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President Trump New Year’s Eve video

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President Trump celebrates vaccine, economy in New Year’s Eve video

In the video posted to Twitter, Trump promoted the success of Operation Warp Speed’s ability to develop a coronavirus vaccine before the end of the year.

By Kare11, December 31, 2020

WASHINGTON — President Donald Trump on New Year’s Eve posted a video to Twitter celebrating the COVID-19 vaccine, Operation Warp Speed and the U.S. economy.

“In the face of great challenges this year, Americans showed incredible grit, strength, tenacity and resolve,” he said at the beginning of the nearly 5-minute long video.

Trump also promoted Operation Warp Speed and the mission’s achievement of developing a coronavirus vaccine before the end of the year. The U.S. has authorized the emergency use of two vaccines, one made by Pfizer and BioNTech and the other by Moderna, but doses will be rationed for months.

Pfizer and BioNTech undertook their own vaccine development, maintaining a more arms-length relationship with the government. However, the companies have since partnered with the federal government to distribute the vaccines.

More than 19 million Americans have tested positive for COVID-19 since March, according to a tally from Johns Hopkins University, and nearly 344,000 people have died.

In the past two days, the U.S. has reached a record number of deaths from the coronavirus. More than 15,500 people died from the virus on Tuesday and another 15,000 died on Wednesday.

In his video, Trump also touted the success of the U.S. economy and the stock market throughout the year.

“Before the pandemic, we built the greatest economy in the history of the world,” he said. “Now we are going it again.”

The pandemic shocked markets early in the year. The S&P 500 fell 8.4% in February, then plunged 12.5% in March as the pandemic essentially froze the global economy. Businesses shut down in the face of the virus threat and tighter government restrictions. People shifted to working, shopping and doing pretty much everything else from home.

Wall Street didn’t stay down for long though, thanks in large part to unprecedented actions from the Federal Reserve and Congress to support the economy. Investors flocked to big technology companies such as Apple and Amazon and smaller companies like Grubhub and Etsy that were poised to take advantage of the shift to working and shopping from home.

 

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