https://www.cbsnews.com/news/trump-says-flipping-like-michael-cohen-should-be-illegal-tears-into-jeff-sessions/

12 ( +13 / -1 )

@bass be patient give it 6 months and Trump will have screwed it up by then...he got handed a booming economy thanks to Obama....I forgot what party he was from...can you remind us..

16 ( +16 / -0 )

Delusional or threatening statement? Hard to tell with the gangster-in-chief. I did like the part of the interview where he said that flipping should be almost outlawed.

Why not just dump the whole legal profession to fit in with your list of crimes, Donald?

10 ( +10 / -0 )

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

Let's follow this argument through.

Trump gets a gun, executes Pence and Melania on live TV. When they try to impeach him, he says 'but I'm doing a good job - how can you impeach me?'

Something tells me that won't work.

Or if it did, it would be the start of a civil war.

8 ( +9 / -1 )

Funny, none of the markets and the economy are showing any remote signs or indications of that.

Just like in 2008!

11 ( +11 / -0 )

Although teflon Trump survived a string of "Pussygates" in the public eye (but certainly not in Melania's), he's unlikely to survive "Peckergate" that is now looming on the horizon. How ironic and yet fitting that his false "friend" Pecker will probably be the final straw leading to his impeachment.

8 ( +8 / -0 )

Just like in 2008!

Exactly. The thing here - Trump is scared. A lot of experts are saying the crash is coming as soon as next year but if not then at least 2020. If it's already coming then it has zero to do with Trump being impeached. He's simply saying it to protect himself by putting it into the mind of his sheep. If Trump isn't impeached, and the crash still happens... will they wake up?

8 ( +10 / -2 )

If Trump isn't impeached, and the crash still happens... will they wake up?..I doubt it just look at his loon base on here....

10 ( +10 / -0 )

Whether he's impeached or not, don't forget that the people who put him into office and who put Bush into office TWICE were the American people.

I don't hold out much hope for anyone who comes after Trump.

3 ( +3 / -0 )

A small price to pay.

5 ( +5 / -0 )

Truly a Kennedy-esque speech that is sure to unite the nation and bring closure to this issue.

Had to give you a thumbs-up for that, BB. So beautifully ironic. "Ask not what you can do for your country - ask what you can do for me."

11 ( +11 / -0 )

The markets wouldn't crash.

The markets went up under Trump because he wasn't Hillary, and because it was believed that the government would cut taxes, which they did.

So Trump being impeached in itself wouldn't change anything.

What happens after that might, but if tax rates and regulations aren't increased, there is no reason to think that business and the economy would suddenly do worse.

-5 ( +0 / -5 )

we're now officially in the longest bull run in history, predicting a stock market crash is a pretty easy call.

There are crashes, but there are also garden variety corrections and bear markets.

What one admires about the US economy is that even though it does have the odd crash, it has always been followed up (sooner or later) by all-time highs.

-4 ( +1 / -5 )

Trump says market would 'crash' if he were impeached

It would still be worth it, just to get rid of him.

9 ( +10 / -1 )

...but if tax rates and regulations aren't increased...

Right. Trump will be the first president to preside over a $1 trillion dollar deficit - and during economic expansion! Heck, why not go for more? (Trump has plans which would result in such.)

Every Repub president in modern times (except for GHWB, which is why he was limited to one term) has thrown fiscal sanity to the winds, and when that all comes crashing down, it's up to the Dems to fix things.

It's perverse, the way that Repubs have the reputation of the party of good times and Dems that of bad times. But somebody has to be the adult in the room, and what the GOP is discovering is that they're running out of adults.

7 ( +8 / -1 )

At least Trump knows he's going to be impeached eventually. The market may well crash, too, but only because of him being in office -- not because of him leaving it.

9 ( +9 / -0 )

It took Bush 8 years to destroy the economy - can Trump do it in less?

