Breaking News: Trump Impeached 3rd President in American History
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Breaking News: Trump Impeached 3rd President in American History - This is historic news join the conversation let's talk - RICH TV LIVE - DECEMBER 18, 2019 - Donald J. Trump
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@realDonaldTrump
Can you believe that I will be impeached today by the Radical Left, Do Nothing Democrats, AND I DID NOTHING WRONG! A terrible Thing. Read the Transcripts. This should never happen to another President again. Say a PRAYER!
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The daylong House debate featured Republicans like Rep. Doug Collins of Georgia, the top GOP member on the House Judiciary Committee, charging Democrats with trying to fulfill a goal originating in November 2016.
“You’ve been wanting to do this ever since the gentleman was elected,” said Collins.
Democrats rejected that argument. “We will clarify that in America, no one is above the law,” said Rep. Hakeem Jeffries of New York. Rep. David Cicilline of Rhode Island said, “this is not about making history, this is about holding a lawless president accountable.”
Another Republican, Rep. Barry Loudermilk of Georgia, likened the proceedings to the trial of Jesus Christ. “During that sham trial, Pontius Pilate afforded more rights to Jesus than Democrats have afforded this president in this process,” he said.
Pelosi formally opened the impeachment inquiry on Sept. 24. In a letter to the speaker on Tuesday, Trump said she and her party were “declaring war” on American democracy. Pelosi called the president’s six-page letter “really sick.”
Two Democrats — Reps. Jeff Van Drew of New Jersey and Collin Peterson of Minnesota — voted against the abuse-of-power charge. Van Drew is about to switch parties; Peterson hails from a district Trump won overwhelmingly and has said impeachment is a waste of time since the Senate is unlikely to remove him. Van Drew and Peterson also voted against the obstruction article, as did Jared Golden, a Democrat from a conservative Maine district. Hawaii Rep. Tulsi Gabbard, a Democrat running for president, voted “present” on both articles.
The vote on abuse of power was 230-197 and on obstruction of Congress it was 229-198.
As the House was debating Wednesday, the yield on the 10-year U.S. Treasury note TMUBMUSD10Y, -0.68% rose three basis points to 1.93% and the U.S. dollar DXY, -0.07% was up less than 1% against a basket of its major rivals.
“So far, impeachment has had essentially no market impact as traders do not expect the president will be removed from office,” said Chris Low, chief economist of FHN Financial, in a note.
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