Trump Touts ‘Rocket Ship’ Recovery. Does That Mean Next Stimulus Is Dead?

Trump Touts ‘Rocket Ship’ Recovery. Does That Mean Next Stimulus Is Dead? Friday’s jobs report was a complete stunner. The economy added 2.5 million jobs in May, the Labor Department announced,

Smashing expectations of millions more job losses, and the unemployment rate fell to 13.3%, down from 14.7% in April. President Trump hailed the numbers, touting them as an indication of a strong economic rebound from .

The coronavirus pandemic, a salve that would heal the racial tensions on display across the country over the last week and “affirmation of all the work we’ve been doing, really for three and a half years.” “Today is probably, if you think of it, the greatest comeback in American history,”

Trump said at a hastily arranged news conference in the White House Rose Garden. Trump celebrates ‘a very big day for our country’: “This is better than a V,” Trump said about widespread prognostications about whether the economic recovery would be shaped like a V .

A U, a W or even a Nike swoosh. “This is a rocket ship. This is far better than a V.” The president spoke for nearly an hour, and his rambling remarks covered a lot of territory a victory lap centered around the jobs numbers and how they could fix what seems broken in the country, including the protests sparked by the killing of George Floyd in Minneapolis police custody.

“Hopefully George is looking down right now and saying, ‘This is a great thing that’s happening for our country.’ This is a great day for him. It’s a great day for everybody,” Trump said. What does this mean for the next coronavirus relief bill? Trump said Friday that he’ll still pursue additional stimulus money, “despite the numbers and how good they are.”

 

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