And just like that, Trump may have avoided near certain political doom.
As news was breaking that the DOJ had named a Special Counsel for the Russia probe, a move that will substantially ease political tensions on the Hill (and is a move which the administration would almost certainly not have allowed if it had anything material to hide), another major hurdle for Trump dissolved this afternoon, when one of the biggest “risk-factors” behind a potential Trump impeachment was removed.
Recall that in its initial analysis of the biggest risk factor facing Trump, Height Securities’ Peter Cohn said to keep a close eye on just one republican: John McCain.
Cutting to the chase, Cohn writes that ending Trump’s viability as president “depends on Republicans turning against him”, as impeachment proceedings can only begin with the majority party, and the 25th Amendment (allowing for president’s removal when unable to discharge powers/duties of his office) can only be invoked by Congress and/or vice president, majority of Cabinet.
What will Height be closely watching to see if the Trump drama enters a potentially terminal phase: the main catalyst is whether Sen. John McCain, chairman of Armed Services Committee, begins calling for Trump’s resignation, as U. S. national security issues may increase concern among Republican voters.
This post was published at Zero Hedge on May 17, 2017.
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