7 ( +8 / -1 )

Of course the economy looks great for those who are already wealthy. Of course the economy looks great for the oligarchy in the US! Things suck for those of us in the 99.9% of the US citizenry.

When I heard the wealthiest were going to get an extra $40,000 (which too many other folks can't even make 1/4 of that as yearly income) added to their already fantastic millions and in some cases close to billions of USD they already get (after taxes mind you...). That's ridiculous.

The economy will not crash if he's impeached, it may crash because of him doing the exact same stupid pattern that causes a crash in the first place!!!! Cut taxes (deficit goes UP because government isn't making enough money), cut back federal support systems (so when the economy does tank again the 99.9% of Americans will suffer in the extreme because there will be no federal/state support to help them get back on their feet. Role back regulations on loans and debt so people end up spending more debt than they can ever pay back in their lifetime, file for bankruptcy and that also helps create another economic crash. Just because money is loaned out, doesn't mean it will ever be totally recovered (with interest too).

I love how Trump always gives himself high ratings. It shows what an out of touch narcissist he's always been. But Cult 45's don't care until it directly affects them so that they can't ignore it.

I wanted to say more, and fix what I've wrote, but I'm too tired right now to care. So meh.

9 ( +9 / -0 )

Obi-wan Kenobi? Trump is not. He's more like Darth Vader.

Trump's just lucky he didn't take over the economy when it tanked in 2008.

4 ( +5 / -1 )

"I don't know how you can impeach somebody who has done a great job,"

The Adulterer in Chief just doesn't get it. No how "great" you are (or think you are): if you have committed a crime you have to be punished. Still, I don't expect him to be impeached any time soon.

7 ( +7 / -0 )

"I will tell you what, if I ever got impeached..."

It sounds to me like he thinks it might actually happen.

He can obviously see the writing on the wall - maybe he's not as stupid as everything he's done and said

to-date would have us believe.

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

Its good to see he’s as humble as ever, right ?

What do you expect from someone whose favourite song is this?

https://www.youtube.com/watch?v=QCsNunGnqE0

6 ( +6 / -0 )

Trump's just lucky he didn't take over the economy when it tanked in 2008.

Wrong, AMERICA is lucky that Trump wasn't POTUS in 2008

8 ( +8 / -0 )

It took Bush 8 years to destroy the economy - can Trump do it in less?

DO YOU REALLY WANT TO FIND OUT??????

6 ( +6 / -0 )

At least Trump knows he's going to be impeached eventually. The market may well crash, too, but only because of him being in office -- not because of him leaving it.

The market may well experience a minor correction, but only because the stock traders will be too busy celebrating Trump's demise to process transactions.

6 ( +6 / -0 )

Take away the lies, and there's nothing left...

5 ( +5 / -0 )

stormcrowToday 11:50 am JST

Obi-wan Kenobi? Trump is not. He's more like Darth Vader.

I doubt if Darth Vader would have made such an iconic screen villain if he'd sounded or acted at all like Donald Trump.

6 ( +6 / -0 )

@Simon Foston

Yeah, I was thinking about that. You're right. Darth Vader's character is far more intelligent than Trump could ever hope to be, so another character, hmm.

Any suggestions? I'm thinking more along the lines now of the Wiley Coyote. The Wiley Coyote always screws up, but at the same time he's a little too cute for Trump. Trump isn't cute by a long shot. That's a toughie.

6 ( +6 / -0 )

Hubris, thy name is Trump.

7 ( +7 / -0 )

Even his normally Fox News supplicants are turning against him - Neil Cavuto just torched Trump for saying the market will tank if he's impeached...

https://www.huffingtonpost.com/entry/fox-news-neil-cavuto-donald-trump-problem-you_us_5b7f4998e4b0cd327dfb3b7e

6 ( +6 / -0 )

Meanwhile, the worries continue for the doomed PotUS.

