Well, they've gone and done it.
The Democrat-controlled House of Representatives has voted - completely along party lines - to approve articles of impeachment, which at some point will go to the Senate, where President Donald J. Trump will almost certainly be acquitted in what figures to be a very short trial, with few witnesses, if any.
The reason the trial will be of small duration is because the Democrats, via Adam Schiff's Intelligence Committee, and Jerry Nadler's Judiciary Committee, have already ginned up enough "evidence" of Mr. Trump's supposed "Abuse of Power" and "Obstruction of Congress," that the senators don't really need to see or hear anything else. What they have before them is so flimsy, devoid of substance, and charges the president with actions that are not even crimes, that they will hopefully turn the matter out in a few days. Anything longer-lasting will be just more mud-slinging at a president who has done nothing wrong, certainly nothing even remotely impeachable.
Wednesday, December 18, 2019, was a sad day for the rule of law in the United States of America. The Democrats, led by Speaker of the House Nancy Pelosi, have foisted upon the public a shameless exercise in partisan witch-baiting. The mainstream media deserves just as much public rancor as the House Democrats for not calling these partisan hacks out on their theatrics. This impeachment exercise has been and will continue to be a complete and utter waste of everybody's time. It will accomplish nothing, except possibly to finally rid the lower chamber of congress of the Democrat majority. In that regard, December 18 may end up going down in the history books of a glorious great day of change and retribution, dashing the Democrats into the dustbin of history.
Whatever one's politics, this impeachment fiasco never rose near to seriousness. It was always a goose-chase, a farcical enterprise foisted upon the public by rank amateurs who had nothing better to do with their times in office than to take out their frustrations in a most despicable manner. The Democrats may want to brand Republican supporters as "deplorables," but these cretins masquerading as respectable representatives of the public weal, are truly disgraceful. The sooner this all gets behind the American public, the better.
As far as a market reaction, there wasn't one, as the tiresome "debate" raged on in the House until after markets were closed for the day, though there might be some hint of derision come Thursday after the bell.
Trading has been sluggish, which it usually is in the "lull" week before Christmas, which took a back seat to politics this year. There isn't much with which to move markets. Everybody seems to want to head out of town for the holidays, sooner, rather than later, and who can blame them?
At the Close, Wednesday, December 18, 2019:
Dow Jones Industrial Average: 28,239.28, -27.88 (-0.10%)
NASDAQ: 8,827.73, +4.38 (+0.05%)
S&P 500: 3,191.14, -1.38 (-0.04%)
NYSE Composite: 13,799.21, +3.86 (+0.03%)
Thursday, December 19, 2019
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