The house of Representatives passed the impeachment investigation procedure and the US stock market crashed. Trump was furious.

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 The house of Representatives passed the impeachment investigation procedure and the US stock market crashed. Trump was furious.


The peripheral market is not calm. Just now, the heavyweight Black Swan happened.

According to CCTV news, on the morning of October 31 local time, the US House of Representatives voted to pass the impeachment investigation procedure for trump. In the vote, 232 votes were for and 196 against. Us Speaker Pelosi announced the resolution.

What happened behind this? How many steps does it take to impeach the president of the United States? What is Trumps response? What is the impact on the market? Fund gentleman takes you to have a look.

The U.S. House of Representatives voted to impeach the president

On the morning of October 31 local time, the U.S. House of Representatives voted to pass the impeachment investigation procedure for trump. In the voting, there were 230 in favor and 196 against. Us Speaker Pelosi announced the resolution.

Trump said on social networking after the vote, this is the largest witch hunt in American history and said before the vote, impeachment fraud will only hurt the US stock market..

For weeks, the White House and congressional Republicans have criticized democratic led impeachment investigations for being opaque, unfair and authorized without a full House vote. The U.S. Department of justice appealed Fridays ruling by the Federal District Court in Washington, D.C., that the house of Representatives could conduct an impeachment investigation without voting.

Pelosi said earlier that the resolution would confirm the existing and ongoing impeachment investigations, stipulate the relevant public hearing procedures, authorize the provision of recorded texts, outline the procedures for the transfer of evidence to the judicial committee of the (house of Representatives), consider the possible impeachment provisions, and stipulate the due process rights of the president and his lawyers.

Pelosi announced on September 24 that the impeachment investigation of trump by the house of Representatives was launched because an intelligence source anonymously reported that trump asked the other party to investigate Biden and his son, the Democratic presidential candidate of the United States, during a phone call with President ZELINSKY of Ukraine in July. The Democratic Party accused trump of abusing his power for personal gain and seeking foreign forces to intervene in the US presidential election next year. Trump insists there is no exchange of interests with Ukraine.

On October 28, U.S. House of Representatives Speaker Nancy Pelosi announced that the house of representatives will vote this week on a resolution on impeachment proceedings against President trump.

Pelosi said in a letter to the federal representative that the house of Representatives does not need to conduct an impeachment investigation in accordance with the constitution, which aims to remove any doubt about whether the trump administration can detain documents, prevent testimony, ignore properly authorized subpoenas or continue to obstruct the house of Representatives (investigation).

What happened behind it?

The latest round of impeachment was sparked by a phone call that took place a few months ago.

Trump and the Ukrainian president held a telephone conversation in July 2019. US media said trump disclosed some secret information during the conversation and tried to force the Ukrainian government to investigate the former US Vice President Biden. His son was suspected of being involved in corruption cases in Ukraine.

On September 20, it was reported that trump had been confirmed by intelligence officials, saying that according to the monitoring records, trump had put pressure on President ZELINSKY of Ukraine eight times on the phone to investigate Biden and his second son, Hunter Biden, in order to suppress the opponent of the general election.

The incident received extensive attention from the US media, and even some media called Ukraines telephone door. Trumps critics accused him of using presidential power to bully Ukraine to gather adverse information about his political rival, Democrat Joe Biden. With the election approaching and the phone door fermenting, impeachment pressure from the Democratic Party is rising again.

According to U.S. media reports, trump himself admitted that talking to the president of Ukraine about investigating the remarks of former Vice President Biden was the reason for Pelosis decision.

In September this year, according to CCTV news, Nancy Pelosi, speaker of the U.S. House of Representatives, announced on the 24th that the Democratic Party is carrying out an official impeachment investigation on President trump. Pelosi said Trumps actions showed that he betrayed his oath, national security and electoral justice. So she announced that members of the house of representatives were conducting a formal impeachment investigation.

Trump and the Ukrainian president held a telephone conversation in July 2019. US media said trump disclosed some secret information during the conversation and tried to force the Ukrainian government to investigate the former US Vice President Joe Biden. His son was suspected of being involved in corruption cases in Ukraine.

I announced that members of the house of representatives will launch a formal impeachment investigation, Pelosi said at a press conference. I guided the six committees to continue the investigation on trump impeachment. The president must be responsible for what he did, and no one can override the law.

Pelosi said the Democratic controlled house would investigate whether trump sought Ukrainian assistance to discredit leading Democratic presidential candidate Biden.

Biden said on the matter, under the constitution, Congress has the right to access information. It should not be the president of the United States who obstructs the investigation. I think Trumps actions left Congress with no choice but to impeach, he said. Its a tragedy, but its his own.

