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August 23, 2018 | US & Canada

Impeach Me And The Market Crashes--Donald Trump

Daily Guide
Donald Trump
Donald Trump

US President Donald Trump has responded to speculation that he might be impeached by warning that any such move would damage the economy.

“If I ever got impeached, I think the market would crash,” he said in an interview with Fox & Friends.

He was speaking after Michael Cohen, his ex-lawyer, pleaded guilty to violating election laws, and said he had been directed to do so by Mr Trump.

Mr Trump has rarely spoken about the prospect of being impeached.

Correspondents say it is unlikely Mr Trump's opponents would try to impeach him before November's mid-term elections.

Cohen says he handled hush money payments to two women during the 2016 presidential campaign.

The two women, thought to be porn star Stormy Daniels and former Playboy model Karen McDougal, both claimed they had affairs with Mr Trump,

Cohen said he had paid the money “at the direction” of Mr Trump, “for the principal purpose of influencing the election”.

However, Mr Trump said the two payments had not broken election campaign rules.

He said that the payments had come from him personally, not from the campaign, but he had not known about them until “later on”.

The president also accused Cohen of making up stories to receive a lighter sentence.

Why does Trump say the market would crash?
“I think everybody would be very poor,” Mr Trump told Fox and Friends.

Pointing to his head, he explained: “Without this thinking you would see, you would see numbers that you wouldn't believe in reverse.”

Mr Trump defended the payments to the two women, and said he had not known about the payments at the time.

His comments contradict a statement made earlier by Cohen under oath, in which he said the president had instructed him to make the payments.

In July, Cohen released audio tapes of him and Mr Trump allegedly discussing one of the payments before the election.

So did the payments break campaign rules?
The hush money payments were not reported to the Federal Election Commission during the campaign.

The question is whether the payments were made to protect Mr Trump's personal reputation or to protect his image as a presidential candidate.

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.

How has Trump contradicted himself?
In his first public comments, back in April, about his alleged affair with Stormy Daniels, Mr Trump denied knowing about the $130,000 (£100,000) payment made to the actress via Cohen.

Ms Daniels, whose real name is Stephanie Clifford, alleges that she and Mr Trump had sex in a hotel room in 2006.

Asked by a reporter in the press cabin of Air Force One if he had any knowledge about where Cohen had got the money to pay Ms Daniels, the president responded at the time: “I don't know.”

The conflicting statements in the Stormy Daniels saga

The following month, Mr Trump officially disclosed a payment to Cohen of between $100,001 and $250,000 for expenses incurred in 2016.

What happens next?
Any action against Mr Trump is unlikely until after the mid-term elections on 6 November, when the opposition Democrats will seek to break the grip of Mr Trump's Republican Party on Congress.

In the meantime, Cohen may agree to testify to the inquiry into alleged collusion between the Trump campaign and Russia.

There is no confirmation that Cohen will speak to Robert Mueller's inquiry but his personal lawyer has said his client is happy to talk.

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