President Donald Trump began a lengthy monologue at his press conference on Wednesday, touting US economic gains after the coronavirus hit – including a better economic situation than other countries with far fewer infections.
The president presented a series of charts, including one that showed “higher excess mortality” among other countries, after touting a daily gain in the Dow Jones industrial average.
“The stock market has risen another nearly 300 points today,” Trump said, referring to the index.
He said the United States was doing “much better than Europe”. He pointed to a chart that showed US stocks leading Europe, Japan, China and other countries.
President Donald Trump waved charts during his briefing on Wednesday and said the contraction in the US economy was “much less severe than it was among our peers”
“The stock market rebound signals a V-shaped recovery, stronger than our competitors around the world,” Trump said. “We run the world.
Excess mortality is a statistic of the total number of deaths compared to the same period in an earlier period.
He said the contraction of the US economy due to the pandemic was “much less severe than it was among our peers.”
The virus-induced economic contraction in the United States has been much less severe than it was among our peers and peer countries, ”he said. “And this despite the fact that we have performed more tests than any other country in the world,” he said.
“Despite all of these factors, the shallower contraction, which is a big deal,” he said.
He joked that if reporters wanted to “leave the room early” to report the optimistic statistics “that would be good.”
He also referred to a chart of job gains, although he did not show the United States had failed to recoup all of the millions of jobs lost after the virus.
As he has done throughout his tenure, Trump has touted the US stock market
Trump boasted that the United States had the ‘shallowest contraction’
“There is” a reason it has hit America worse than any other advanced country, it is because of Trump’s inability to take it seriously from the start, “Senator Kamala Harris said Wednesday. in Wilmington.
Trump used visual aids one day Joe Biden first appeared with new running mate Kamala Harris
‘There you are. Look at this. It’s a record and it’s a record for the quarter, ”Trump said.
The UK economy fell in the second quarter, setting a record, with a 20% drop in GDP, for example.
Trump brushed off what he called a “wise man’s question” when a reporter noted that the United States was leading the world in coronavirus cases. The United States has passed 5 million infections, with around 20 million cases.
“I just went through everything. We are doing better than almost everyone with the economy, ”Trump said.
He said there had been “massive epidemics” in other countries, which the media praised. Countries like Germany and South Korea have seen increases, but not at the United States level.
Then he accused Democrats of not wanting to ease lockdowns and restrictions to hurt him politically.
“Democrats, maybe for a reason, don’t want to open their states,” Trump said. “They just want to keep these people in their homes, in their prisons,” he said, saying it was for “political reasons”.
“They want to look as bad as possible on November 3,” he said.
Trump’s laden defense came after Joe Biden’s new running mate, Senator Kamala Harris, unloaded the president over his coronavirus response.
“There is” one reason it hit America worse than any other advanced nation, and that is because of Trump’s inability to take it seriously from the start, “she told Wilmington after Biden introduced her.
She criticized Trump for having “the illusory belief that he knows better than the experts” and “complete chaos over when and how to reopen our schools.”
The number of Americans filing for unemployment was the worst in history, according to data last month.