{"id":16361,"date":"2020-06-09T08:47:22","date_gmt":"2020-06-09T13:47:22","guid":{"rendered":"http:\/\/www.paristn.net\/articles\/?p=16361"},"modified":"2020-06-08T21:13:40","modified_gmt":"2020-06-09T02:13:40","slug":"remarks-by-president-trump-on-the-jobs-numbers-report","status":"publish","type":"post","link":"https:\/\/www.paristn.net\/articles\/2020\/06\/09\/remarks-by-president-trump-on-the-jobs-numbers-report\/","title":{"rendered":"Remarks by President Trump on the Jobs Numbers Report"},"content":{"rendered":"

\"TheWashington, D.C.<\/strong> – PRESIDENT DONALD TRUMP: Well, thank you very much. This is a very big day for our country. It\u2019s affirmation of all the work we\u2019ve been doing, really, for three and a half years. This isn\u2019t just over the last few months; this is for three and a half years.<\/p>\n

And it\u2019s a great thing. We were very strong. We had the greatest economy in the history of our country. We had the greatest economy in the history of the world. And that strength let us get through this horrible pandemic, largely through. I think we\u2019re doing really well.<\/p>\n

\"U.S.<\/a>

U.S. President Donald J. Trump<\/p><\/div>\n

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Vaccines \u2014 by the way, I had a meeting yesterday on vaccines. We\u2019re doing incredibly well with that. I think you\u2019re going to have some very positive surprises. And therapeutics, likewise, we\u2019re doing extremely well. Cures we\u2019re doing well. I think those two words really blend in with each other.<\/p>\n

But tremendous progress is being made on vaccines. In fact, we have ready to go, in terms of transportation and logistics \u2014 we have over 2 million ready to go, if it checks out for safety. And it\u2019s also \u2014 the nice part is we have four companies \u2014 I guess you could even say seven or eight companies \u2014 that are doing some similar and some very different on the vaccine front, and some similar and some somewhat different on the therapeutic front.<\/p>\n

So, tremendous progress is being made on that. And I think even without that \u2014 and I have to say, even without that, and I don\u2019t think you\u2019re going to be having to use that in the future, that statement, \u201ceven without,\u201d because I think they\u2019re going to have it. But we\u2019re going to be back, and we\u2019re opening our country.<\/p>\n

And I hope that the lockdown \u2014 governors, I don\u2019t know why they continue to lock down, because if you look at Georgia, if you look at Florida, if you look at South Carolina, if you look at so many different places that have opened up \u2014 I don\u2019t want to name all of them, but the ones that are most energetic about opening, they are doing tremendous business. And that \u2014 this is what these numbers are all about.<\/p>\n

And you have to remember one other thing very importantly: I think it\u2019s extremely important for you to remember that many of our states are closed or almost closed. Some of the big ones \u2014 New York, New Jersey \u2014 they\u2019ll start; they\u2019re starting now to get open, I hope. And I hope they also use our National Guard. Call me. We\u2019ll be ready for them so fast their heads will spin.<\/p>\n

We did it in Minnesota, in Minneapolis. We were incredible. They were ripping that place apart. I love the \u2014 I love it. We had such success there. And they were ripping it apart. And I called the governor, and the National Guard went in, and one night it was over. You don\u2019t see the problem in Minnesota now at all. Not even a little bit.<\/p>\n

You take a look at a great city. It just \u2014 a great, great city, Minneapolis. And it was \u2014 it was under siege, like nobody has ever seen, where people are running from a police department, the great police, and they were told to. They didn\u2019t want to run; they were told to. It\u2019s bad \u2014 bad governing. And I\u2019m not blaming the governor, I\u2019m blaming the mayor.<\/p>\n

But we want to get all of this finished. This is a great tribute. What we\u2019re announcing today is a tremendous tribute to equality. We\u2019re bringing our jobs back. You know, when we had our tremendous numbers, and when we had \u2014 just prior to the China plague that floated in, we had numbers, the best in history, for African American, for Hispanic American, and for Asian American, and for everybody. Best for women. Best for people without a diploma \u2014 young people without a diploma. I mean, so many different categories. Our numbers were the best in almost every category.<\/p>\n

[320left]We had the most people working in the history of our country \u2014 almost 160 million people. We were never even close to that. So we had things that were \u2014 we were doing so well. And then it came in. But we\u2019re going to be back there. I think we\u2019re going to actually be back higher next year than ever before.<\/p>\n

And the only thing that can stop us is bad policy. Frankly, left-wing bad policy of raising taxes and Green New Deals and all of the things that you have been writing about long and hard, that will stop it like you wouldn\u2019t believe. And frankly, it\u2019s holding it back. If \u2014 if there were no possibility that that can happen \u2014 and I like to be an optimistic person; I think we\u2019re looking very good. I think even before today, our polls were \u2014 the polls that I\u2019ve seen and the polls that we do, we\u2019re looking very good.<\/p>\n

But if we didn\u2019t have the possibility of having massively higher taxes, like the Democrats want to do; and Green New Deals, which are totally ridiculous, frankly \u2014 ridiculous; and all \u2014 and I\u2019m a big environmentalist. I believe strongly in taking care of our environment. We have the cleanest air we\u2019ve ever had, like over the modern era, which, let\u2019s say you go back 30 years \u2014 we have the cleanest air, the cleanest water we\u2019ve ever had. We\u2019re setting all sorts of really good environmental records. We\u2019re very proud of that.<\/p>\n

But the Green New Deal would kill our country. The deal \u2014 the Green New Deal would have a devastating effect on the world. And it\u2019s not going to happen anyway because it\u2019s impossible for them to do it. If you ever look at what they want to do under the Green New Deal, it\u2019s \u2014 it\u2019s like baby talk.<\/p>\n

But we are doing something that \u2014 this was an important day because this shows that what we\u2019ve been doing is right. And the reason it\u2019s been and is so good is because the body was strong. Our body was so powerful that we could actually close our country, save millions of lives, stop people very early on, from China, from coming in \u2014 because we stopped early, at the end of January, very early, people coming from China, who were infected, coming into our country. That was a very hard decision to make. Nobody \u2014 almost nobody wanted me to make it. I would almost say nobody wanted me to make it. But we made that decision, and even my enemies said that was an extremely important \u2014 we saved tens of thousands of lives with that decision.<\/p>\n

So, we did a lot of things. And then we really ended up with empty cupboards. We went into ventilator period that \u2014 the likes of which nobody has seen since the Second World War. We mobilized. Nobody has ever seen anything like it.<\/p>\n

And then we did tests. We\u2019re over 20 million or very close, but I think we\u2019re over 20 million tests \u2014 more than anybody in the world. Germany is at \u2014 about at four, and South Korea is at three and a half. We\u2019re at over 20.<\/p>\n

