US economy was officially announced under a recession in February. This ended the long 128 months of economic growth. Joe Biden blamed President Trump for his incompetence and negligence in handling the economy.
Trump said, the economy has progressed and is heading in the right direction. He said Dow and S&P jumped to a record high.
Big day for Stock Market. Smart money, and the World, know that we are heading in the right direction. Jobs coming back FAST. Next year will be our greatest ever!
— Donald J. Trump (@realDonaldTrump) June 8, 2020
The details of the recession and economic dip were disclosed by the National Bureau of Economic Research.
Our nation is at an inflection point. We can choose four more years of Donald Trump's poisonous rhetoric and divisive politics — or we can take the next great step forward. pic.twitter.com/AbLAYAUsZx
— Joe Biden (@JoeBiden) June 7, 2020