Donald Trump: Dow Drop Impeach President

Posted by admin on Thursday, October 25, 2018

Donald Trump Money Quote from 2012 which illustrates the drawback to claiming credit for a strong economy – you must also accept blame when it declines. Donald Trump said:
 

 

“If the Dow Drops 1000 points in two days the president should be impeached immediately!” — Donald Trump

 

 

In this quote from 2013, Donald Trump appears to be suggesting that if the stock market experienced a significant two-day decline of 1000 points in the Dow Jones Industrial Average, that should automatically trigger impeachment of the sitting U.S. president. Some key points:

• Trump seems to be implying the president deserves blame and removal from office for any major stock market drops occurring under their leadership, regardless of other economic conditions.
• However, the stock market can experience volatility and short-term declines for various reasons outside a president’s direct control, such as corporate performances, global events, and natural market fluctuations.
• Impeachment is typically not triggered by single economic indicators like the Dow and requires evidence of “high crimes and misdemeanors” as defined in the U.S. Constitution.

Overall, Trump appears to either be joking or holds an overly simplistic view that presidents should essentially be fired for any sharp two-day drops in the Dow index alone. In reality, impeachment is a complex political process that does not hinge on isolated movements in the stock market.

Categories: politics