And, by the way, when you do more testing, you have more cases. We have more cases than anybody because we do more testing than anybody. It\u2019s pretty simple.<\/p>\n

But this is outstanding, what\u2019s happened today. Now, they thought the number would be a loss of 9 million jobs, and it was a gain of almost 3 million jobs. Nobody has ever seen anything \u2014 I think it was incredible in a couple of ways. Number one, the numbers are great, and this leads us on to a long period of growth. We\u2019ll have the greatest \u2014 we\u2019ll go back to having the greatest economy anywhere in the world. Nothing close.<\/p>\n

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And I think we\u2019re going to have a very good upcoming few months. I think you\u2019re going to have a very good August, a very good July, but a spectacular \u2014 maybe spectacular September, but a spectacular October, November, December. And next year is going to be one of the best years we\u2019ve ever had, economically. And if you look at the numbers, they bear it out.<\/p>\n

But we were strong. It\u2019s sort of like when you go in for an operation \u2014 if a person is healthy \u2014 healthy \u2014 we were healthy. We had the greatest economy in the world. We went in for an operation. We closed our country down. We closed it down. We saved, possibly, two million, two and a half million lives. Now, it could have been a million lives; I don\u2019t think anything less than that. But if you think we\u2019re at 105 million today \u2014 105,000 today, that would mean, at the lowest number, it would be 10 times that amount.<\/p>\n

And I think everybody believes the least \u2014 if we went \u201cherd,\u201d as they say. And if you look at Brazil, they\u2019re having a very hard time. And, by the way, they kept bringing up Sweden; it\u2019s come back to haunt Sweden. Sweden is having a terrible time.<\/p>\n

If we did that, we would have lost a million, a million and a half, maybe even two and a half million or more lives. So we\u2019re at 105,000 lives. Big move closing it up. We also closed it up to Europe. Europe became very infected from China.<\/p>\n

A gift from China \u2014 not good. They should have stopped it. They should have stopped it at the source. But it\u2019s a gift from China and a very bad gift, I will tell you that.<\/p>\n

And you do say, \u201cHow come at Wuhan, where it started\u2026\u201d And they were very badly \u2014 they were in bad trouble. But it didn\u2019t go to any other parts. It didn\u2019t go to Beijing. It didn\u2019t go to other parts of China. Then you say, \u201cHow come it came out to Europe, to the world, to the United States?\u201d So it didn\u2019t go to China; they stopped it cold. They knew it was a problem. But they didn\u2019t stop it cold from coming to the United States, Europe, and the rest of the world. Somebody has to ask these questions, and we\u2019ll get down to the answer.<\/p>\n

You know, we \u2014 we made a great trade deal \u2014 great. They\u2019re going to buy 250 billion dollars\u2019 worth of product. And, by the way, they are online. They\u2019re doing okay. But the ink wasn\u2019t dry on that deal when the \u2014 when the plague floated in. \u201cWhat\u2019s going on?\u201d \u201cA plague is floating in from China.\u201d \u201cWhat\u2019s going on?\u201d<\/p>\n

So the ink wasn\u2019t dry, so I guess I view the trade deal a little bit differently than I did three months ago. It\u2019s a great deal. I will say they are buying a lot from us. And, in that way, I respect. And getting along with China would be a good thing. I don\u2019t know if that\u2019s going to happen. I\u2019ll let you know. We\u2019ll let you know. I think they want to get along very much with us.<\/p>\n

But we built a tremendous thing \u2014 a tremendous power platform. So when it got ill, when we had a problem, we were able to cut it off, stop it, just like this. Stop it. Keep everyone inside. Keep them away. Keep them together, away, uninfected. And we saved millions of lives.<\/p>\n

And now we\u2019re opening, and we\u2019re opening with a bang. And we\u2019ve been talking about the \u201cV.\u201d This is better than a \u201cV\u201d; this is a rocket ship. This is far better than a \u201cV.\u201d A \u201cV\u201d is wonderful. A \u201cV\u201d is this. They were talking about, \u201cWill it be a \u201cV,\u201d a \u201cU,\u201d an \u201cL\u201d? They had no idea.<\/p>\n

And I was watching one of the shows \u2014 and I have great respect for the people \u2014 and they said, \u201cWill it be 9 million in job losses? Will it be \u2014 what will the number be? Will it be \u2014 are they going to report record numbers? Will we break 20 percent? What will the number be?\u201d And, you know, I don\u2019t know, because we were in \u2014 and I don\u2019t think we\u2019re in that territory anymore.<\/p>\n

We were in uncharted territory. Nobody has ever had a situation like that. So the number was 9 million. And one of the people was going, \u201cNo, no, I think it\u2019s going to be 10 million.\u201d That\u2019s 10 million negative \u2014 losses. And then somebody else said, \u201cNo, we think it\u2019s going to be 8.7, 9.2.\u201d Everyone was right around that number. This is great geniuses \u2014 and they are. I watch them all the time, and oftentimes they\u2019re right.<\/p>\n

Warren Buffett sold airlines a little while ago. He\u2019s been right his whole life. But sometimes even somebody like Warren Buffett \u2014 I have a lot of respect for him \u2014 they make mistakes. They should have kept the airline stocks because the airline stocks went through the roof today, and others did too. The whole market went through the roof.<\/p>\n

But they said, 9 million \u2014 9 million job losses. Nine million. It\u2019s \u2014 \u201cWhat\u2019s it\u2019s going to be? Are we going to break 20 percent? Are we going to break it?\u201d And then the numbers came in, and one of the folks that was reading the numbers said, \u201cWow, this a great number. It\u2019s only 3 million job losses.\u201d And then, reading it, and saying, \u201cYou know, I don\u2019t think this \u2014 I\u2019m not reading this right. Let me look at it again. Oh, wait a minute. This is 3 million gained, almost. Three million jobs gained.\u201d<\/p>\n

And then they shouted out \u2014 one of them sort of semi-shouted out, \u201cIs this a typo?\u201d I think it was probably the greatest miscalculation in the history of business shows \u2014 the history of business shows \u2014 talking about Wall Street. And that\u2019s okay.<\/p>\n

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But one of the reasons we\u2019re in this position is because we had such a strong foundation. So we were able to close our country, save millions of lives, open. And now the trajectory is great.<\/p>\n

Don\u2019t forget, New York is barely included, and that\u2019s one of our big ones. California is barely included because they\u2019re not open \u2014 and they should open, by the way. The mayor of Los Angeles wants to keep this thing closed for a long time.<\/p>\n

Look at what\u2019s going on in Florida. It\u2019s incredible. The job the governor of Florida has done, it\u2019s incredible \u2014 the numbers they\u2019re doing.<\/p>\n

