Not to any surprise, Donald Trump is in the News again. This time however, the reasoning for this is he is facing impeachment for having Ukraine look into Joe Biden's prior Vice-President administration looking for details to lower his campaign status. A big concern of many is how the economy will react if he is in fact impeached. Some feel that the economy will go into turmoil over the possible instability which could occur as a result. Others, such as Paul Krugman, think the impeachment would actually be good for the economy. Thus far, Trump's policies have been beneficial for the upper-class. He argues if Trump is impeached it would allow for policies to be paused so that the true economists are able to set policies that are based off of economic policy. Instead of how it is currently, where educated individuals are being degraded by the President. An example would be the Agriculture Department's Economic Research Service which has had their report has been lesser since 2017 when they were forced to move to Kansas from Washington prompting multiple resignations of people wanting to stay in Washington. If Trump were to be removed this department would likely be moved back and their report would be more significant again. Implications such as this, as well as the removal of his confused policies effect on the economy would allow for our economy to continue to prosper based off of educated decisions form professionals understanding the effects of their policy recommendations.
https://www.nytimes.com/2019/09/26/opinion/trump-economy.html?module=inline
As I said on another post, impeaching a president would not cause catharsis amongst the people, but instead it would cause havoc. Political figures say and do controversial things often. Impeaching a president within their term would cast doubt in the strength in the general public, which would cause investors to panic. It would not be wise to impeach a president until their term is up when we can vote for a new president.
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ReplyDeleteI believe that if the President were to be impeached that it would have a negative effect on the market in the short run. I believe as Ashleigh said that investors would panic if President Trump were to be impeached.
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