Jack Welch Warns: "An Impeachment Proceeding Would Blow The Market Away"

Tyler Durden's picture

Appearing on CNBC's Squawk Box this morning, the former CEO of General Electric, Jack Welch, offered some rather ominous market predictions in the event of a Trump impeachment:

"An impeachment proceeding would blow the market away."

And while he doesn't seem to be in the impeachment camp, Welch also took aim at Trump saying that he's "on the right agenda" but has "crappy management practices."

Welch also said Trump's firing of James Comey as FBI director was a "rookie mistake." He added, "You don't make any friends doing it the way [Trump] did it."

 

"I think without question we have a guy that's on the right agenda with crappy management practices," Welch said, giving the president a "D minus" on his management skills.

Meanwhile, in a comment that won't earn him any new friends with his former employer, Welch also weighed in on the non-stop witch hunt for Trump's alleged collusion with Russian officials to throw the 2016 election, saying that "Democrats and the press are tearing the fabric of this economy apart."

Forward to the 1:25 mark for the relevant comment:


Of course, the market's reactions to Trump's missteps so far would seem to confirm Welch's sentiments...

 

...even though we suspect it won't matter much to liberals in Congress and/or the disaffected Hillary voters who are ramping up usage of the "I" word before they've even seen the alleged "Comey memos."

 

Tune in below for the Welch interview:

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NotApplicable's picture

Oh NOES, there goes the facade!

froze25's picture

He's right but the Dems and the Press don't give a rats ass because that is what they want.

barndoor's picture

The Art of the Schlemiel?

Manthong's picture

There must be a whole bunch of conflicted lobbyists on K Street right now.

jcaz's picture

Jack wandered away from the home again-  he needs his hot wife to come over to my house and blow me away...  Unfortunately, I'd have to insist that she keeps her mouth shut, spoiling half my fun....  Maybe a third, on second look....

GUS100CORRINA's picture

Jack Welch Warns: "An Impeachment Proceeding Would Blow The Market Away"

My response; I AGREE COMPLETELY!!!! AMERICA WILL COME UNDONE!!!!

I THINK ANOTHER 2000+ POINTS of DOW DOWN SIDE WILL MAKE THE POINT.

LET THE SELLING BEGIN!!!! DEMOCRATS, YOU ARE ABOUT TO WITNESS YOUR FINAL DEMISE!!!

MalteseFalcon's picture

There will be no impeachment.

The economy is toast in any case.

I want Trump in charge when it is time to repair it.

Squid Viscous's picture

she was kind of hot back when he still had his own teeth,

many moons ago

FrankieGoesToHollywood's picture

"I bet you were something before electricity..."

sgt_doom's picture

Crap!  I want his better looking ho-mistress to blow me, and then I will offshore her butt to places unknown!

CJgipper's picture

The dems and press are bent on tearing society apart.  Tearing the economy apart is just a fortunate side effect to them.

Bunga Bunga's picture

... calling Janet Yellen

(it was the plan from the beginning)

yogibear's picture

What market Jack? It's all controlled by the central banks now.

Hitlery_4_Dictator's picture

Trump will get impeached....

Just like Trump will never get 1st place in state primaries.....

Just like Trump will never get the GOP nomination

Just like Trump will fail in the debates....

Just like Trump will never get the elctoral college votes....

Just like Trump will never beat Hillary...

 

Fake Trump's picture

Just like Trump he is a great bullshiter.

847328_3527's picture

Woof Shitzer just said "Trump has a 98% chance of being impeached."

lol

meditate_vigorously's picture

The USSA Oligarchy needs to be taken down. Since they appear to be exempt from the rule of law, how else can their power be checked?

Winston Churchill's picture

Poison is traditional, followed by beheading and hanging.

All followed by a trial in absentia.

No Time for Fishing's picture

Hire a new Sheriff that won"t honor that exemption. Obama/Hillary out Trump in Step 1 done. Holder/Lynch out Sessions in Step 2 done. Comey out .... In . Step 3 in progress. 

espirit's picture

 

By herding them into their protected enclaves, and torching the basterds.

 

Toronto Kid's picture

Deleted 'cause I decided to stop being a child ...

give me liberty or....'s picture

Certain patriotic segments of the US military need to execute their oath to defend the Constitution against 'domestic enemies' of which the deep state is. Arrest them, try them and execute them. 