You\u2019ve got to open it up. And you do social distancing, and you wear masks if you want, and you do things \u2014 you can do a lot of things. You\u2019re getting closer together. Even you, I noticed you\u2019re starting to get much closer together. It looks much better, I must say. You\u2019re not all the way there yet, but you\u2019ll be there soon.<\/p>\n

But it\u2019s a tremendous thing that happened. And the reason it happened is because we had a really strong patient. We had a patient that was so powerful, so strong, that we could close it and open.<\/p>\n

And I give you this analogy \u2014 somebody told me yesterday \u2014 it was Larry \u2014 Larry Kudlow. He said, \u201cSir, this is like a hurricane.\u201d And we were worried; we didn\u2019t know: Is this going to be a hurricane or a major, major recession? A major recession that\u2019s not artificially caused because we \u2014 artificially \u2014 this was artificially closed. We just said, \u201cBoom, closed.\u201d And everything just stopped.<\/p>\n

And also, you know what else stopped? Big numbers on death, by doing it. And that\u2019s why I had to do it. We\u2019ve made every decision correctly. But it was like we stopped. So it was an artificial closing.<\/p>\n

And then what happened, very incredibly, is the numbers go \u2014 and Larry was saying that, with a hurricane, you have a horrible hurricane in Florida or Texas, and it\u2019s devastating. And then the hurricane goes away, and within two hours, everyone is rebuilding and fixing and cleaning and cutting their grass. And I\u2019ve seen it in Texas. I\u2019ve seen it everywhere. I\u2019ve seen it everywhere. Texas had a massive one; Louisiana \u2014 hurricanes. Florida \u2014 hurricanes.<\/p>\n

But what happens is right after the hurricane, boom. And this is what this is. This isn\u2019t a terrible recession. I don\u2019t even mention the \u201cD\u201d word. I don\u2019t talk about the \u201cD\u201d word. I don\u2019t want to talk about it. Because every time somebody even mentions it, I don\u2019t like the \u201cD\u201d word. But if you had a really, really big, bad recession, it would take \u2014 it could take 10, 12 \u2014 how long did it take in 1929? It took many years to recover from that. How many? Or how long?<\/p>\n

MR. KUDLOW: Ten years.<\/p>\n

THE PRESIDENT: Yeah, 10. I heard 10. I think longer than 10, but that\u2019s okay. I heard 14, 15 years. Larry says 10, so let\u2019s go with 10. But it takes a long time to recover. But a hurricane, you\u2019re back in business in one day, two days, three days, and it\u2019s devastating and it\u2019s hard. And this was a hurricane. And it\u2019s going to get better fast because a lot of the numbers that you see, they\u2019re early numbers. They\u2019re not even from this last month.<\/p>\n

And, by the way, speaking of that, you had the greatest 50-day rally in the history of our exchanges. The greatest 50-day rally. And we have a lot of protesters. And we have something else, right? We have something else. We have a pandemic. We\u2019ve made tremendous progress, really on both, if you look at where we\u2019ve come on both. We\u2019ve made tremendous progress on both. Tremendous progress. But you\u2019re looking, and the people are now starting to return to work.<\/p>\n

So it\u2019s been an incredible thing to see. It\u2019s been a beautiful thing to see. The experts predicted that the economy would lose tremendous numbers of jobs. And, of course, from the beginning, it has, but you\u2019re going to see how fast that\u2019s made up.<\/p>\n

I\u2019m telling you, next year, unless something happens, or the wrong people get in here, this can \u2014 this can turn around. Your 401(k)s will go down to numbers. If people didn\u2019t get rid of stocks in their 401(k)s, they\u2019re almost even.<\/p>\n

Think of it: With a pandemic, and with one of the worst things that\u2019s ever happened, we \u2014 our country has never lost 105,000 people. Whether it\u2019s World Trade Center, which was 2,900, or Pearl Harbor, which was less than that, we\u2019ve never lost anything close to this. But it\u2019s not only our country, it\u2019s the whole world. The world is suffering so badly. A hundred and eighty-six countries at this moment. And that affects us too.<\/p>\n

But we\u2019re a positive force. We\u2019re the \u2014 the key to the world, in a sense. And the fact that we\u2019re doing well \u2014 I see already they\u2019re starting to do much better in other parts of the world. That\u2019s a great thing because we\u2019re working with the world. And we\u2019ll work with China too. We\u2019ll work with everybody. But what happened should have never happened.<\/p>\n

So we had a tremendous morning, a tremendous announcement. It was shocking to even great pros. I watched Maria Bartiromo. I watched Jim Cramer. I watched a lot of people. Joe Kernan \u2014 he was pretty positive. Charles Payne \u2014 he was very positive for a long time. A lot of people got it right. They had confidence in me, they had confidence in this team, and they got it right. I think that\u2019s the only thing they could base it on because we were on unchartered territory.<\/p>\n

It\u2019s \u2014 I\u2019d like to just say that renewal restoration or recovery of the most vulnerable areas of America is going to be my focus. It\u2019s going to be a big focus, because it\u2019s taking care of itself, but we have to help that very vulnerable area. They\u2019re vulnerable. It\u2019s not right. And we\u2019re helping them, and we have helped them in the past. There were also Opportunity Zones, criminal justice reform.<\/p>\n

Nobody has ever done for the black community what President Trump has done. Think of it: Historically black small colleges and universities, they would come here for money every year \u2014 every year for many, many years. After three years, I said, \u201cWhy are you doing this? Why do you keep coming here?\u201d They said, \u201cBecause we come.\u201d I said, \u201cDon\u2019t you give \u2014 get a long-term deal so you don\u2019t have to come?\u201d The head of one of the very respected colleges looked at me and said, \u201cSir, we\u2019re like beggars. Every year we have to come to Washington and beg for money.\u201d I said, \u201cYou should have a long-term deal.\u201d And we signed a long-term deal so they don\u2019t have to come. I\u2019ll miss them. I told them I\u2019ll miss them. I got to know them.<\/p>\n

[320left]But the first year, I didn\u2019t think anything of it. The second year, I said, \u201cThat\u2019s strange. Why are you here?\u201d And then the third year, not so long ago \u2014 same people \u2014 the heads of the historically black small colleges and universities \u2014 44 people, maybe a little more than that, a little less than that sometimes. But after three years, I said, \u201cWhat are you doing?\u201d They said the past administration did nothing for us. The administration before that did nothing for them. So I\u2019m going to do it.<\/p>\n

