Thursday, August 23, 2018


This seems likes nothing more than standard-issue Trump bragging:
President Trump, in an exclusive interview with Fox News' Ainsley Earhardt, warned that the “market would crash” if he's ever impeached....

“I don’t know how you can impeach somebody who’s done a great job,” Trump said, in the interview which aired Thursday on "Fox & Friends."

... he warned, “If I 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 in reverse.”
Make note of this, because an economic downturn is coming. It's not clear when it will arrive or how severe it will be. But by some measures we're in the longest bull market on record. (It started in March 2009, shortly after Barack Obama's inaugural.) It can't last forever. The stock market's gains haven't trickled down to many ordinary Americans, but they'll suffer even more when the downturn comes.

If there's a shocking revelation next Monday, Trump resigns by the end of the week, Mike Pence takes over as president, and the downturn arrives a year or eighteen months from now, it will be said that Democrats and other Trump enemies were at fault because they forced Trump out of office when he had the economy running like a brand-new Ferrari. If the downturn comes a year from now and Trump is still in office and preparing to run for reelection, the blame will fall on Trump's Democratic and "Deep State" enemies because they forced him to take his eye off the ball with their phony witch hunt. Place the start of the recession at any point in the near future, add in any Trump scenario, from impeachment to landslide reelection victory, and Trump's enemies will get the blame, because he should have been allowed to work his billionaire magic unchecked by criticism or oversight.

We won't just hear this from the White House, or from rabid supporters in the right-wing media and the deplorable community. We'll hear it from top Republican officeholders and from "respectable" conservative commentators. Eventually, the non-conservative press will conclude that the argument has to be taken seriously.

Democrats, of course, may well control the House of Representatives by the time the recession hits. So of course the downturn will be their fault.

Trump's investigators and opponents should still keep doing exactly what they're doing -- but we should all be ready for this.

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