President Trump started his Friday morning on Twitter, by blaming the Democrat majority in the House for the dip in the stock market, asking how can you impeach a President, “who has won perhaps the greatest election of all time,” and by tweeting in all caps about the new jobs report for December that was released on Friday.
1. They only want to impeach me because they know they can’t win in 2020, too much success!…
On Wednesday during a cabinet meeting President Trump explained that the loss in the stock market for December was a “glitch” adding that the stock market overall is up 30 percent since his election.
In October he tweeted that the stock market was in a pause as it awaited the results of the midterm elections.
On Thursday the stock market tumbled with the Dow closing 660 points down. On Friday the stock market rallied in early morning trading hours, CNN reports that it gained more than 700 points after a strong jobs report.
President Trump has also criticized the Federal Reserve for raising interest rates as another reason the stock market is struggling.
Federal Reserve Chairman Jerome Powell while speaking at an economic conference on Friday said “that low inflation would allow the fed to be patient,” in determining whether they would raise the benchmark interest rate, the New York Times reported.
According to the article Powell “sought to reassure investors,” that policymakers would be watching closely for signs that the economy was slowing.
During the conference Powell was asked amid reports that the President was looking at firing Powell, if he’d resign if President Trump asked him to step-down, Powell said, “no.”
2. How do you impeach a president who has won perhaps the greatest election of all time…
Definition of Impeach Merriam-Webster:
- a: to charge with a crime or misdemeanor specifically : to charge (a public official) before a competent tribunal with misconduct in office
- b: to remove from office especially for misconduct
- c: to bring an accusation against
Impeachment according to the Constitution via crf-usa.org:
- The U.S. Constitution provides impeachment as the method for removing the president, vice president, federal judges, and other federal officials from office. The impeachment process begins in the House of Representatives and follows these steps:
- The House Judiciary Committee holds hearings and, if necessary, prepares articles of impeachment. These are the charges against the official.
- If a majority of the committee votes to approve the articles, the whole House debates and votes on them.
- If a majority of the House votes to impeach the official on any article, then the official must then stand trial in the Senate.
- For the official to be removed from office, two-thirds of the Senate must vote to convict the official. Upon conviction, the official is automatically removed from office and, if the Senate so decides, may be forbidden from holding governmental office again.
As the article explains the reasons for impeachment as set forth in the Constitution are: treason, bribery, and other high crimes and misdemeanors.
From President Trump’s tweet, “a president who has won perhaps the greatest election of all time.”
For modern Presidential elections via archives.gov:
- Reagan in 1980 489 electoral vote
- Reagan in 1984 525 electoral vote
- Bush in 1988 426 electoral vote
- Clinton in 1992 370 electoral vote
- Clinton in 1996 379 electoral vote
- Bush Jr. in 2000 271 electoral vote
- Bush Jr. in 2004 286 electoral vote
- Obama in 2008 365 electoral vote
- Obama in 2012 332 electoral vote
- Trump in 2016 304 electoral vote
3. GREAT JOBS NUMBERS JUST ANNOUNCED!…
See the CNBC News tweet posted above.