President Donald Trump talked about the speed of the U.S. economic recovery, and attributed it to the strong legislative and structural foundations established during his administration, stating, “We are currently witnessing the fastest economic recovery in American history.”
This is evident when comparing the results of the U.S. performance with the lower figures obtained by other countries. Trump addressed the issue during a press conference at the Trump National Golf Club in Bedminster, New Jersey, on Aug. 15.
He specifically mentioned the records presented in used car sales, the increase in retail sales, and the rapidly increasing industrial production.
Trump added that another good result was seen in the recovery of the stock market, which had previously been hit hard by the CCP (Chinese Communist Party) Virus.
The behavior of the U.S. stock market was expressed graphically in a “V” shape, growing almost 50% since March, and presenting volumes of up to $9 billion. So said Trump at another press conference held at the White House on Aug. 13.
These results were much higher than those recorded in the financial markets of the United Kingdom, Japan, and China.
Based on his analysis, Trump predicted that the economy’s upward trend would continue, so even more positive figures were expected soon.
“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 also mentioned that tens of millions of jobs had been restored as a result of the measures taken by his administration.
“Through the historic relief package that I signed into law we saved over 50 million American jobs and the unemployment rate is rapidly going down,” he reported.
Among other issues, Trump took the opportunity to mention the improved protection measures for the elderly, and the harmful impact of the CCP Virus had on this group.
“We are focusing on aggressively protecting those individuals most at risk: those living in nursing homes and long-term care facilities make up less than 1 percent of the U.S. population, but account for nearly half of all deaths,” he said.