Trump says US market would 'crash' if he were impeached

Posted August 24, 2018

"I will tell you what, if I ever got impeached, I think the market would crash, I think everybody would be very poor".

When asked about whether Trump was destined for "inevitable" impeachment, Giuliani replied, "Hardly", and went on to say things have, in fact, "turned very much in the President's favor".

The storm reached new heights Tuesday when President Donald Trump's former campaign manager Paul Manafort was convicted by a jury and Trump's former personal lawyer Michael Cohen pleaded guilty to separate felonies.

Trump was responding to speculation that Democrats would seek to impeach the president should they re-take the House of Representatives in November's midterm elections.

The White House and Trump have insisted that the president has done nothing wrong relating to the hush money.

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Under US election rules, any payments made with the aim of influencing a vote must be reported.If Mr Trump were to be prosecuted over the money - not through the normal courts, because he is the sitting president, but conceivably in Congress, through an impeachment process - investigators would have to prove that he had indeed given the money to Cohen for electoral reasons.

While the full implications for the real estate mogul-turned-president remain unclear, Cohen's statements - and the prospect of more revelations to come - puts Trump in legal peril.

In an exclusive interview with Earhardt on Thursday, Trump acknowledged his former personal attorney's guilty plea and expressed an apparent frustration over Cohen's legal woes.

According to the court filing, Cohen and Pecker worked to suppress potentially damaging claims against candidate Trump, with AMI using a tabloid tactic called "catch and kill". "Thirty, 40 years I have been watching flippers".

Cohen, who says he won't seek a pardon from Trump, pleaded guilty Tuesday to eight charges, including campaign finance violations that he said he carried out in coordination with Trump.

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The president's story about Cohen's payments has changed multiple times over the past year, and in the Fox interview he tried several ways of defusing the allegations.

Trump says he shouldn't be impeached because he's doing a "great job".

That tool "almost ought to be outlawed". Trump has denied having an affair with either woman.

Cohen was investigated after a referral to the U.S. Attorney's office for the Southern District of NY from special counsel Robert Mueller, who is heading up the investigation into Russia's alleged interference in the 2016 presidential election.

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