John Podhoretz, the now-underemployed former writer for The Weekly Standard, said Wednesday that he was disappointed when the New York Stock Exchange rallied back from its losses early in the week. Why would a conservative pundit be rooting for recession – or even a bear market on Wall Street? Well, because it might help usher in the Impeachment of Donald Trump, of course! After all, it’s better for a NeverTrump critic to be proven “right” than for the economy of the United States to soar.
“How many people’s hearts sank when they saw the Dow went up 1,000 points because they really hoped Trump had plunged us into a bear market that would cause GOP legislators to turn on him and support removal after impeachment?” Podhoretz wrote the day after Christmas.
Gee, it was probably just you, John. You and, perhaps, a few malcontent, independently-wealthy columnists at The New York Times. Other than that, we’d imagine that most Americans were quite pleased to see the market make a comeback. Even if we’re still a little nervous about where this rollercoaster is headed.
Legislatively speaking, of course, the Democrats will not need even a single Republican to go along with impeaching the president after they take control of the House. But to actually remove him from office, they would need at least 20 Republicans in the Senate to switch sides and vote with the entire Democrat representation in the upper chamber. And we’d have to guess that it would take a hell of a lot more than a downswing in the stock market to make that happen. After all, there is actually no legitimate reason to impeach President Trump. Not sure a bear market would change that calculation considerably.
But we’ll assume that Podhoretz was just trying to be “controversial” and impress his buddies at MSNBC, where he’ll need some steady work now that his NeverTrump magazine is out of business. Perhaps he should reflect on the possibility that it was comments like these – rooting for Trump’s failure at the expense of the entire country – that caused readers to flee the Weekly Standard in droves.