On Thursday, as impeachment concerns grew, Trump claimed that the stock market would crash. Earlier in the week, the market saw loses as Nancy Pelosi again raised the question of impeachment in regards to current events regarding Trump's conversation with the Ukrainian President. Trump asked "Do you think it was luck that got us to the best Stock Market and Economy in our history. It wasn’t!” Trump has consistently taken credit for the market's good conditions over his term, but my question is how much of the current climate can be attributed to Trump and his policies? Additionally, if he is impeached how do you think the market would react. Concerning the second question I believe the market would react poorly but not because the market guru Trump left office but more just due to the lack of polictical stability and future worries.
https://www.marketwatch.com/story/trump-warns-of-stock-market-crash-as-he-rails-against-impeachment-2019-09-26?mod=economy-politics
In my honest opinion, impeaching a president causes havoc. The people are confused, worried, and anxious. There have been other instances where political figures have said and done specific things that anger the people, however, the US rarely follows through with such consequences. In my honest opinion, impeaching Trump, no matter the offensive things he has said/done, will not bring catharsis to the people, but instead havoc.
ReplyDeleteTrump's comment of "Do you think it was luck that got us to the best Stock Market and Economy in our history? It wasn't" is one which I would agree cannot be argued. However, I do not think Trump's policies have been as effective as he takes credit for. The economy was growing when Obama left office, and the goals Trump often had of increasing government spending while implementing policies to decrease saving to allow for economic growth do not add up. Based off of the fiscal policy curves we learned of earlier this week, that leads to lower net exports and in compliment, lower GDP. For Trump to think his policies are the reason for a great economy, he has to be oblivious to basic economic principles.
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