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workinclasszero

(28,270 posts)
Wed May 17, 2017, 11:07 AM May 2017

Jack 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
36 replies = new reply since forum marked as read
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Jack Welch: Impeachment of Trump would 'blow the market away' (Original Post) workinclasszero May 2017 OP
Keeping Trump might blow up the country literally ... so too bad. Demsrule86 May 2017 #1
Welch is a slug. nt Kahuna7 May 2017 #2
How did moving jobs making light bulb and all your shitty appliances overseas go Welch? Demsrule86 May 2017 #3
Welch is a scum bag still_one May 2017 #4
why would he risk his reputation by saying that? renate May 2017 #5
Decisions. Decisions. Loyalty to the constitution and country or loyalty to "the market"/$$$$? Freethinker65 May 2017 #6
Right workinclasszero May 2017 #10
Fuck Jack Welch dalton99a May 2017 #7
That hateful old gasbag is still alive? blogslut May 2017 #8
Although I am not an economist and didn't stay at a Holiday Inn Express, reflection May 2017 #9
Lookin' for that tax cut are ya' Welch?? - asiliveandbreathe May 2017 #11
Well, isn't busting the system what his supporters wanted from him?!1 UTUSN May 2017 #12
Translation: protect my golden parachute at all costs. nt oasis May 2017 #13
Haahaahaa!!! What a blithering IDIOT. Sculpin Beauregard May 2017 #14
we survived nixon's impeachment we survived bush we will survive Ohioblue22 May 2017 #15
American Democracy is not a stock option - fuck the 1% jpak May 2017 #16
Fuckin A right! workinclasszero May 2017 #17
Welch interfered with Newsroom Election 2000 to favor Bush delisen May 2017 #18
hey jack...trump doesn't give a shit about me, you or anyone else....get a fucking clue spanone May 2017 #19
I think we will survive! Thanks JW for your concerns. NOTED Madam45for2923 May 2017 #20
Oh, okay, Nostradamus. Let's just let treasonous dogs lie, then. WinkyDink May 2017 #21
Racist troll has to be in his late 100s by now, right? HughBeaumont May 2017 #22
"I pledge allegiance to the stock market of the United States of America..." A-Schwarzenegger May 2017 #23
One nation under Ayn Rand... workinclasszero May 2017 #25
He's calling Trump too big to fail. n/t Orsino May 2017 #24
LOL workinclasszero May 2017 #26
Trump creates chaos. Turbineguy May 2017 #27
idiotic. replace benedict donald with any other republican and the market goes up. unblock May 2017 #28
Message deleted by DU the Administrators Zen Democrat May 2017 #29
Serious shakeups in the government are likely to cause a drop in the market, but The Velveteen Ocelot May 2017 #30
So he is saying fuck the country money is more important. Lint Head May 2017 #31
Maybe rich Republicans shouldn't have elected him in the first place? herding cats May 2017 #32
Welch is a jackass. nt Blue_true May 2017 #33
Good. jeffreyi May 2017 #34
Fuck you, Welch, fuck the market, and fuck Wall St. billionaires. Initech May 2017 #35
Not in the long run nini May 2017 #36

renate

(13,776 posts)
5. why would he risk his reputation by saying that?
Wed May 17, 2017, 11:10 AM
May 2017

I doubt that stability and predictability are worse for the stock market than chaos and instability are.

Freethinker65

(9,999 posts)
6. Decisions. Decisions. Loyalty to the constitution and country or loyalty to "the market"/$$$$?
Wed May 17, 2017, 11:10 AM
May 2017

We now know which Welch picks

 

workinclasszero

(28,270 posts)
10. Right
Wed May 17, 2017, 11:15 AM
May 2017

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!

reflection

(6,286 posts)
9. Although I am not an economist and didn't stay at a Holiday Inn Express,
Wed May 17, 2017, 11:12 AM
May 2017

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)
11. Lookin' for that tax cut are ya' Welch?? -
Wed May 17, 2017, 11:16 AM
May 2017

a rookie mistake..HE EFFIN' Fired the head of the FBI - can't take it back...rookie mistake my arse..

 

Ohioblue22

(1,430 posts)
15. we survived nixon's impeachment we survived bush we will survive
Wed May 17, 2017, 11:29 AM
May 2017

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.

delisen

(6,042 posts)
18. Welch interfered with Newsroom Election 2000 to favor Bush
Wed May 17, 2017, 12:07 PM
May 2017

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 Waxman’s 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.”

 

Madam45for2923

(7,178 posts)
20. I think we will survive! Thanks JW for your concerns. NOTED
Wed May 17, 2017, 12:09 PM
May 2017
0. Jack Welch: Impeachment of Trump would 'blow the market away'

HughBeaumont

(24,461 posts)
22. Racist troll has to be in his late 100s by now, right?
Wed May 17, 2017, 12:15 PM
May 2017

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.

unblock

(52,116 posts)
28. idiotic. replace benedict donald with any other republican and the market goes up.
Wed May 17, 2017, 12:22 PM
May 2017

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....

The Velveteen Ocelot

(115,587 posts)
30. Serious shakeups in the government are likely to cause a drop in the market, but
Wed May 17, 2017, 12:29 PM
May 2017

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.

herding cats

(19,558 posts)
32. Maybe rich Republicans shouldn't have elected him in the first place?
Wed May 17, 2017, 12:44 PM
May 2017

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.

nini

(16,672 posts)
36. Not in the long run
Wed May 17, 2017, 12:50 PM
May 2017

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.

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