Trump: 'We're Currently Witnessing the Fastest Economic Recovery in American History'
President notes improvements in the stock market despite the coronavirus pandemic
President Donald Trump said, despite the ongoing coronavirus pandemic, the United States economy was recovering quickly.
During a press conference at his club in Bedminster, New Jersey, Trump said:
“We are currently witnessing the fastest economic recovery in American history."
Trump revealed that auto sales were setting new records, industrial production rapidly increasing, and retail spending up.
The President also noted improvements in the stock market despite plunges amid the pandemic.
Trump also promised ongoing economic growth, a higher GDP rate, and lower unemployment rates.
“I think you’ll see it over the next two months, and you will have a good report prior to the election,” Trump said.
Trump said that despite many signs that showed the economy was improving, the Democrats were still trying to hinder its progress.
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“I think the Democrats are going out of their way to stop these kinds of numbers,” he said.
“They don’t like these kinds of numbers because they think it will hurt them in the election, I think we all have to pull together.”
The President also noted that China was making large purchases of corn, soybeans, and even cattle in the last days.
“They’re doing that to keep me happy, but they’re dreaming about Joe Biden, they would love to have that happen,” Trump said.
Trump added that although the economy was on the right path, he warned the if Democrats took the presidency in November and increased taxes, the country would suffer greatly in 2021.
“If stupid people aren’t elected next year, we’re going to have one of the greatest years we’ve ever had,” he said.
Trump predicted in April that the US economy would have a "big bounce" back after suffering from the coronavirus crisis.