Looks like his Pecker has got him in trouble.

https://www.nytimes.com/2018/08/23/us/politics/david-pecker-immunity-trump.html

7 ( +7 / -0 )

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

You haven't done a great job.

Whether you had or hadn't done a great job It would be irrelevant to any impeachment question anyway.

Why have you rubbed light tan shoe polish all over your face?
7 ( +7 / -0 )

It's perverse, the way that Repubs have the reputation of the party of good times and Dems that of bad times. 

As an overseas observer, I'd have a say you are kidding yourself. 

The US debt (a product of the long-term imbalance between (1) tax revenues and (2) spending) has doubled over the last decade. That extra 10 trillion dollars of debt ain't all down to republicans prefering a lower tax burden on the economy.

It's like the insane Japanese government collecting 60 trillion yen of tax revenues, but spending 100 trillion every year. Hullo?

The good news is that the US economy is growing, and the extra GDP over time will produce higher tax revenues as a result.

The bad news is that'll all be for nothing because spending won't be kept in check (by either party). Republicans will blame Democrats for spending too much, and Democrats will blame Republicans for not imposing a high enough tax burden on the economy - demonstrating that neither side has a clue.

-7 ( +0 / -7 )

The good news is that the US economy is growing, and the extra GDP over time will produce higher tax revenues as a result.

No, The the extra GDP over time will not produce higher tax revenues as a result of higher GDP due to the smaller tax base. That is precisely why the debt is soaring. And you've fallen into the correlation equals causation trap - Clinton raised taxes, which all supply-siders screamed would cause a recession, but the Clinton boom both equaled the Trump boom and left several years of budget surpluses. That is, it's quite possible that the economy would be doing as well as it is now even without the cuts to the wealthy and corporations (because that's where the vast majority of them went).

4 ( +4 / -0 )

the extra GDP over time will not produce higher tax revenues as a result of higher GDP due to the smaller tax base.

In the first year after a tax-cut, yes tax revenues are down, as the tax burden has been reduced.

But the extra growth in GDP over time means a larger economy than would be the case, which produces more revenues, even with the same level of tax burden. 

All else equal, a larger economy produces more tax revenues - at least that much is a simple observation.

People may wish to argue about whether tax-paying entities getting to keep more of their own money is good for the economy (I believe it is), but the first point is just math.

That is precisely why the debt is soaring. 

Again, I would emphasize that such a view looks only at the immediate short-term effects of a reduction in the tax burden, which is essentially to ignore the reasons for having a lower tax burden in the first place.

Clinton raised taxes, which all supply-siders screamed would cause a recession, but the Clinton boom both equaled the Trump boom and left several years of budget surpluses. 

I gather he raised income taxes in 1993, suffered election losses in 1994, and later cut capital gains taxes from 28% to 20%. I doubt the supply-siders were screaming about that latter move. The results at the end of his term were impressive, but I don't believe that the key to success was the 1993 tax hikes. And budget surpluses don't happen just because of tax revenues, they happen when revenues exceed expenditures.

That was a sadly rare occurrence, and my best guess is that the extra tax revenues gained over time in the US will be blown away by further increases in spending, rather than held steady until tax revenues catch up....

-5 ( +0 / -5 )

But the extra growth in GDP over time means a larger economy than would be the case, which produces more revenues, even with the same level of tax burden. 

fxgai, that is what every president since Reagan has said (supply-side economics), and they have all been proven wrong. Look at the stats: Since 1980, deficits have risen under Republican presidents and fallen under Democrats (Obama is a special case as he had to deal with the Great Recession, but he had left Trump with both a booming economy and recovering balance sheet).

Taxes too high are bad. Spending too high is bad. But an inbalance is worse. So what is your suggestion? Entitlements must be left off the table. Such agencies as HUD are too small to matter. That leaves the military. I personally would like to cut that by about half, but I also come from a military town and know the economic pain it would cause.

So choose your poison, or go ahead and recognize that the GOP is the party of debt.

