Do we feel lucky?
The Democrats should be asking themselves just that — in the same way that Clint Eastwood’s Detective Harry Callahan character posed the question to a street punk in the 1971 classic “Dirty Harry.”
The Dems have been pressing hard for a thorough investigation of President Trump — but that effort could easily backfire on them.
It’s a question Wall Street and Main Street should also ponder.
Wall Street has been mostly ignoring the Beltway banter so far this year — and still hopes that a huge tax reform plan will be passed soonish and that a $1 trillion infrastructure plan will begin this year and that the two, paired with a regulation rollback, will spark a serious revving of the US economy.
How else do you explain that despite the possibility that there is an active criminal probe of the president — and that the US and Russian military forces are at each other’s throats in Syria and job growth continues to be anemic — the Dow Jones industrial average has climbed 17 percent since Election Day?
Main Street loves all these new market all-time highs. Second-quarter 401(k) statements will arrive soon, and millions of Americans will look at the numbers and feel a lot wealthier.
The Dems pressing for a Trump probe can undo all that. Here’s how:
Last summer, I tried to get the Dems to realize that they were heading for disaster with Hillary Clinton.
If they had picked someone else — almost anyone else — Trump would not be president right now.
One of those bad things I saw hurting Clinton — if you can count 30,000 missing e-mails as a single thing — was the fact that the Russians had stolen Clinton’s password and had obtained her private messages over many years.
Trump’s opponents are determined to find something illegal that he did and — in their dream of dreams — drive him from office.
They tried to prove Trump and his associates colluded with the Russians in swinging the election, but that theory seems to have been shot to hell. Now, they are going with the long-shot plan to prove the president obstructed justice.
But what isn’t so unlikely is this: that the obstruction case the Democrats are trying to build against Trump will come back to haunt them. And the main reason it might blow up? Clinton’s e-mails.
Several intelligence organizations still have possession of the e-mails, including the National Security Agency, I’m told.
Only Hillary knows what is in those e-mails, but you can bet they aren’t all about yoga class and daughter Chelsea’s wedding — as she has contended.
Robert Mueller was picked to be the special counsel in the Trump probe. And he may view his mandate narrowly.
But since ousted FBI boss James Comey has already mentioned that former Attorney General Loretta Lynch tried to get him to play down the probe of the missing e-mails, it’s not too farfetched to think that Mueller will wander into that area of investigation.
And those e-mails will probably make a surprise appearance.
Even if Mueller isn’t cooperative, there is nothing to prevent Trump from requesting the Justice Department hire a second special counsel, for Clinton.
If this happens, investors should duck.