President Donald Trump began a lengthy monologue at his press conference on Wednesday by touting the US economic benefits after the coronavirus hit – including doing better economically than other countries with far fewer infections.
The president presented a series of charts, including one showing a ‘higher excess mortality’ among other countries, after touting a daily gain in the Dow Jones industrial average.
“The stock market is up nearly 300 points again today,” Trump said, referring to the index.
He said the US was “doing much better than Europe.” He pointed to a chart showing US stocks leading in Europe, Japan, China and other countries.
President Donald Trump waved charts during his briefing on Wednesday, saying the contraction in the US economy was “ much less severe than our colleagues ”
“The stock market recovery signals a V-shaped recovery stronger than our competitors around the world,” Trump said. “We lead the world.”
Excess mortality is a statistic of the total number of deaths compared to the same time in a previous period.
He said the economic contraction in the US as a result of the pandemic was “much less severe than among our colleagues.”
The virus-induced economic contraction in the United States has been much less severe than our colleagues and peers, ”he said. “Despite the fact that we have done more tests than any other country in the world,” he said.
“Despite all these factors, the most superficial contraction, which is a big deal,” he said.
He joked that if reporters wanted to “leave the room early” to report on the up-beat stats, “that would be fine.”
He also pointed to a job winning chart, although it did not show that the US had failed to regain all the millions of lost jobs after the virus hit.
As he has done throughout his tenure, Trump praised the US stock market
Trump bragged that the US had the “shallowest contraction.”
“ There’s a reason it has hit America worse than any other advanced country, it’s because Trump hasn’t taken it seriously from the start, ” Senator Kamala Harris said in Wilmington on Wednesday.
Trump used the visual aids one day when Joe Biden first appeared with new running mate Kamala Harris
‘There you are. Look at that. That’s a record and it’s a record for the quarter, ”Trump said.
The UK economy tanked in the second quarter and set a record, with the example being a 20 percent decline in GDP.
Trump brushed off what he called a “ wise man question ” when a reporter noted that the US is leading the world in coronavirus cases. The US has surpassed 5 million infections, with about 20 million cases.
‘I just went through the whole thing. We’re doing better than almost anyone with the economy, ”Trump said.
He said there were “massive outbreaks” in other countries that the media has praised. Countries like Germany and South Korea have seen increases, but not on the scale that the US can tolerate.
He then accused the Democrats of not wanting to relax the incarcerations and restrictions in order to hurt him politically.
“Democrats may not want to open up their states for nothing,” 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 card-laden defense came after Joe Biden’s new running mate, Senator Kamala Harris, outloaded the president over his reaction to the coronavirus.
“There’s a reason it’s hit America worse than any other advanced nation, it’s because Trump hasn’t taken it seriously from the start,” she said in Wilmington after Biden introduced her.
She condemned Trump for “delusional that he knows better than the pundits” and “complete chaos over when and how to reopen our schools.”
The number of Americans filing for unemployment benefit was said to be the worst in history data last month.