So we did the Opportunity Zones with Senator Tim Scott, who has been fantastic. And, by the way, it\u2019s one of the great unknowns, because the Opportunity Zones \u2014 you don\u2019t talk about it \u2014 it\u2019s one of the most incredible success stories ever, in terms of the inner cities and in terms of black and Hispanic and Asian unemployment. Opportunity Zones. You ought to do some stories about Opportunity Zones. Billions and billions of dollars of private money is \u2014 are being invested and putting people to work and getting money that they\u2019ve never made before. So it\u2019s been really a terrific thing.<\/p>\n

It\u2019s now time for us to work together as we rebuild, renew, and recover the great promise of America. And that\u2019s true. We\u2019re going to work together. It\u2019ll all work out. It will all work out. Some governors may need a little help yet, but I think, for the most part, they\u2019re in good shape. We have fantastic military; we have fantastic National Guard.<\/p>\n

The National Guard was barely used. And these people have done an unbelievable job. They helped the Secret Service in Washington. Secret Service, by the way, are unbelievable. The job they did in the White House is unbelievable. There was never any form of, like, \u201cOh, gee, this sounds dangerous.\u201d All I could see is what I was seeing on television. But they were outside, and the Secret Service was incredible, but we were also helped by the D.C. police and we were helped by \u2014 the National Guard was unbelievable. They came in and they \u2014 this was like a piece of cake.<\/p>\n

And I really am suggesting \u2014 because if you look at Minnesota and the great success we had there and other places, I\u2019m suggesting to some of these governors that are too proud in New York \u2014 I mean, you see what\u2019s going on there. Don\u2019t be proud. Get the job done. You\u2019ll end up looking much better in the end. Call in the National Guard. Call me. We\u2019ll have so many people \u2014 more people than \u2014 you have to dominate the streets. You can\u2019t let what\u2019s happening happen. It\u2019s called \u201cdominate the streets.\u201d You can\u2019t let that happen in New York, where they\u2019re breaking into stores and all of the things. And, by the way, hurting many small businesses. You can\u2019t let it happen.<\/p>\n

Equal justice under the law must mean that every American receives equal treatment in every encounter with law enforcement, regardless of race, color, gender, or creed. They have to receive fair treatment from law enforcement. They have to receive it. We all saw what happened last week. We can\u2019t let that happen.<\/p>\n

Hopefully, George is looking down right now and saying, \u201cThis is a great thing that\u2019s happening for our country.\u201d This is a great day for him. It\u2019s a great day for everybody. This is a great day for everybody. This is a great, great day in terms of equality. It\u2019s really what our Constitution requires, and it\u2019s what our country is all about.<\/p>\n

I just want to finish by saying: To save the economy, we passed several pieces of critical legislation, totaling many trillions of dollars \u2014 meaning, three. We\u2019re set up to do more if we want. I think we should because we \u2014 we are dominant.<\/p>\n

For many years, as a bystander \u2014 but somebody that loved government, somebody that loved this country \u2014 I would watch and study and see and just, you know \u2014 when I say \u201cstudy,\u201d naturally study, by watching.<\/p>\n

But if you go back, China was going to catch us in 2019. And that was like a given. You know, they \u2014 you go back five years, six years, seven years, it was always, \u201cYeah, China will catch America. It\u2019ll catch the United States in \u2014 in 2019. And then it\u2019ll become the dominant economy.\u201d It never happened. It\u2019s not going to happen.<\/p>\n

We dominated them over the last year and a half, two years. We took in tens of billions of dollars in tariffs that they paid for. I gave some of that money, just a small fraction, to our farmers, which made them whole \u2014 more than whole. That\u2019s why they\u2019re all in business. Made them more than whole. And it came right out of the tariff money.<\/p>\n

And the reason we didn\u2019t pay is because China devalued their currency. And they paid. Plus, they also put additional money to it, because if they didn\u2019t do that, nobody would have bought their product.<\/p>\n

We made a great deal because of that. That\u2019s the only reason we were able to make a good deal, because of the possibility of tariffs \u2014 because China has taken tremendous advantage of the United States. We helped rebuild China. We gave them $500 billion a year. How stupid. How stupid are the people that represented our country with China, and many other countries. But that\u2019s all changing.<\/p>\n

And it was in the process of changing very big. You know, again, China had a very bad year before the plague, and now I think hopefully they\u2019re going to have a great year. I want them to have a great year. But we\u2019re going to have better years than they ever had. We have a better system \u2014 a much better system.<\/p>\n

We made Americans sure of themselves, and we took care of families. We gave benefits and we sent $1,200 to every individual making less than $75,000, and 4,000 \u2014 almost \u2013dollars to every family of four earning less than $150,000. That\u2019s a lot \u2014 isn\u2019t it? \u2014 you know, when you think 150. But that\u2019s what\u2019s happening with our country. If you look at other countries, even countries that you think they\u2019re doing well \u2014 they don\u2019t talk about $150,000 as being median. A hundred and fifty thousand dollars \u2014 that\u2019s tremendous. That\u2019s a great tribute to the people of our country.<\/p>\n

The job surge that we\u2019re seeing right now is widespread. Leisure and hospitality added 1.2 million jobs. Construction jobs are up \u2014 listen to this \u2014 464,000. Education and health services rose 424,000. Retail trade is up 368,000.<\/p>\n

And here\u2019s the one I like the best \u2014 remember, previous administration: that you need a \u201cmagic wand\u201d for manufacturing. Manufacturing, which we had up to 600,000 jobs prior to the plague \u2014 manufacturing rose to 225,000 jobs, \u201cup by.\u201d So we picked up 225,000 manufacturing jobs. That\u2019s very unexpected.<\/p>\n

Everything \u2014 everything that you\u2019ve seen this morning is unexpected. Even the pros sitting here would understand that. Everything.<\/p>\n

We also smashed expectations on the unemployment rate. The prediction was that the unemployment rate would rise to over 20 percent, and instead it dropped to around a little more than 13 percent. Slight difference.<\/p>\n

And this time, the greatest comeback in American history \u2014 today is probably, if you think of it, the greatest comeback in American history. But you \u2014 it\u2019s not going to stop here. It\u2019s going to keep going, because so many places are closed.<\/p>\n

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I was watching our great Vice President today being interviewed on CNBC. He did a phenomenal job, and he \u2014 he made a statement. He said, \u201cThis is not going to stop.\u201d And 100 percent. He\u2019s always attributing everything to me, but I\u2019ll attribute this statement to him. He said, \u201cIt\u2019s not going to stop\u201d \u2014 because the numbers that you\u2019re looking at don\u2019t include all of those states that are closed; they haven\u2019t even opened yet.<\/p>\n

We\u2019re going to be stronger than we were when we were riding high. And our stock market is almost \u2014 it\u2019s just short of an all-time high. I\u2019ve had 144 all-time-high stock markets during a three-and-a-half-year period. Nobody has ever come close to that. And we\u2019re going to do it again, but it\u2019s going to be even stronger than last time.<\/p>\n

