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  HOME | USA

Stock Market Will Tank If I’m Impeached, Trump Says

WASHINGTON – US President Donald Trump said that if he were to be impeached, after it was revealed that his former lawyer accused him of violating campaign finance laws, “the market would crash” and the economy would fail.

“If I ever got impeached, I think the market would crash. I think everybody would be very poor,” Trump said in an interview with Fox News broadcast Thursday.

The president recalled that the US economy has made significant gains recently, growing at an annualized rate of 4.1 percent in the second quarter, which he attributed to his tax cuts and deregulation policies.

“I don’t know how you can impeach somebody who’s done a great job (...). You would see numbers that you wouldn’t believe, in reverse,” he said.

The president’s remarks come after his former lawyer, Michael Cohen, pleaded guilty Tuesday to tax evasion, bank fraud and campaign finance violations in a federal court in New York.

Cohen said that Trump had asked him to arrange payments to two women during the 2016 presidential campaign to prevent them from speaking out about alleged extramarital affairs.

Trump has acknowledged the payments, but he has denied that they came from his campaign fund – in what could amount to campaign finance violations – saying that they were made with his personal money.

Cohen’s revelation has raised speculation about the possibility that Democrats could start impeachments proceedings against Trump if they are able to win back control of the House of Representatives in November’s midterm elections.

Top Democratic lawmakers, however, have refrained from mentioning the possibility of impeachment proceedings, attempting to focus instead on economic issues.

 

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