"If I ever got impeached, I think the market would crash. I think everybody
would be very poor," the president said in a Fox News interview that aired
Thursday.
"Because without this thinking, you would see numbers that you wouldn't believe
in reverse," Trump said, pointing at his head. "I got rid of regulations. The
tax cut was a tremendous thing."
The stock market has had little reaction so far to Trump's renewed legal
troubles this week with two former advisors now guilty of criminal acts and one
implicating him directly. The Dow fell slightly on Wednesday and stock futures
were little changed Thursday morning. Traders say the market right now expects
Trump to avoid impeachment unless the special counsel investigation can tie the
president directly to collusion with Russia to sway the 2016 election.
The economy expanded at a 4.1 percent pace last quarter and the Atlanta Fed is
forecasting 4.3 percent growth for this quarter. Under Trump, unemployment has
fallen to 3.9 percent, around the lowest since 1969, CNBC reported.
The S&P 500 is up 7 percent for the year and on Wednesday its run since March
2009 became the longest bull market on record.
"I don't know how you can impeach somebody who's done a great job," the
president told "Fox & Friends."
In the interview, Trump suggested it should be illegal for people facing
prosecution to co-operate with the government for a reduced sentence, and he
didn't rule out pardoning his former campaign chief and newly convicted felon
Paul Manafort.
He also admitted he provided the hush money used by attorney Michael Cohen to
suppress the allegations of two women that they had affairs with Trump. But he
insisted he only knew about payments "later on," contradicting his former
lawyer's sworn statement that Trump had directed him to make the payments. Trump
has denied the affairs.
Source: Tasnim