Democratic presidential candidate and Senator Harris also expressed support for the impeachment investigation. Trump abused his power, interfered with the judiciary and violated his oath of office. He puts his political interests above our national interests. I agree with Pelosis decision that no one is above the law. He must be impeached.

In the history of the United States, only President Andrew Johnson in 1868 and President Bill Clinton in 1998 experienced formal impeachment procedures, but were acquitted. In 1974, Richard Nixon, who was involved in the Watergate incident, chose to resign early to avoid being formally impeached.

Trump: This is witch hunt

Trump said on social networking after the vote, this is the largest witch hunt in American history and said before the vote, impeachment fraud will only hurt the US stock market..

As of the publication, the U.S. stock index fell more than 200 points, the decline is expanding.

The dollar index also fell.

Trump denied any wrongdoing in response to the Democrats allegations, stressing that the cancellation of aid to Ukraine was due to the fact that other countries had not provided assistance to Ukraine.

After Pelosi announced the impeachment investigation, he replied:

The Democrats acted without even looking at the phone records. It was harassment of the president.. He also promised to release a call record with the Ukrainian President on July 25.

The White House also said in a statement:

Far from all the presidents work and achievements, House Democrats continue to focus all their energy on partisan political attacks, undermining any opportunity for legislative progress.

Their attacks on the president and his agenda are not only partisan but also deplorable. They are a violation of constitutional obligations.

How many steps does impeachment take in the United States?

Impeachment of the president requires three steps. The United States Congress consists of the house of Representatives and the Senate.

Second, the judicial committee of the house of Representatives formulates the impeachment clause, that is, specific impeachment charges. If more than half of the members of the house of representatives vote for impeachment, the impeachment bill will be transferred to the Senate.

Third, the Senate holds an impeachment trial, which is supervised by the chief justice of the Supreme Court. If more than two-thirds of senators think the president guilty, the president will step down.

To put it simply, impeaching the president is like a lawsuit. The house of Representatives is the prosecutor, the Senate is the court, and they vote on the final decision.

How likely is trump to be impeached?

The Chinese Communist Party and the party in the Senate are in the majority, and its hard to win more than two-thirds of the votes. In any case, Trumps chances of impeachment are small.

If the impeachment investigation is too hasty or the impeachment is not successful, there will be reaction force, leading to the public think that trump has been persecuted politically, which will let him get more sympathy votes in next years general election.

But if Trumps more crime gates are opened, it doesnt rule out that Republican lawmakers are turning away from the union to protect themselves. According to the latest polls, nearly half of Americans support impeachment and half oppose impeachment. In this extremely antagonistic and differentiated social environment, any result may be brewed.

Influence cannot be underestimated

According to the U.S. Constitution, if enough members of Congress vote to find the president guilty of treason, bribery and other serious crimes and misconduct, Congress can remove the president before his term of office expires.

According to relevant procedures, several committees of the house of representatives are responsible for impeachment investigation, and then submit the case to the judicial committee of the house of Representatives. If the investigation is found to be sufficient, the entire house of representatives will vote, and the president will be impeached as long as there is a simple majority support for an impeachment clause. The case was then transferred to the Senate, where two-thirds of the senators found the president guilty and the president dismissed.

At present, in the view of American public opinion, it is more a political decision than a legal decision to initiate the impeachment of trump. Democrats have a majority in the house of Representatives and enough votes to impeach trump. But the Senate is controlled by Republicans. As long as they are undifferentiated, trump is unlikely to be dismissed. However, the political influence of impeachment investigation process cannot be underestimated.

First, Trumps administration will be further constrained. The telephone gate incident affected the White House, the State Department, the Ministry of justice and other key institutions, implicated in foreign policy, national security and other important affairs, and also entangled with the presidential election. Analysts believe that part of the trump administrations efforts will be limited to impeachment investigations, and that the phone gate incident will be the main line of political struggle in Washington for some time.

Second, space for cooperation between the White House and congressional Democrats has been squeezed. The two sides had held some consultations and reached some consensus on the legislation of gun control and drug price reduction, but these cooperation results were overshadowed by impeachment investigation. According to White House press secretary Grisham, legislative progress has been destroyed..

In addition, impeachment investigation is bound to bring new variables to next years general election. Recent polls in the United States show that the number of respondents supporting Trumps impeachment has exceeded the number of opponents, but the overall support rate of trump has not changed significantly. Analysts believe that in the face of impeachment, Trumps hard core supporters will be more supportive of trump, but do not rule out that some Republican supporters have wavered, which poses double pressure on some Republican congressmen.

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