Today’s Campaign Update, Part II
(Because The Campaign Never Ends)
Impeachment? What, me worry? – On Tuesday, investors showed how positive they are about all the strong company earnings reports that have been rolling in over the past two weeks, and also how unconcerned they are about the current bluster from Democrats about impeaching President Trump. Both the Nasdaq and the S&P 500 indexes closed at all-time record highs Tuesday, now having regained all the ground they had lost during the 20% selloff that took place last November and December.
The U.S. stock market generally serves as a pretty accurate barometer of where the U.S. economy is headed in the coming six months or so. It also serves as a pretty accurate gauge of investor concerns about the current political climate.
So, what is this telling us from a political perspective? Well, the main thing to understand is that markets of any kind hate uncertainty and upheaval, and that is especially true of the stock market, where major investors tend to panic at the drop of a hat.
The fact that all of the major indexes have steadily risen since last Thursday’s public release of the Mueller Report by Attorney General William Barr tells us that investors simply are not really worried at all that congressional Democrats could succeed in impeaching President Donald Trump and removing him from office, an act that would be incredibly de-stabilizing. Investors obviously view the Democrat rhetoric for exactly what it is: Empty rhetoric from a bunch of cynical clowns designed to throw red meat to the Party’s perpetually-enraged leftist voter base.
Former Obama Press Spokesman Joe Lockhart gave away the Democrat game in an interview on CNN Tuesday afternoon:
The public doesn’t understand this. They think if the president is impeached, he’s removed. In fact, that has to go to the Senate. And my biggest concern is that the Democrats could move impeachment. It would go to the Senate and no Republicans, maybe one or two, would vote, and the country would get the impression that the president was innocent and I think we need to avoid that at all costs.
So, first, the Democrats must keep up the false pretense that the Mueller report found the President guilty of some impeachable crime. It didn’t, but Lockhart and his fellow Democrats know that their only hope in 2020 is to convince a majority of voters that it did.
But the problem congressional Democrats have here is that their false rhetoric and the media’s false reporting on the whole Russia Collusion fantasy have so enraged the Party’s voter base that it is demanding that House Democrats “do something” to punish the President for his fantasy-based “crimes”.
Here’s where Lockhart, who no doubt remains intimately familiar with the Party’s daily narrative strategy, gives away the game:
I would suggest that we do hearings for the next five or six months, bring everything out, and then the House puts a censure motion on the floor… I think that’s the opportunity for Democrats, beat them at the ballot box. Don’t go down the road of impeachment, where you know you can’t win.
Oh. So, the Democrat “plan” is to subject the nation to yet another round of Witch Hunt hearings for the “next five or six months”, and then to offer up a censure motion as the red meat to their demented voter base. That really isn’t going to satisfy all the nitwits suffering from daily bouts of Trump Derangement Syndrome, but the Democrat plan would then presumably be to order their propaganda agents in the fake news media to refocus their coverage away from the Russia Collusion fantasy and onto the ugly reality of the Democrat presidential candidate field.
The market basically sees all of this for what it is, which is why the focus by investors remains mainly on the ongoing impressive results we are seeing from the Trump Economy. The daily pronouncements from the Democrats’ array of characters from a Star Wars bar scene are treated as just so much noise, and that’s a good thing.
That is all.
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