Armstrong Economics Blog/Politics
Re-Posted Apr 14, 2017 by Martin Armstrong
QUESTION: Wasn’t Andrew Jackson impeached or they began impeachment proceedings because he moved all funds from the Bank of the United States to his pet banks? Do you think they can impeach Trump as they keep yelling about?
ANSWER: Andrew Jackson drew a censure resolution from the Senate over his actions in opposition to the Second Bank of the United States. When he moved the federal government’s deposits to state-chartered banks in defiance of Congress’ wishes, he triggered a financial panic. As President Andrew Jackson began to remove money from the Bank and deposited it in the so-called “pet banks”, the Senate voted to officially censure him in 1834. Jackson filed a protest with the Senate, saying the Bank’s abuses of power made it his “duty” as chief executive to rid the country of the Bank. He carefully ended with an appeal to the people, explaining anew his reasons for opposing government monopolies and saying that he was proud of his actions.
Andrew Johnson was against being hard on the South and opposed the Radical Republicans who demanded the South be punished. During the mid-term election, the Radical Republicans gained more seats and nullified any possible veto of Johnson. Here is a ticket to that impeachment proceeding. In those days, it was like going to watch a movie.
On February 24, 1868, for the first time in American history, the United States House of Representatives impeached a sitting president, Democrat Andrew Johnson. At that time, Johnson faced trial before the U. S. Senate. The House formally agreed to the articles of impeachment on March 2, 1868, and forwarded them to the Senate, which in the end, could not get the 2/3rds majority to convict and remove him from office.
Any impeachment of Donald Trump does not seem remotely possible. It would take two-thirds of the Senate and there is no way that can be accomplished at this time. Beside, you can only impeach a president for something he has done in office – not before