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The failure to impeach Trump could throw the economy into a tailspin after the 2020 election — here’s why

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According to the CEO of investment house BlackRock and political scientist Ian Bremmer, the failure of the Republican-controlled Senate to oust President Donald Trump, should the House’s impeachment investigation be referred for a trial, could have a far-ranging and unpredictable impact on the economy.

As part of an interview covered by Markets Insider, “BlackRock CEO Larry Fink is reportedly worried about political instability in 2020” and feels that investors are not looking far enough down the road and could be faced with economic chaos in the event of the Senate voting along party lines and not convicting Trump.

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According to Bremmer, both he and Fink are thinking along the same lines about a constitutional crisis rearing its head.

“I was with Larry Fink — client, friend — a couple of weeks ago, who is asking me what worried me the most,” Bremmer explained before elaborating that “If Democrats try and fail to convict Trump, the party that loses next year’s election is likely to question its legitimacy, and Congress could grind to a halt,” reports MI.

Noting that Fink stated, “I absolutely agree with those concerns. The markets are not thinking about it yet,” Bremmer stated his case.

“The ‘overwhelmingly likely outcome’ of the current impeachment inquiry is that Trump is impeached in the House but not convicted in the Senate, he [Bremmer] said, before adding that Trump would then feel, ’empowered to continue to abuse power in ways that he had involving Ukraine and Biden and all the rest,'” the report states.

“It’s worse than non-impeachment or not holding impeachment hearings because it means that there are many people that will feel that the 2020 elections are themselves not legitimate,” Bremmer added.

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“There is a reasonable likelihood in 2020 that you’ll have a short period of time where a constitutional crisis occurs,” Bremmer explained. “Not martial law, not troops in the streets, but a feeling that the election itself is not legitimate and, therefore, the outcome should not be recognized as such by whoever lost.”

“For a few months, you can imagine Congress refusing to play ball on things like getting stuff funded, working on a day-to-day basis,” he elaborated. “”A general congressional strike in this environment, with the global economy deteriorating, is a significant risk in 2020 in a way that US domestic risk in 22 years, since I started Eurasia Group, has never been significant.”

You can read more here.

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2020 Election

Your guide to the 2020 Democrats: Who’s in, who’s out and WTF is going on anyway?

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With the Iowa caucuses less than two months away, the 2020 Democratic presidential field is finally starting to achieve ... no, forget it. It's definitely not coherent and it's probably not permanent either; we may well see more dropouts and late entries. But with the departure of Sen. Kamala Harris (and the earlier departures of a bunch of guys whose names you don't remember), the field now has a recognizable shape.

There's a frontrunner, who has led almost every national poll since last winter, allowing for a few outlier polls and a brief period around the end of the summer. There are three other leading contenders, two of whom have been near the top of the polls for months, while the third only recently emerged from the pack. There is a pack of dark-horse candidates, whose odds of being elected president now approach zero but who remain in the race for various reasons.  There are some with no shot at all. There are two fringe candidates, likely using this campaign to explore career options. And there's a pair of billionaires who hope to buy their way to the presidency by spending alarming amounts of money on campaign ads. That probably won't work — but you might have heard the same thing about another billionaire in that other party, a few years back.

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2020 Election

Ronny Jackson, former White House doctor and Trump VA nominee, running for Texas congressional seat

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Jackson is at least the 13th Republican to jump into the race to replace retiring U.S. Rep. Mac Thornberry, R-Clarendon.

Ronny Jackson, the former White House doctor and President Donald Trump's onetime nominee to be secretary of veterans affairs, is running to replace retiring U.S. Rep. Mac Thornberry, R-Clarendon.

With hours until the filing deadline, Jackson, a former Navy rear admiral, arrived at the Texas GOP headquarters in Austin on Monday afternoon to submit paperwork for the seat.

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2020 Election

WATCH LIVE: House Judiciary Committee holds second day of hearings on the impeachment of Donald Trump

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The Democratic-led House Judiciary Committee takes up the impeachment of Donald Trump again on Monday morning, with lawmakers expected to hear evidence against the president that could lead to a Senate trial for high crimes and misdemeanors.

Monday's hearing will include opening arguments "made by Barry H. Berke for the committee Democrats and Stephen R. Castor for the Republicans. Daniel S. Goldman, the Democratic counsel for the House Intelligence Committee, will then present the evidence for impeachment, and Mr. Castor will present the evidence against it. Judiciary Committee members will then ask questions," reports the New York Times.

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