3 ( +4 / -1 )

I can't believe anyone is still trying to pretend that the Republicans care one whit about fiscal responsibility.

3 ( +4 / -1 )

All I wanna know is why Maxine Waters hasn't been able to galvanize enough support among her colleagues in Congress to impeach Trump?

-7 ( +0 / -7 )

Because the Republican politicians are pathetic and weak, and too afraid of losing their seats to do the right thing and impeach him.

4 ( +4 / -0 )

he doesn't need to be impeached, china can easily crash the market

0 ( +0 / -0 )

There would be a slight drop, then a slight gain, until we were let in on what the VP, now President, plans are.

The GOP would be stupid to impeach him before Jan 20th, 2019. They would be stupid to bring it up before the Nov elections too.

Calling a party weak means nothing. Ineffective applies to everyone in American politics at the national level, sadly.

The GOP needs an overhaul. They need to throw out the religious fanatics, embrace science, and get back onto a balanced budget + surplus with a plan to pay off the national debt over the next 20 yrs.

1 ( +1 / -0 )

At least Trump knows he's going to be impeached eventually.

But he won’t be removed and?

The market may well crash, too, but only because of him being in office -- not because of him leaving it.

Wrong as usual. This is why European liberals and American liberals don’t understand anything about the economy. If I listened to liberals about investments and money, I’d be homeless person.

be patient give it 6 months and Trump will have screwed it up by then...

Yawn...like the everything the left predicted was absolutely wrong.uh-huh....sure. Lol

Yeah, 4.1% GDP if the Dems socialist party get their way, we will be at 1.3%GDP that’s the Golden years for the left. They take pride in those numbers. Lol

he got handed a booming economy thanks to Obama...

If you call 6 years of high unemployment, a GDP under 3% lackluster almost no jobs openings or growth in the private an increase on unemployment benefits and people dropping out of the workforce, high regulations, plants moving overseas, uncertainty in the market, close to zero investments great, shrinking of the middle class then without a doubt, Democrats don’t need to be anywhere near the White House or the economy.

I forgot what party he was from...can you remind us..

Definetely NOT the Democrat party.

-4 ( +1 / -5 )

Looking at financial charts from 2009 to present day, things simply aren't as good as the shepherd and his sheep will have you believe.

http://www.businessinsider.com/charts-prove-trumps-statements-about-economy-are-false-2018-7

0 ( +2 / -2 )

Tiniest bit of searching finds this about the unemployment rate.

Unemployment rate is getting about as low as it can go

The unemployment rate hit a high of 10% in October 2009 around the depth of the Great Recession, and it declined seven consectutive years during Obama’s presidency. It has continued this downtrend trend and hit a low of 3.8% in May this year before inching up to 4% in June.

So yes... It might be low but it's been on the decline since 2009. Little bit of honesty would be good.

1 ( +2 / -1 )

The market wouldn't crash at all and, even if it did, it would be well worth it. Good to see Trump is realizing that he needs to consider his impeachment becoming a reality.

1 ( +1 / -0 )

Only literal morons would believe any word coming out of him

2 ( +2 / -0 )

The market wouldn't crash at all and, even if it did, it would be well worth it.

Spoken like a true Marxist. Lol

Good to see Trump is realizing that he needs to consider his impeachment becoming a reality.

And the Senate wouldn’t convict him, then what?

-2 ( +1 / -3 )

YES, IT WOULD CRASH

°

He took economic short term risk he is the only one to understand fully. This need to be able to adjust fast if necessary.

This is 5 years plan and nearly 10.

Market would fall.

°

NCM

-1 ( +0 / -1 )

And the Senate wouldn’t convict him, then what?

What, because you say so? Repubicans!

0 ( +0 / -0 )

Don't tell me, the man-child gave himself another A+ ?

2 ( +2 / -0 )

t took Bush 8 years to destroy the economy - can Trump do it in less?

Hyperbole.

