Editor: Philip Ragner | Tactical Investor
Mass psychology states that it is imperative to acknowledge the forest while looking at the tree. In other words, emotions drive the markets, and you need to focus on what emotions Mass Media is trying to stir up to spot the next significant trend. With that in mind, we think you might find the following article to of interest
Trump’s support hasn’t collapsed
ew chief executives have been as alone as President Trump appears now — shunned by major business leaders, at odds with his party’s congressional leadership and deeply estranged from more than half the nation.
Polls taken in the past week, since Trump made comments that seemed to make excuses for neo-Nazi demonstrators in Charlottesville, Va., have shown the negative reaction.
But they’ve demonstrated something else as well: Like other embattled presidents, including even Richard Nixon at the height of Watergate, Trump continues to hold the support of a hard core of determined backers.
They are not as numerous as the group that voted for Trump in November; their ranks have eroded steadily since he took office.
Trump’s support, however, remains big enough to threaten Republican elected officials who might be tempted to openly break with the president. Potentially, it could also serve as a political base from which he could bounce back.
The latest evidence comes from three surveys done for NBC News that were released Sunday by the polling unit at Marist College in Poughkeepsie, N.Y. The surveys polled residents of the three states that put Trump over the top last year: Pennsylvania, Michigan and Wisconsin. Full Story
Here’s why Trump isn’t getting impeached this year
Although it is possible that Republican members of Congress could join with Democrats in calling for Trump’s removal, as we saw happen in the run-up to Nixon’s resignation over the Watergate scandal, today’s polarized political environment makes such an occurrence unlikely absent clear and convincing evidence of major wrongdoing.
While Nixon’s impeachment was likely inevitable, with Democratic majorities in both houses of Congress in 1974, today substantial Republican defections from Trump would be essential to any movement toward impeachment. Full Story
Jimmy Carter on Impeaching Trump
“I don’t talk about impeachment,” the Georgia Democrat told anchor Neil Cavuto in an interview on the Fox Business Network. “I think that’s the wrong thing for Democrats to do.”
“You know, I think the president has much less influence over the economy than is certainly publicized by the president himself,” Carter said. “But whenever the economy goes up, the president always wants to take credit for it. Whenever the economy goes down, the president wants to avoid responsibility. And I think it’s been that way in our country ever since we started.”
“I thought that President Trump made a mistake at first by not recognizing John McCain’s unquestioned commitment to our country in the Navy and as a prisoner of war and also in his service in Congress,” said Carter, who, like McCain, graduated from the U.S. Naval Academy in Annapolis, Md.
“And I think both his (Trump’s) critics and also his supporters made it plain to him that he had made a mistake when the flag was up and down and so forth,” Carter said. “But I think that his last statement that I read yesterday has basically corrected that and now the flag will be lowered in honor of John McCain’s service to our country until the appropriate time. So, I think the early mistakes that had been made have been adequately corrected.”
Other Stories of Interest
Did the Fed Screw up in raising rates; is inflation even an issue (Aug 10)
Electric Car Threat To Big Oil Wildly Overstated? (July 28)
1987 stock market crash: could it happen again? (July 13)
Dow Could Trade to 30K But not before This Happens (July 11)
Fake news & Weak Economy Can’t Stop Stock Market Bull (July 6)
