President Trump is certain to avoid removal from office when the Senate holds its trial early next year pursuant to articles of impeachment. Not only that, he is likely to win a second term as chief executive, because incumbents seeking reelection who avoid recessions invariably prevail. This is good news for the defense industry, which has benefited handsomely from Trump’s investment-heavy military buildup. Life for military contractors will gradually grow harder as military outlays level off in the years ahead, but compared with how Democratic candidates for the presidency are likely to treat defense, Trump is a godsend for America’s arms makers. I have written a commentary for Forbes here.
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