When I would say that to you two, three months ago \u2014 I could see what\u2019s happened. I have a good \u2014 I\u2019ve always done well with numbers, but I had a feel for it. I said it even the other day. I was saying I think we\u2019re going to have a tremendous next year. I think it\u2019s going to be a phenomenal next year. I didn\u2019t know it would start this quickly. I thought it would start in August, September, but it started very early. Amazing \u2014 it\u2019s an amazing thing.<\/p>\n

But it means that they\u2019re likely to return, and all of these jobs that we\u2019re talking about now aren\u2019t even included, because some of our biggest places aren\u2019t opened. They\u2019re opening up now. I think New York is opening up like as of today, and that\u2019s one of our big ones. New Jersey. They\u2019re all working hard. The governors are all working hard.<\/p>\n

To save millions of American lives, we took that unnecessary evil \u2014 we took it out of the equation. We had it \u2014 we had to do what we did. We had a very, very strong push not to do anything. We would have lost \u2014 we would have lost so many people. But very importantly, the economy wouldn\u2019t have been as good as it is, because nobody expected this. I don\u2019t think there\u2019s anybody sitting here that can say \u2014 I want to see it on tape, as opposed to just saying, \u201cOh, I did that.\u201d But some were predicting pretty good numbers \u2014 people I mentioned.<\/p>\n

But we took a tremendous step and a tremendous risk, and we\u2019ve gone up at a level \u2014 and this level is going to be nothing compared to what you see in coming months and especially next year.<\/p>\n

So the best strategy to ensure the health of our people moving forward is to focus our resources on protecting high-risk populations \u2014 like the elderly and those in nursing homes \u2014 while allowing younger and healthy Americans to get back to work immediately and open up our schools. Open them up.<\/p>\n

We understand this disease now. We didn\u2019t understand it. Nobody has ever seen it before. It\u2019s very tough, very contagious, very mean to certain people. We\u2019ve learned a lot. We didn\u2019t know. Nobody knew anything about it. But we learned a lot.<\/p>\n

And I have to thank everybody for working so hard: Jared, and Mike, and the task force, and all of the people \u2014 the admiral, the general. They were saying, \u201cOh, you should use admirals.\u201d I said, \u201cI did.\u201d \u201cYou should use generals.\u201d I said, \u201cI did.\u201d Used them both. We had some incredible people on the task force. The job they did in getting ventilators built by the thousand \u2014 thousands. We\u2019re giving to Nigeria, to France, to Spain, to Italy. We\u2019re \u2014 to many, many countries \u2014 to UK; they\u2019re having a hard time. We\u2019re giving them ventilators. It\u2019s a great thing. I mean, they\u2019re very hard to make. They\u2019re long-term items.<\/p>\n

We mobilized. Nobody has ever seen anything like it, just like the Second World \u2014 there hasn\u2019t been a mobilization like this since the Second World War \u2014 especially ventilators, because it\u2019s hard. It\u2019s big, it\u2019s complex \u2014 very complex machinery, computerized all over the place, and very expensive. And we\u2019re building thousands a week. Right now, we\u2019re building thousands a week. We have all we can use. No governor \u2014 you hear the calls; you listen in on those calls. Frankly, you\u2019re invited to if you want \u2014 but you do anyway, even if you\u2019re not invited.<\/p>\n

And you see what\u2019s going on. Every governor \u2014 there\u2019s not been one patient in this entire massive country \u2014 and we didn\u2019t have ventilators when we started. The cupboards were empty. The previous administration left us empty cupboards. There isn\u2019t one patient, not one, that needed a ventilator \u2014<\/p>\n

THE VICE PRESIDENT: That\u2019s right.<\/p>\n

THE PRESIDENT: \u2014 that didn\u2019t get one. Think of that. And we\u2019re talking about millions of people \u2014 big country, millions of people. Not one person needed a ventilator that didn\u2019t get it.<\/p>\n

So we want the continued blanket lockdown to end for the states. We may have some embers or some ashes or we may have some flames coming, but we\u2019ll put them out. We\u2019ll stomp them out. We understand this now. We\u2019ll stomp them out and we\u2019ll stomp them out very, very powerfully.<\/p>\n

So we\u2019ve made a big step in our comeback. This was always going to be \u2014 three months ago, I said to you, \u201cThis is a very important period\u201d \u2014 this June period \u2014 because we\u2019re going to learn whether or not this is a very big, powerful \u201cR\u201d word \u2014 \u201crecession\u201d \u2014 or whether this is a hurricane that we recover from very quickly \u2014 we recover from in a matter of weeks or days.<\/p>\n

And we\u2019ve learned. We\u2019ve learned. Again, as good as these numbers are, the best numbers are yet to come because so many areas are still closed or very partially closed. Very few, actually, are fully open. These numbers are with states \u2014 50 states \u2014 and very few are fully open, even the ones that are very out there are not fully, fully opened. So we\u2019re going to have some tremendous numbers coming in.<\/p>\n

When you look at the ridership in the airlines, what they\u2019ve gone \u2014 they went from 2 percent to a number that, if it\u2019s correct, I\u2019d be surprised actually, but it\u2019s a very high number. It\u2019s great. People are traveling. And you know what? They\u2019re traveling in the United States. And they\u2019re also driving. And they\u2019re building the trailers. They\u2019re building a lot of things. They\u2019re driving. People are \u2014 people are driving.<\/p>\n

I may have to buy one of those things, drive around town. Maybe I\u2019ll drive back to New York with our First Lady in a trailer. What do they call that?<\/p>\n

MR. KUDLOW: A double-wide.<\/p>\n

THE VICE PRESIDENT: An RV.<\/p>\n

THE PRESIDENT: An RV. An RV. Well, you should know; Indiana is the capital of RVs. (Laughter.) I think I\u2019m going to buy an RV and travel from now on in an RV with our First Lady. I don\u2019t think anybody would mind that.<\/p>\n

So we\u2019ve come together. We\u2019re coming together. We\u2019ve never had a thing happen like this. We were all \u2014 including the media, we were all in uncharted territory. We were uncharted. It\u2019s never happened before. Nobody knew. I couldn\u2019t be sure. I felt it. I felt \u2014 I felt we\u2019re very powerful to come back.<\/p>\n

Hardest decision I ever made was when they all walked in, a big group of people \u2014 professionals, very professional people, good people. They said, \u201cSir, the best thing we can do is close it down.\u201d I said, \u201cWhat are you talking about? We have this incredible, unbelievable country that\u2019s never done better and you want us to close it down? I can\u2019t do that. What are you talking about?\u201d And after listening for 10 minutes \u2014 didn\u2019t take long \u2014 I said, \u201cI think we have to close it down,\u201d because of the contagion and because of the power it had with especially certain people.<\/p>\n

