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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsJack Welch: Impeachment of Trump would 'blow the market away'
Jack Welch: Impeachment of Trump would 'blow the market away'Matthew J. Belvedere | @Matt_Belvedere 2 Hours Ago
Jack Welch, the former CEO of General Electric who has President Donald Trump's ear, told CNBC on Wednesday that an impeachment would crush the stock market.
"An impeachment proceeding would blow the market away," Welch said on "Squawk Box."
Welch also said Trump's firing of James Comey as FBI director was a "rookie mistake." He added, "You don't make any friends doing it the way [Trump] did it."
http://www.cnbc.com/2017/05/17/jack-welch-impeachment-of-trump-would-blow-the-market-away.html
Demsrule86
(68,456 posts)Kahuna7
(2,531 posts)Demsrule86
(68,456 posts)still_one
(92,061 posts)renate
(13,776 posts)I doubt that stability and predictability are worse for the stock market than chaos and instability are.
Freethinker65
(9,999 posts)We now know which Welch picks
workinclasszero
(28,270 posts)Of course if Trump gets impeached for his sickening criminality and tinpot dictator actions the market will tank.
The Wall Street thieves are waiting for Ryan and Trump to transfer billions of working class dollars into their pockets.
If Trump is stopped Wall Street haz a sad. Fucking crooks!
dalton99a
(81,392 posts)blogslut
(37,982 posts)reflection
(6,286 posts)I disagree. I think the markets like stability, and what we have now is not that. Granted, the bottom has not dropped out of the market, but it will come as surely as the sun rises, if Cheetolini is not removed and ends up bombing countries indiscriminately trying to get the heat off him. Then again, war is good for business, so hell, who knows.
asiliveandbreathe
(8,203 posts)a rookie mistake..HE EFFIN' Fired the head of the FBI - can't take it back...rookie mistake my arse..
UTUSN
(70,645 posts)oasis
(49,326 posts)Sculpin Beauregard
(1,046 posts)Ohioblue22
(1,430 posts)a trump impeachment. the wealthy may lose money in the stock market but so what. this is just a rich guy trying to scare ypu into protecting his assets by scaring you.
jpak
(41,756 posts)yup
workinclasszero
(28,270 posts)delisen
(6,042 posts)I am so tired of these puffed up corporate "vampire kings" interfering with democracy.
Jack Welch used corporate muscle to engage in psychos for George Bush on election night 2000-when people were beginning to realize that there was something strange going on in vote counting.
NBC was calling Gore the winner, then suddenly changed it to Bush --what had changed was Jack Welch had gone into the Newsroom. Later NBC refused to turn over tape which could show what happened. Andrew Lack first agreed to release tape then reneged.
http://variety.com/2001/tv/news/ge-s-welch-in-jam-over-election-1117852770/
According to Waxmans investigation, Welch repeatedly distracted Gawiser by asking how the desk worked. He allegedly also secured direct access to VNS data.
Efforts were reportedly made during this time period to escort Mr. Welch away from the Decision Desk. These efforts did not succeed, Waxman said in his letter to Wright.
Called the race
Ultimately, after studying raw data for himself, Welch questioned Gawiser about calling the race for Bush, Waxman said. Around the same time, Fox News Channel predicted Bush the winner. Within a few minutes, Gawiser let the control room know that the Peacock would declare Bush the winner as well.
All the while, an inhouse camera was rolling, Waxman said.
Initially, NBC prexy Andrew Lack told Waxman he was welcome to any such tapes, if any indeed existed. In later correspondence, Lack backed off, with the Peacock changing its position to say that giving Waxman the inhouse footage would intrude on the editorial process.
Waxman said he is not talking about NBC journalists, but about Welch, a corporate exec.
Mr. Welch is not a journalist, a news analyst, or a part of the NBC news division, Waxman said. His actions have little, if any, entitlement to the First Amendment protections belonging to the news media.
spanone
(135,791 posts)Madam45for2923
(7,178 posts)WinkyDink
(51,311 posts)HughBeaumont
(24,461 posts)Like he cares how "the market" is going to do. When you have multiple millions hoarded as he does (cutting jobs by the multiple thousands reaps benefits), you're shielded from such paltry matters.
A-Schwarzenegger
(15,596 posts)workinclasszero
(28,270 posts)...with slavery for the working class and liberty for the 1%
Orsino
(37,428 posts)workinclasszero
(28,270 posts)Well he is a fat ass.
Humpty Dumpf will have a great fall!
Turbineguy
(37,291 posts)Because it works for him.
unblock
(52,116 posts)they get to keep the right-wing policies and get rid of the distraction and drama and ineffectiveness.
the stock market might have a knee-jerk dive, but would recover quickly and rise from there.
'
at least until the market crashed a few years later....
Zen Democrat
(5,901 posts)The Velveteen Ocelot
(115,587 posts)if Trump is impeached I think it would be very temporary because it's Trump himself that's causing so much chaos and uncertainty. Pence would be president and then the CEOs would get their tax cuts and the market would stabilize again.
Lint Head
(15,064 posts)herding cats
(19,558 posts)It's a little late now to have buyers remorse for picking a person they KNEW was a crooked con man, but supported anyway because they wanted their tax cuts. Now their whole house of cards could go down again because they couldn't pick what was better for our country over what was better for their wallet.
Blue_true
(31,261 posts)jeffreyi
(1,938 posts)Opportunity for bargain hunting.
Initech
(100,038 posts)You're part of the problem!
nini
(16,672 posts)Stability is needed and getting rid of the psycho will allow that - and I know Pence is no prize but he's not as unhinged as Trump.