VD's picture

"MARKET" does not equal ECONOMY

 

 


NugginFuts's picture

wait weren't they saying last week that the market would bounce 5% if they impeached him? Can we make up our minds yet?

No Time for Fishing's picture

The markets spoke when he won, the markets are speaking as he is being attacked. No matter what some liberal may claim in some so called newspaper the Market has Spoken their opion of Trump and his Agenda. 

Automatic Choke's picture

"can't we make up our minds yet?"

not till after it happens, then we will all have been right.

BaBaBouy's picture

B for Bullish ...

chosen's picture

Well, it would be a buying opportunity.

tmosley's picture

You can't manage a company whose middle management is full of traitors that are short the stock.

espirit's picture

 

Nice analogy. +1

 

HRClinton's picture

Nor when Middle Management is not replaced or even disciplined.

Feckless leadership. All talk, all bluster, all bark, but no bite. 

Georgiabelle's picture

Exactly, perfect analogy. I expected that there would be a learning curve for Trump and was hoping that he would fill his administration with experienced people and would delegate the details to them, focusing his attention on implementing his "big agenda".  I also expected that the left, the deep state, and the msm would do everything they could to subvert his presidency. What I didn't anticipate was the continuous flood of leaks and outright treasonous behavior from within the administration, the Congress and, most shockingly, from the intelligence agencies. I had no idea how thoroughly captured and corrupted the intelligence agencies are, nor did I realize that they are not just part of the globalist deep state, they are actually the hub of it all.

I think that the regular people out there now realize what Trump has been up against, and while they recognize that Trump has made mistakes or at least has handled some things badly, they see through the hyperbole of the left and their msm allies. Nothing Trump has done or said rises to the level of a crime or behavior meriting removal from office. We were paying attention when Obama and his administration said and did much worse, including leaks that got people killed ( I'm looking at you Joe Biden, Victoria Newland and Leon Panetta.).

Here is a warning to the left and the msm from a regular, law-abiding person in fly-over country: If you take down our president based on these specious and, frankly, "trumped-up" charges, you will incite a civil war that will be the end of this country. We see who you are and what you are willing to do for money and power. Now you will see who we are and what we are willing to do to preserve our country, for ourselves and our posterity.  

 

zzzz88's picture

jack, please do not insult the word of MARKET. 

there is no MARKET,it is even worse than a casino,

IridiumRebel's picture

Obama funds terrorism, gives illegal funds to Iran, gives guns to drug gangs.....much more.
Trump says, "dude, I hope this wraps up quickly"

It's blatant. It's wrong. There will be consequences.

Juggernaut x2's picture

"Trump and traitors in Congress give illegal payments of US taxpayer funds and US weapons systems to Israeli terrorists" is correct

el buitre's picture

I am no friend of our Manchurian Mulatto, but he did not "give" illegal funds to Iran.  As part of the "deal," he simply returned Iran's money and assets that had been in American banks or bonds in 1980 and which were seized illegally by the US government.  With 27 years of inflation, Iran still did not make out very well.  OK.  Now for the down votes :-)

Anarchyteez's picture

How bout SETH RICH????

What would exposing his murderer do to the markets???

apike3137's picture

hurry up, we shit the bed with this chump...blame the Democrats!

 

you guys think rape victims deserved it because they dress slutty?

 

 

Squid Viscous's picture

this old fool who almost single-handedly ruined GE??

lol, go fuck yourself and your money grubbing whore wife,

fucking asshole guy,

"I'll take GE Capital for ...negative 30 billion, Alex!"

29.5 hours's picture

Mr. Welch, irrespective of your opinion of Trump, I respectfully invite you to burn in hell. You and your kind are part of the problem.

small axe's picture

we're supposed to listen to these pearls of wisdom from "the man who destroyed GE" and constructed that house of cards, GE Capitial ?

http://www.businessinsider.com/the-man-who-destroyed-ge-2009-3

 

 

roadhazard's picture

I'm surprised Jack Welsh can find his shoes in the morning anymore.

29.5 hours's picture

He has people to handle that chore.

JohnGaltUk's picture

Wise words from a young punk or a socialist

roadhazard's picture

Thanks I'm probably older than your dad. I'm an Atheist so I guess that makes me a Commie.