Now, we didn\u2019t know the second part. We knew it was highly contagious because it spread like fire. But we didn\u2019t know that it hit certain groups of people. That helps us so much in testing and other things. So we\u2019re going to protect our elderly. We\u2019re going to protect, especially, our elderly with problems, whether it\u2019s heart or diabetes or any problem. It\u2019s like a magnet. I mean, you\u2019re elderly and you have diabetes or you have a bad heart, it\u2019s \u2014 it\u2019s like a magnet. They say if you\u2019re \u2014 if you\u2019re heavy. So I say, \u201cThank goodness I\u2019m in perfect shape. Thank goodness.\u201d But if you\u2019re \u2014 if you\u2019re heavy, it\u2019s not good. It\u2019s a \u2014 it\u2019s a brutal, brutal thing.<\/p>\n

And again, I started by saying, \u201cWe\u2019re going to have a vaccine soon.\u201d I said it a long time ago, based on knowledge \u2014 based on knowledge. I\u2019m \u2014 I\u2019m meeting with these geniuses. Based on knowledge, I said \u2014 a long time ago, I said, \u201cBy the end of the year.\u201d I think it\u2019s going to be a lot sooner than that.<\/p>\n

And, you know, just in finishing about vaccines, we have mobilized the logistics arm of our military. We can move hundreds of thousands of men and women in a very short time. The vaccine is easy, by compare.<\/p>\n

But we can move hundreds of thousands. It\u2019s meant for war. It\u2019s not meant for this, but we have our war with the invisible enemy. It\u2019s meant for war, but we can move hundreds of thousands. Hun- \u2014 think of that: Hundreds of thousands in a very short time. The same people are doing the vaccine, and they\u2019re fully mobilized.<\/p>\n

So now I\u2019m going to sign legislation to make important changes to the PPP that will especially help restaurants, hotels, and other businesses that have been very hard hit by the virus. This is going to make it 24 months, and I think you know the legislation as well as I do.<\/p>\n

I want to thank the Democrats. We had essentially unanimous votes, I think, in the Senate and the House. Right? Whether it\u2019s unanimous or very close. It\u2019s a lot of people. But I want to thank the Democrats. We worked together on it great. And I hope we can get along with the Democrats. It\u2019s been a disaster, in terms of relationship, but I hope we can get along because it\u2019s a great thing for our country.<\/p>\n

We did all of these numbers and all of this greatness. We have the greatest economy we\u2019ve ever had. It will soon be greater than it was even before. We did this with discord. We did this with a Senate and a House that were not dealing with us, and we weren\u2019t dealing with them either.<\/p>\n

The level of \u2014 of \u2014 let\u2019s just say the war-like po- \u2014 posture is ridiculous because we have a great country. It would make a difference if we could get along. And maybe we can and maybe we can\u2019t. I mean, there are a lot of differences. We want low taxes. We want closed borders. We want people to come in, but they have to come in through a merit. They want open borders. You can\u2019t have open borders, especially now when you have a pandemic.<\/p>\n

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We set a record, by the way, on our southern border. The wall, which you never hear about, is up to 210 miles long. And one of the reasons we\u2019re setting a record is we have so much wall built, and we\u2019ll have it up to almost 500 miles very early next year. By the end of this year, we\u2019ll be over 400 miles. We\u2019re up to 210 miles of serious wall. This is a wall that people aren\u2019t penetrating. This a very, very powerful wall. Going to be can be up there a long time. And it\u2019s saved us a lot of anguish and grief, but you don\u2019t hear about that.<\/p>\n

One of the hardest things I\u2019ve ever had to do is get the money necessary, which is billions of dollars, from a party that was totally opposed to it. They gave me other things. The military, we could rebuild. It wasn\u2019t easy, in terms of that. That\u2019s not their natural instinct. But for the wall, \u201cNope, you can\u2019t have it, can\u2019t have it, can\u2019t have it.\u201d<\/p>\n

We had nine court cases on the wall. But we won, and we got it, and now nobody talks about it. Nobody even talks about it. But it\u2019s great for our country. We have to have borders. And I\u2019ve said often \u2014 I said long before I won \u2014 I won on that great November day; it seems like a long time ago, 2016. I said, \u201cIf you don\u2019t have borders, you don\u2019t have a country.\u201d<\/p>\n

So we have a lot of things to work with the Democrats. If we could work along with them, it would be great. If we don\u2019t, we\u2019re going to do great as a country anyway. We\u2019re going to do great anyway. But if we could work along with the Democrats \u2014 and I\u2019m open to it. People say I wouldn\u2019t be open. Why would I be open? They did things that they should have never done. And you know what I\u2019m talking about. Should have never done. But I\u2019m totally open to it.<\/p>\n

But we could go even steps further. But it\u2019s already been historic. Nobody has done more in three and a half years than this administration has done. Nobody has come close to doing the things we\u2019ve done. We\u2019ve rebuilt our military. We\u2019ve cut regulations at a level that nobody has even come close to \u2014 and that\u2019s whether it\u2019s four years, eight years, or, in one case, even more than that. Nobody has done anything close: regulations, low taxes, rebuilt military, take care of our vets.<\/p>\n

We got Choice approved for the vets. So instead of waiting on line for four weeks to see a doctor, they can go immediately outside, get a private doctor, we pay for the bill, and the vet is in great shape. But we actually save money, but more importantly, we save their lives, and we save the quality of their life. They were dying. They would come onto a line. They\u2019d have to wait four or five weeks. They wouldn\u2019t be very sick. By the time they see the doctor, they\u2019d be terminally ill.<\/p>\n

We don\u2019t have that anymore. You don\u2019t hear any bad stories about the vets anymore. That doesn\u2019t mean go out and find them, because tonight you\u2019ll be traveling all over the world looking for an unhappy vet.<\/p>\n

And we got Accountability because we had a lot of bad people in the VA. It\u2019s called VA Accountability, where we can now fire people that don\u2019t treat our vets good. We have sadists. We have thieves. We have a lot of bad people. And we can now \u2014 it\u2019s called VA Accountability. Almost 50 years they\u2019ve been trying to get it.<\/p>\n

Choice \u2014 almost 50 years they\u2019ve been trying to get it. For many, many years \u2014 I\u2019ve been hearing about it for years \u2014 they\u2019ve been trying to get VA Choice. Choice means you can have a choice of a doctor. You don\u2019t have to wait on line if you have a long line. I have to say, the VA has great doctors, but you can\u2019t get to them very quickly. Now they go outside and they take care of themselves.<\/p>\n

