The Trump administration has promised that the recovery following the COVID-19 lockdowns will be fast and furious as the economy re-opens.
According to a Monday report from Breitbart News, Vice President Pence told the conservative news outlet that the United States is now experiencing a V-shaped recovery and one that is far ahead of what most economic experts believed to be possible.
The shutdown
There is no denying that the economic affects of the shutting down the economy have been devastating for Americans across the country, particularly for those whose jobs must be performed in person but were not dubbed “essential.”
The lockdown was initially something that was deemed necessary to slow the spread of the virus.
Now, seven months into the pandemic, some state officials are still using lockdown measures, despite pleas from citizens and calls from President Donald Trump to re-open.
In a tweet on Monday, Trump again reiterated his call to ensure that “the cure is not worse than the disease.”
The World Health Organization just admitted that I was right. Lockdowns are killing countries all over the world. The cure cannot be worse than the problem itself. Open up your states, Democrat governors. Open up New York. A long battle, but they finally did the right thing!
— Donald J. Trump (@realDonaldTrump) October 12, 2020
The recovery
Despite a lack of cooperation from Democrats, Trump has vowed he would do everything in his power to get the economy fired back up and according to the data, that is what has happened.
In about four months, the Trump administration turned around record unemployment numbers to under 8%. “Almost no economist thought we would be under 8 percent before the end of the year. This is a V-shaped recovery,” Pence told Breitbart News.
He added, “I think the only thing standing in the way of 2021 being the greatest year in the history of this economy is the prospect of Joe Biden being elected president of the United States.”
On Monday, Trump again drew the distinction between what the economy will look like in the next four years under a Trump administration versus a Biden administration:
The Economy is about ready to go through the roof. Stock Market ready to break ALL-TIME RECORD. 401k’s incredible. New Jobs Record. Remember all of this when you VOTE. Sleepy Joe wants to quadruple your Taxes. Depression!!! Don’t let it happen! #MAGA
— Donald J. Trump (@realDonaldTrump) October 12, 2020
