Recently, a phone call between the President of Ukraine and the President of the United States became public. This phone call has sparked a conversation on whether or not President Trump is fit to continue to be president because of possible illegal activity. If the rumors around there being a possible breach of presidency and the president becomes impeached, how do you believe this will affect the economy? Under Trump some could argue that we have flourished in our economy so will his possible departure destroy everything the economy is or will it have a lesser effect?
https://www.washingtonpost.com/politics/staring-down-impeachment-trump-sees-himself-as-a-victim-of-historic-proportions/2019/09/28/815fbbea-e14c-11e9-b199-f638bf2c340f_story.html
If President Trump were to step down from the position, then I believe Mike Pence would take position until the 2020 election. In terms of economic changes, there may be slight adjustments; however, we may see larger action in the social region during Pence's potential term.
ReplyDeleteA president's effectiveness is usually measured by the state of the economy when they take office and when they leave. If the economy gets better than they are generally perceived as good, if it gets worse they are perceived as bad, even if there is no direct correlation. I believe we are in the upside of a business cycle and Trump being impeached will have little impact on the overall state of the economy. And any negative impacts could possibly be attributed to the looming recession most economists think is coming anyways.
ReplyDeleteIf President Trump were to step down, I believe a Democratic candidate would be elected as a Republican one had just left a bad taste in peoples mouth, but I do think that taxes would increases and business would feel less safe under a new Democratic President and the economy would suffer.
ReplyDeleteThere seems to be a high probability of the stock market taking a downturn with the questions regarding Trump's presidency, as whenever there is a big shock regarding the president or one of their policies the stock market is affected. That being said, a lot of people argue that the economy is doing well not because of Trump's presidency but because of Obama's, and Trump is still riding his wave and we won't see how successful, or unsuccessful, Trump's policies are until we are a little farther removed from them, in terms of time.
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