So we\u2019ve had a great morning. This is just the beginning. It\u2019s going to be incredible. I\u2019m going to sign our very important piece of legislation.<\/p>\n

Again, thank you very much to the Democrats. And then we\u2019re going to have a couple of words by a few of the people standing alongside of me. I want to thank them so much. And we\u2019ll talk to you soon.<\/p>\n

Q Mr. President, why don\u2019t you have a plan for systemic racism?<\/p>\n

Q Sir, do you believe \u2014<\/p>\n

Q Mr. President, why haven\u2019t you laid out a plan to address systemic racism?<\/p>\n

THE PRESIDENT: I\u2019d like to sign this bill. This is a very different thing.<\/p>\n

And, by the way, what\u2019s happened to our country and what you now see \u2014 it\u2019s been happening \u2014 is the greatest thing that can happen for race relations, for the African American community, for the Asian American, for the Hispanic American community, for women, for everything \u2014<\/p>\n

Q What\u2019s your plan?<\/p>\n

THE PRESIDENT: \u2014 because our country is so strong, and that\u2019s what my plan is. We\u2019re going to have the strongest economy in the world. We almost are there now. We had the strongest economy anywhere in the world, and now we\u2019re going to have an economy that\u2019s even stronger.<\/p>\n

Q Sir, how would a better economy \u2014<\/p>\n

THE PRESIDENT: Excuse me, I\u2019d like to sign this now.<\/p>\n

Q Yeah, just to follow up: How would a better economy have protected George Floyd?<\/p>\n

THE PRESIDENT: Excuse me, do you mind if I sign this?<\/p>\n

Q Sure. I\u2019ll ask after.<\/p>\n

Q Will you take questions after, sir?<\/p>\n

Q Black unemployment went up by 1 \u2014 by 0.1 percent. Asian American unemployment went up by 0.5 percent. How is that a victory?<\/p>\n

THE PRESIDENT: You are something.<\/p>\n

(The bill is signed.)<\/p>\n

Q How is that victory?<\/p>\n

THE PRESIDENT: Thank you very much. (Applause.)<\/p>\n

I have to say, though: It\u2019s been honor. This is such a great achievement. I feel so good about it. This is just the beginning. The best is yet to come.<\/p>\n

Mike, would say a few words, please?<\/p>\n

THE VICE PRESIDENT: Well, thank you, Mr. President, and today is a great day for America. The American comeback begins today.<\/p>\n

And, Mr. President, it is a tribute to the strong decisions that you made early on to put the health of America first \u2014 from suspending all travel from China, to calling on the American people to embrace the kind of mitigation practices to practice social distancing, to endure 45 Days to Slow the Spread.<\/p>\n

The way you worked in a bipartisan way \u2014 we want to thank members of both parties in the Congress for working with us to provide relief for families, small businesses, and enterprises across the country.<\/p>\n

Today\u2019s numbers, historic as they are, are a testament to the \u2014 to the leadership that you have provided, Mr. President, on mitigation, on recovery. And, as you directed the White House Coronavirus Task Force, they\u2019re also a tribute to the fact that states across the country \u2014 now all 50 states \u2014 are reopening our country.<\/p>\n

Even before we came to the end of the 45 days, you directed us to give guidance to state governors and all the states and territories to safely and responsibly reopen. And now all of our states are in the process of doing that.<\/p>\n

It\u2019s remarkable to think that two and a half million jobs and a declining unemployment number actually dates to surveys done in mid-May. Mr. President, it\u2019s remarkable that we can \u2014 we can see all across the country that this is a snapshot today of the comeback that was taking place the better part of a month ago.<\/p>\n

[320left]But because of \u2014 because of the guidance you gave to the American people in mitigation, and because of the recovery efforts that bipartisan members of Congress supported at your direction, and ultimately because we are reopening the country, we\u2019ve begun a great American comeback.<\/p>\n

So I want to thank you, Mr. President, and I want to thank members of Congress that were with us. I join you in thanking all of the incredible healthcare workers across the country, including our team on the task force and health officials at every level, governors that have been our partners. But ultimately, today is a tribute to the American people.<\/p>\n

Mr. President, I know that you\u2019ve said again and again this morning that it was because the patient was strong in the beginning, because the policies that you put into place to cut taxes, roll back regulation, unleash American energy, fight for free and fair trade, we created more than 7 million jobs. And today, the strength and resilience of the American people is shining through, and this is their day.<\/p>\n

Congratulations, America, the comeback begins. (Applause.)<\/p>\n

THE PRESIDENT: Thank you. And I think, very importantly, because it\u2019s a great state \u2014 and you have so many great states involved with energy, but we had basically a disaster just a month ago. We had a disaster, with respect to energy. It was down to zero. It was worthless. And that\u2019s 5 million jobs, maybe much more than that \u2014 indirectly, probably close to 10 million jobs \u2014 energy jobs in Texas, in North Dakota, in Oklahoma, and many other states \u2014 New Mexico, great state, great energy state it\u2019s become. And we saved that industry in a short period of time.<\/p>\n

And you know who helped us? Saudi Arabia and Russia. And then we got Mexico to do what they really had to do, and I want to thank the President of Mexico. He was terrific. In the end, he was terrific.<\/p>\n

But we saved the energy industry. That would have been catastrophic to lose it. And now it\u2019s up to almost $40 a barrel. And people would have said that\u2019s impossible, but we got Saudi Arabia, Russia, and others to cut back very substantially. OPEC Plus \u2014 we call it \u201cOPEC Plus.\u201d But they were the leaders, and we appreciate that very much.<\/p>\n

Could I ask Kevin and Larry to say a few words, please?<\/p>\n

MR. KUDLOW: Thank you, sir. I\u2019ll be brief as I can. I know it\u2019s pretty darn hot.<\/p>\n

THE PRESIDENT: I haven\u2019t noticed that. Is it hot? Is nobody hot?<\/p>\n

MR. KUDLOW: You\u2019re pretty good at it.<\/p>\n

THE PRESIDENT: (Inaudible.)<\/p>\n

MR. KUDLOW: So, preceding this number were a number of \u201cgreen shoots,\u201d as we call them in economics or finance. And, as the President has mentioned, things like, you know, Apple mobility, traveling indexes, the housing applications for new homes are skyrocketing, new businesses and new business applications are skyrocketing. So we\u2019ve seen a lot of pieces of evidence.<\/p>\n

The key to today\u2019s number: two hundred and fif- \u2014 2.5 million payrolls and 3.8 million households from which the unemployment comes. The key is that those who were temporarily laid off have gone back to work \u2014 3 million-some-odd. And that\u2019s because of the reopening, and that\u2019s because of the success of the President and Vice President\u2019s mitigation policies, which had to be taken. Now the reopening begins.<\/p>\n

Here\u2019s a footnote: On May 12th, for the week the survey was taken, a little less than 50 percent of small businesses had reopened. According to the Chamber of Commerce, the most recent number in late May, early June: 80 percent. Seventy-nine percent of small businesses that reopen. So we\u2019re going to see more continued progress in the June jobs numbers when they come out.<\/p>\n

And I want to add also, my friend and colleague Secretary Steven Mnuchin\u2019s leadership on the Payroll Protection Program has kept people on temporary call, have kept them furloughed, but they knew they were going to come back. The PPP has distributed $510 billion and has probably saved as much as 50 million jobs. And, overall, we\u2019ve extended tax rebates and other payments: 159 million Americans for nearly $275 billion. The rescue package works. It was the largest in American history.<\/p>\n

Now we are seeing weekly unemployment claims coming down, continued claims coming down, the 13.3 percent unemployment rate has come down. And I think, as President has noted, these trends will continue.<\/p>\n

This was a sharp, tough, heartbreaking pandemic contraction. It is not a typical economic contraction. It was like a bad hurricane or a bad snowstorm. There\u2019s a lot of heartache in that, and there\u2019s a lot of hardship in that. Absolutely. But they\u2019re sharp and fast, and they recover fast.<\/p>\n

And we are beginning to see this rapid recovery, which I believe will extend well into the third quarter and the fourth quarter. We\u2019re still looking for some 20 percent economic growth in Qs 3 and 4, and a big number in 2021, as we move forward with presidential policies of lower taxes, and regulations, and energy, and fair and reciprocal trade deals that created a phenomenal economy before the pandemic, and can recreate and rebuild that phenomenal economy afterwards.<\/p>\n

And I bring in my great pal \u2014<\/p>\n

THE PRESIDENT: Sure. Thank you.<\/p>\n

MR. KUDLOW: \u2014 Kevin Hassett.<\/p>\n

THE PRESIDENT: Good job.<\/p>\n

MR. KUDLOW: Thank you, sir.<\/p>\n

CHAIRMAN HASSETT: Thank \u2014 thank you, Mr. President. And, today is a historic day. But as you remind us, there\u2019s still a lot of work left to do. That \u2014 you know, there were 18 million people that said that they expected to be reemployed; 3 million of them came back. And it shocked economists that it happened so fast.<\/p>\n

But there\u2019s still a lot of work to do. And that\u2019s what you\u2019ve instructed us to do, is to give you options so that we can get everybody else in the country back to work.<\/p>\n

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And I think that the main economic lesson I take from what we\u2019ve seen, in addition to Secretary Mnuchin\u2019s incredible work getting the programs enacted quickly, is that \u2014 the Vice President\u2019s leadership of the task force \u2014 right at the very beginning, you put out guidance for businesses and for governors about how to open safely. And because the guidance was so scientifically based, people did so with confidence. And you would never have a jobs number like what we saw today without the confidence that I think was generated by your leadership, Mr. Vice President, and Dr. Birx and the rest of her team.<\/p>\n

So thank you so much for your service, sir. Thank you.<\/p>\n

THE PRESIDENT: Thank you very much. I just want to add: We\u2019ll be going for a payroll tax cut. We think that\u2019ll be incredible, in terms of what we\u2019re doing. Because, again, we\u2019re going to be bigger, stronger, better than we ever were. That\u2019s going to be a tremendous incentive for businesses and also a great incentive \u2014 and maybe, to me, most importantly, for the workers. So we\u2019re going to be asking for a payroll tax cut.<\/p>\n

We\u2019ll be asking for additional stimulus money. Because once we get this going, it\u2019ll be far bigger and far better than we\u2019ve ever seen in this country \u2014 that includes, as of three or four months ago, when everyone thought it was great, and it was great. And we\u2019re going to be doing things for restaurants and various pieces of the entertainment industry \u2014 which will be an incentive, whether it\u2019s deductions or whatever \u2014 but Steve Mnuchin is going to be working on that \u2014 because the restaurants will be a little bit harder to come back. Although I must tell you, Mike, I\u2019ve seen some tremendous numbers from restaurants. But we\u2019re looking at doing something in terms of an incentive with taxes. It could be deductions. It could be something else. But we\u2019ll be announcing it pretty soon.<\/p>\n

But we will be asking, despite the numbers and how good they are \u2014 because we will be so far ahead of everybody else if we do what we\u2019re doing. Our borrowing costs now is zero. So we\u2019re paying no interest, which is very good.<\/p>\n

And I just want to thank everybody. I\u2019d like to ask Steve Mnuchin to say a few words, please.<\/p>\n

SECRETARY MNUCHIN: Thank you, Mr. President and Mr. Vice President. And again, I want to especially thank the Senate and the House for working with us in another example of overwhelming bipartisan support that is helping American business and American workers.<\/p>\n

Mr. President, this legislation is a direct result of \u2014 you invited in leaders from the restaurant industry and the hotel industry. These are two areas that had been especially hard hit. The restaurants\u2019 number-one ask was extending the PPP for 24 weeks, and this legislation delivers on this.<\/p>\n

So it is great to see the $500 billion that we\u2019ve put to work in small business make its way into the economy. And now you see it in these numbers, in them bringing more people back to work. So not only did this save jobs, but we now see people coming back to work. And we look forward to working with Congress on bipartisan issues to make sure we get every American back at work that was unfortunately laid off as a result of this virus.<\/p>\n

Thank you.<\/p>\n

THE PRESIDENT: Thank you very much everybody.<\/p>\n","protected":false},"excerpt":{"rendered":"

Washington, D.C. – PRESIDENT DONALD TRUMP: Well, thank you very much. This is a very big day for our country. It\u2019s affirmation of all the work we\u2019ve been doing, really, for three and a half years. This isn\u2019t just over the last few months; this is for three and a half years. And it\u2019s a […]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[181],"tags":[5451,566,3690,12064,71,1981,2845,5738,2847,1645,1840,12546,6487,3408,3338],"class_list":["post-16361","post","type-post","status-publish","format-standard","hentry","category-government","tag-california","tag-china","tag-democrats","tag-donald-j-trump","tag-economy","tag-europe","tag-florida","tag-national-guard","tag-new-jersey","tag-new-york","tag-texas","tag-trade","tag-u-s-president","tag-vaccines","tag-washington-d-c"],"_links":{"self":[{"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/posts\/16361","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/comments?post=16361"}],"version-history":[{"count":1,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/posts\/16361\/revisions"}],"predecessor-version":[{"id":16362,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/posts\/16361\/revisions\/16362"}],"wp:attachment":[{"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/media?parent=16361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/categories?post=16361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/tags?post=16361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}