It may seem like California billionaire Tom Steyer’s “Need to Impeach” campaign is farfetched.
But, in fact, he has drawn more than 5 million people to sign a petition to oust President Trump from office, a move that, maybe surprisingly, has rattled both Republicans and Democrats.
“I believe this year we’re in a struggle...for the soul of America,” Steyer told Cheddar Monday.
The hedge fund manager launched “Need to Impeach” in October, funding the cause out of his own pocket.
It revolves around what he calls Trump’s eight “impeachable offenses,” including obstruction of justice for firing former FBI Director James Comey and advocating violence for siding with neo-Nazis at the Charlottesville, Va., protests last year.
“I think that this is a lawless president,” said Steyer. “He’s somebody who from the very beginning had no respect for the rule of law.
“He’s a dangerous president, in the sense that he put our democracy at risk.”
Much of Steyer’s campaigning has been geared towards voters aged 35 years or younger. He hopes the strategy will ramp up pressure on lawmakers going into the November midterm elections to talk about the issue.
“People under 35 are the largest age cohort in American history. They vote at approximately half the rate of other citizens...and our attitude is if they don’t participate in our democracy, we don’t have a successful democracy.”
He points to the success of the student survivors of the Parkland, Fla., shooting as an example of younger voters determining the political conversation.
But impeaching Trump would be a massive undertaking, requiring both bipartisan support in Congress and a strong legal case.
There has never been an instance in U.S. history where an impeached president was removed from office. Only President Andrew Johnson and Bill Clinton have ever been impeached. President Nixon resigned before he could be impeached and voted out of office by the Senate.
Steyer’s determination to pour his time and money into this campaign has given rise to questions of whether he himself will be running for President in 2020.
But Steyer says he isn’t thinking that far ahead.
“I’m not looking past November 6th, 2018, because I don’t know what’s going to happen [then].”
For the full interview, [click here](https://cheddar.com/videos/the-man-behind-the-need-to-impeach-campaign).
2021 saw markets continue to be impacted by the onslaught of the coronavirus pandemic -most recently in the form of the Omicron variant- in addition to the global supply chain shortage, and increased inflation. But it wasn't all bad news, as crypto soared throughout the year, and meme stocks continued to have a moment. With the year coming to a close, investors are keeping an eye out to see if they should expect more of the same in the new year. Chris Vecchio, Senior Analyst, at DailyFX tells us what market trends to be on the watch for in 2022.
Matt Hayden, vice president of govtech solutions at Exiger and a former assistant secretary of cyber at Department of Homeland Security, joined Cheddar to discuss the surprise phone call initiated by Russian President Vladimir Putin to President Joe Biden, ahead of January security talks about the rising tensions over Ukraine. "We're hoping to hear that we're able to talk about the aggression and the leadup of the Ukrainian militarization," Hayden said. "But we're also looking to hear is how the Kremlin leveraged their talking points to try to test their negotiation stance with the United States leading into this January 10th meeting."
The No Surprises Act begins implementation on January 1, 2022. The legislation is meant to curb the practice of unexpected billing for care from providers the patient was unaware were out-of-network from their insurance. Patricia Kelmar, director of health care campaigns for U.S. PIRG joined Cheddar to describe the hundreds, sometimes thousands, of dollars charged to unsuspecting patients and how things will change under the new law. "If we are picking an in-network doctor and an in-network hospital, we should not see those added costs from anesthesiologists, radiologists, scrub-in surgeons," she said. "The other area it protects you is in air ambulances — not ground ambulances, unfortunately — but the helicopters or the airplanes you might need to transport you in an emergency situation."
President Joe Biden and Russian President Vladmir Putin are expected to have another conversation surrounding escalating tensions between Russia and Ukraine. Ariel Cohen, senior fellow at the Atlantic Council, joined Cheddar's Ken Buffa to discuss the ongoing tensions and why Putin's request for a conversation with Biden comes now. "This is very serious. This is the worst security crisis we had since the collapse of the Soviet Union," Cohen told Cheddar.
Stocks closed mixed on Wednesday, but two indexes - the Dow and the S&P 500 - ended the session with a new record. Akshata Bailkeri, Equity Analyst at Bruderman Asset Management, joins Cheddar News' Closing Bell, where she says there is a consensus for robust consumer spreading in 2022, especially as the Omicron variant is proving to be milder than other COVID-19 strains.