If Bush destroyed the economy then how did ROI for stocks increase steadily during the OBAMA years? From base zero? The same increase continues under Trump. But that’s the stock market.

How about jobs as careers? Every administration promises infrastructure repair. This isn’t possible unless you have skilled workers in sufficient numbers to do the work. Has anyone read reports of investment in trade schools and promotion of careers in the trades? Bi-partisan effort is needed to do this. Democrats and Republicans have failed which only shows that you can’t rely on many politicians of either (any) party to do more than line their pockets at taxpayer expense.

Come November throw ALL the bums out.

0 ( +0 / -0 )

serendipitous1:

The market wouldn't crash at all and, even if it did, it would be well worth it. Good to see Trump is realizing that he needs to consider his impeachment becoming a reality.

The stock market doesn’t “crash”, it “adjusts”.

The adjustment might be severe if it looked like the Republicans were heading to “Hillary-like” defeat in 2020, i.e. loss of the WH and both houses of Congress because the regulation roll back would certainly be reversed.

serendipitous1:

The market wouldn't crash at all and, even if it did, it would be well worth it. 

bass4funk:

Spoken like a true Marxist. Lol

Spoken like someone who never invested.

2 ( +2 / -0 )

What, because you say so? Repubicans!

83% approval rating by Senate Republicans, Yeah, good luck with that. Just try it. Lol

-3 ( +0 / -3 )

83% approval rating by Senate Republicans, Yeah, good luck with that. Just try it. Lol

Yeah right. If you believe that I've got a bridge in Brooklyn to sell you.

3 ( +3 / -0 )

Spoken like someone who never invested

You didn’t?? Why? Well, you should.

-4 ( +0 / -4 )

Spoken like someone who never invested

You didn’t?? Why? Well, you should.

bass4funk:

My ROI over those years was 125%.

2 ( +2 / -0 )

How many years, exactly?

8

1 ( +1 / -0 )

Anyone that arrogant deserves to be cut down to size. A pair of orange overalls awaits you.

3 ( +3 / -0 )

8

Sounds good enough to buy a private jet

2 ( +2 / -0 )

The farcical Donald J. Trump as his best (worst)!

2 ( +2 / -0 )

My ROI over those years was 125%.

Was? Oh, dear....lol

-1 ( +1 / -2 )

The writer and many posters are conflating "the economy" and "the market,." ie, the financial markets. One can be strong and the other can be weak at the same time.

1 ( +1 / -0 )

Sounds good enough to buy a private jet

I wouldn’t buy one on principle with the principal.

Was? Oh, dear....lol

Yes. All the way to the bank. I sold.

1 ( +1 / -0 )

severe stage of narcissistic personality disorder. i double if treatment helps.

1 ( +1 / -0 )

Trump is the epitome of the worst American stereotypes - ignorant, narrow minded, arrogant, and self absorbed, it's all about me, me, me.

The sooner this imbecilic, narcissistic sociopath is removed from office, the safer the world will be.

MAGA

Moron(s) Are Governing America

My Attorney Got Arrested

2 ( +2 / -0 )

Yes. All the way to the bank. I sold.

Good man. Lol

Trump is the epitome of the worst American stereotypes - ignorant, narrow minded, arrogant, and self absorbed, it's all about me, me, me.

As if America is the only country that thinks that.

The sooner this imbecilic, narcissistic sociopath is removed from office, the safer the world will be.

2024 you will have your wish.

0 ( +0 / -0 )

Why would the market crash? There's already enough uncertainty with tariffs being applied without logic. It's tough to make decisions with all this going on. I'm not saying China doesn't need some rough treatment but all the rest with Europe, Canada and Mexico is just too unpredictable.

0 ( +0 / -0 )

....or not.

0 ( +0 / -0 )

Trump says market would ‘crash’ if he were impeached’

So, impeach him to see whether he has finally said something that is the truth.

0 ( +0 / -0 )

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