Democrats are itching to impeach President Trump.
Many members in Congress are already gearing up to bring articles of impeachment against the President next year.
But Democrats are being forced to think twice about impeaching Trump after they ran into this roadblock that no one saw coming.
It’s no secret that Democrats hate President Trump.
After spending two years railing against nearly every aspect of the President’s administration and record, they now have an opportunity to directly go after him in 2019.
With Democrats ready to take control of the House of Representatives in just a matter of days, many Democratic members of Congress are already talking about impeaching President Trump and removing him from office.
But Nancy Pelosi and Chuck Schumer would be wise to be careful about the unintended consequences of trying to impeach President Trump.
If the House votes to impeach the President, the American economy can see massive backlash as a result, especially with the recent shaky economic news over the past two months.
In an interview with CNBC, economist Steve Okun states that the prospect of President Trump being impeached by Democrats in 2019 presents a “huge risk” for investors and businesses.
The uncertainty that would grip Washington over an unprecedented impeachment trial could crash the American economy.
And if that happens, Democrats would be squarely to blame for any bad economic news that would follow.
“Democrats will do something on impeachment next year,” Okun told CNBC.
When asked about the economic impact an impeachment process could bring about, Okun said, “Washington is going to shut down, literally … because the president is not going to be able to focus on anything but that. I think that is a huge risk going into 2019.”
That “huge risk”, coupled with the political uncertainty impeachment brings about, along with the growing feud between President Trump and the economic policies of the Federal Reserve, could be enough to crash the economy and send the markets into a major correction.
“I think 2019 is going to make 2018 look tame in comparison … I’ve never seen such nervousness in the U.S. business community as I’ve seen now,” Okun added.
Democrats seeking to retake the White House from President Trump in 2020 are no doubt going to use the economy as one of their targets to attack the President on.
If the economy continues to falter and businesses continue to remain worried about the future, it could provide an opening for the Democrats to hammer away at Trump over the next two years leading up to the upcoming Presidential election.
But that could all be made useless if Congressional Democrats trigger a market crash by impeaching the President.
What’s more, it could potentially backfire on Democrats if the public places the blame for any downturn in the economy on the Democrats who voted to impeach President Trump.
The economic fallout that could develop from any impeachment proceedings could put a halt to some plans Democrats have for 2019, but it remains unclear whether Democrats are worried enough about the economy to put the brakes on impeachment.
Do you think Democrats could crash the economy if they impeach President Trump?
Let us know your thoughts in the comments section below.
