The House impeachment investigation against President Donald Trump is all about the economy, Newsmax CEO Christopher Ruddy told Newsmax TV on Monday.
"This economy is the best economy in 30 years," Ruddy told host John Cardillo on "America Talks Live" in an interview, referencing the insights of Yale economist Robert Shiller.
"He's not known for being a Republican," Ruddy said. "An incredible mind."
Shiller, a Nobel laureate, told CNBC over the weekend that a recession might be years away because President Trump was creating an environment conducive to strong consumer spending — a major force that should hold off a recession.
However, Shiller cautioned that the president must get beyond the Democratic impeachment inquiry before the nation's financial markets took off.
"He says Donald Trump is single-handedly defeating the idea of recession, because he's such a strong advocate for the economic expansion," Ruddy told Cardillo of Shiller's forecasts.
"The public has a lot of confidence, the business community and the consumers.
"The Democrats are a wrecking ball to this," he observed. "They do not want this to continue.
"You'd think they'd want to support the idea of economic expansion and low unemployment?"