Posted on 09/25/2019 3:52:17 PM PDT by billorites
On Wednesday markets brought another reality check to Washington’s chronic impeachment enthusiasm. In a recurring drama of the Trump era, the Speaker of the House and other Democrats are talking gravely and vaguely about a President allegedly betraying his country and trashing its laws. Meanwhile the massive bipartisan global coalition of equity investors who actually have to put money behind their opinions aren’t buying the Pelosi thesis of American crisis.
House Speaker Nancy Pelosi has formally called for an impeachment inquiry into President Trump. The market reaction was a giant shrug. This is a political moment for the country, not an economic one, many analysts say.
Stocks fell a bit Tuesday as news of the decision by Pelosi (D-Calif.) broke (the Dow Jones industrial average lost about 142 points, or about 0.5 percent, by the end of the day), but the market rebounded Wednesday (the Dow was up about 150).
In other words investors got a little bit skittish on Tuesday when it looked like Mr. Trump might be in some political trouble. The opposite should have occurred if investors really thought Mr. Trump represented a fundamental threat to U.S. constitutional governance. Shareholders don’t like owning property in countries where the rule of law is threatened. And regardless of their politics they continue to express their confidence in the U.S. Ms. Long continues:
On Wall Street, few expect the process will lead to Trump’s removal from office. Pelosi appears to be inching closer to the votes for an impeachment in the House, but it looks highly unlikely at this point that two-thirds of the GOP-controlled Senate would go along with it.
“Markets have seen this Impeachment movie before,” said Jamie Cox, managing partner at Harris Financial Group in Richmond. “So what if the House impeaches, if
(Excerpt) Read more at wsj.com ...
Pelosi is no longer speaker. The sqwad is.
The main news pages of the WSJ are no longer reading any different than Pravda on The Hudson - all in against Trump.
Their journalistic credibility has slipped day by day ever since Murcdoch bought Dow Jones/WSJ.
It is only on the WSJ opinion page that you still find some sanity. That happens because the former owners in their deal with Murdoch kept editorial control of the opinion page.
They threaten to impeach President Trump for his conversation.
President Trump releases a transcript of the conversation.
There is nothing to the conversation.
So Pelosi threatens impeachment again.
This is what we have a House Of Representatives for?
Pure Political Theater...
and everybody knows it.
But what is Nan actually doing? Seems to me nothing more than a press conference. Same committees holding the same hearings. Groundhog Day.
Pelosi is leading from behind...
Pelosi is so morally compromised that she has no gravitas or real control. Politically she knows that this anti Trump all the time impeachment frenzy will ultimately hurt the Democratic Party badly in the eyes of the American people. The far left, badly out of step with most Americans, has control of the Democratic Party and any institution they control. Ultimately it will mirror the fate of Britain’s Labor Party where even with incompetent Tory politicians, the people avoid it.
For a “reality check” of Dem Party supporters, check out Hillary’s voting map from 2016. The rest of America is with Trump.
Trump's in trouble now.
Time for them to revert back to the “mentally unfit for the job” screech, or their racist claims.
You can't read the full article unless you sign in or subscribe...which I don't, and won't.
Original article link:
Where are their apologies for getting it so wrong?
Meanwhile, at RCP, Trump’s job approval has hit a 2 year high.
https://www.realclearpolitics.com/epolls/other/president_trump_job_approval-6179.html
If you want to see where it says a 2 yr high, go to the RCP website and look to the left under Trump administration.
Mod Squad rules ! Pelosi is no longer the Speaker.
Nancy only cares about the Speaker Perks like Free Family Vacations
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.