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).
Coming off a 2021 campaign where the prices of Bitcoin, Ether, and other cryptocurrencies reached unpreceded levels, Bitwise Asset Management CIO Matt Hougan and OpenNode Co-Founder & CTO João Almeida join Cheddar News' Crypto Craze: The Year of the Token to discuss the ways the crypto market can soar even higher in 2022.
The Cowboy State has become one of the world's top tax havens, according to the Pandora Papers, a trove of more than 11.9 million documents obtained by the International Consortium of Investigative Journalists and The Washington Post. The papers reveal, among other things, how ultra-wealthy people from around the world move money into the U.S., invest, and spend it under a shroud of secrecy. Allison Tait, University of Richmond law professor, joined Cheddar to talk about Wyoming's laidback tax laws, their impact on the nation's economy, and provided some details on the financial arrangement known as the "cowboy cocktail."
Carlo and Baker preview President Biden's address to the nation as Omicron becomes the new dominant Covid strain. Plus, Trump gets booed for getting his booster and the White House gets a new puppy.
China and Russia are saying they want to work closer together in different areas after a recent call between Presidents Xi Jinping and Vladimir Putin. What are the implications of a close partnership between Beijing and Moscow? Cheddar News breaks things down with expert Hagar Chemali.
Michele Schneider, Partner and Director of Trading Research & Education for MarketGauge.com, joins Cheddar News' Closing Bell, where she says the spread of the Omicron variant and Jerome Powell's comments following the latest Fed decision are spooking investors heading into the weekend.
Carlo and Baker wrap up another week discussing the latest explosion in new Covid cases in the Northeast, President Biden's stalled agenda and more. Plus, Love, Hate, Ate featuring the question: why did movie dialogue get so hard to understand?
Since July 2021, families with children have received monthly payments from the federal government as part of the expanded child tax credit, a policy that may be expiring this month. Megan Curran, policy director at the Center on Poverty and Social Policy at Columbia University, joined Cheddar News to discuss.
During the pandemic, student loan debt repayment was put on pause amid an unprecedented crisis. However, on February 1, 2022, the schedule is set to resume, and currently it looks as though the Biden administration has no plans to extend it. Cody Hounanian, the executive director of the Student Debt Crisis Center, spoke to Cheddar about why he believes the loan collection pause needs to at least be extended as borrowers are still struggling with the resurgent pandemic and inflation. "There's really no good economic or policy or political reason as far as why they're focused on getting payments started now," Hounanian said. "We surveyed 33,000 people with student loans last month. Nine out of 10 told us that they are not ready to resume payments."
