Jim Young/Reuters
The odds
that Donald Trump will be impeached during his first term as president
reached a new high following the disclosure that his son, Donald Trump Jr.,
arranged a meeting with a Russian government attorney to discuss what was
purported to be information that could be used against election rival Hillary
Clinton. The disclosure comes amid a widening investigation into possible ties
between the Trump campaign and Russia, which the president has repeatedly
labelled a “hoax.”
The latest
wave of news led Irish bookmaker Paddy Power to dramatically cut its odds on
Trump being impeached before seeing out four years in office. Following news of
the meeting, the odds were set at 4/6, the shortest they have ever been. For
someone looking to make money off the current political crisis, a $1 wager
would earn just 67 cents in return if Trump is impeached. More pointedly, the
odds equate to a 60 percent chance that Trump will become the first
United States president to be successfully impeached by both the House of
Representatives and the Senate.
“He’d gone
quiet over the last month, and we were starting to wonder if he might have
ridden out the initial controversies—but he’s back with a bang today, and this
could be the beginning of the end of the most unlikely president in history,” a
spokesman for Paddy Power said Wednesday.
The
bookmaker has cut its odds of Trump being impeached in 2017 to just 2/1. a 33.3
percent chance.
Paddy Power
thinks the odds are stronger that the FBI investigation will officially confirm
collusion between Trump and Russia. It places those odds at 4/9, or 69 percent.
The past week has seen the emergence of arguably the
strongest evidence yet of collusion.
After
initial reporting on the meeting from The
New York Times, Trump’s eldest son released emails showing that he
knew the attorney, Natalia Veselnitskaya, was linked to the Russian government.
Following their release, Trump Jr. conceded to Fox News that “in
retrospect, I probably would have done things a little differently."
The president, however, has played down the seriousness of
the meeting.
“My son is a
wonderful young man. He took a meeting with a Russian lawyer, not a government
lawyer but a Russian lawyer,” Trump said, misstating the identity of the
lawyer, during a joint press conference with French President Emmanuel Macron
in Paris Thursday. “From a practical standpoint, most people would have
taken that meeting. It's called opposition research, or research into your
opponent.”
This is far
from the only Russia-linked problem Trump has faced. Last month, former
FBI Director James Comey claimed Trump asked him on multiple occasions to ease
an investigation into his former national security advisor, Michael Flynn.
Trump later fired Comey. The statements from Comey led to accusations that
Trump had committed obstruction of justice, an impeachable offense.
Two
Democratic congressmen subsequently said they were preparing articles of
impeachment against the president. On Wednesday, Representatives Brad Sherman,
of California, and Al Green, of Texas, made that a reality by filing House
Resolution 438.
The
Democratic leadership, however, has so far cautioned against openly calling for
Trump’s impeachment. In order for impeachment to be successful, it would
require a majority vote in the House and a two-thirds majority in the
Senate. Trump's Republican Party currently controls both houses.
Source: - Jason Le Miere, Newsweek Fri, Jul 14
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