theeconomiccollapseblog.com / By Michael Snyder on May 17th, 2017
The wolves are circling, and members of Congress from both political parties are now openly talking about impeaching President Trump. On Wednesday, speculation of a looming Trump impeachment sent stocks plunging. The Dow was down 372 points, and the S&P 500 and the Nasdaq both experienced their largest declines in eight months. This downturn was sparked by a New York Times report that said that a memo that FBI Director James Comey wrote in February stated that Trump requested that Comey “end the investigation into former national security adviser Michael Flynn”. Democrats and Republicans are both jumping on this memo as potential evidence of “obstruction of justice”, but as I will explain below, even if everything that Comey is saying is true there is no evidence of obstruction of justice in this case. However, perception is often more important than reality, and at this moment Wall Street and many of Trump’s fellow Republicans in Washington believe that the Trump administration is coming apart at the seams. After the events of this week, it is clearer than ever that it is imperative that we get Trump some friends in Congress in 2018.
Following Trump’s surprise election victory in November, stocks surged as investors anticipated the implementation of a robust pro-business agenda.
But now that the Trump administration is deeply embroiled in controversy, many fear that Trump’s pro-business agenda will never become a reality…
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