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: