Trump actually denies there's a 'massive recession' as 10 million or more people lose jobs
During a Coronavirus Task Force briefing late Thursday following news that 10 million Americans filed jobless claims over just a two-week period last month, President Donald Trump downplayed the intensifying economic downturn as "an artificial closing" and insisted that businesses like restaurants will be "bigger and better" than before once the COVID-19 crisis subsides.
"It's not like we have a massive recession or worse. It's artificial because we turned it off," Trump said, drawing a distinction that makes no difference to those who have lost their jobs—as well as employer-provided health insurance—or seen their hours drastically cut due to the crisis.
"Oh thank God, for a second I thought I was actually unemployed and not just artificially unemployed," one Twitter user quipped in response to the president's comments.
Trump's message to the 6 million people who filed unemployments claims in the last week is that "it's an artificial… https://t.co/nIHTueejwN— Aaron Rupar (@Aaron Rupar)1585870835.0
The president's remarks came after the Labor Department announced Thursday morning that 6.6 million Americans filed jobless claims last week, a record-breaking figure that economists warned could portend an unprecedented depression.
"This kind of upending of the labor market in such a short time is unheard of," wrote Heidi Shierholz of the Economic Policy Institute. "Given the incredible deterioration of the labor market in a matter of weeks, federal policymakers will absolutely need to come back and provide more desperately needed relief, and more support for the recovery once the lockdown is over."
Correction: This article initially listed the incorrect author for this article.