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Trump vows coronavirus-wrecked economy will 'bounce' back despite record joblessness
President Trump on Thursday predicted a "big bounce" as he argued the U.S. economy will recover quickly from the massive hit it has taken because of the coronavirus pandemic – nearly 17 million Americans losing their jobs in just the last three weeks.
President Trump on Thursday predicted a "big bounce" as he argued the U.S. economy will recover quickly from the massive hit it has taken because of the coronavirus pandemic – nearly 17 million Americans losing their jobs in just the last three weeks.
As he teased possible deals to aid the ailing airline and oil industries, Trump said he was confident the flagging U.S. economy would come back from the drubbing it has taken since being effectively shut down as part of efforts to combat the pandemic.
“The economy is just going to do very well,” Trump said at the daily White House news briefing by the coronavirus task force. “I think we’re going to have a big bounce. … We’re going to open up very strong.”
Trump’s optimism was tempered by a third straight week of unemployment numbers as 6.6 million more Americans filed jobless claims. Those numbers now mean about 10 percent of working Americans have lost their job in the last three weeks. Click here for more on our top story.
Other related developments:
- AOC, Omar call for removing ‘profit motive’ from US coronavirus decisions, ‘nationalizing’ health care
- Bill Gates: Schools may reopen in fall but no one can ‘wave a wand’ to fix US economy
- AOC, Omar call for removing ‘profit motive’ from US coronavirus decisions, ‘nationalizing’ health care
- Bill Gates: Schools may reopen in fall but no one can ‘wave a wand’ to fix US economy
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