Stephen Moore

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Stephen Moore, a conservative economist and close ally of President Donald Trump, said on Sunday that the president would leave office “triumphant” due to the progress with COVID-19 vaccines and his opinion of an improving economy.

Moore touted the president’s handling of the coronavirus vaccine during a WABC 770 AM radio interview with New York businessman John Catsimatidis.

“I think (Trump) is going to leave the office triumphant,” Moore said. “By early next year, we will have a vaccine that nobody thought was possible.

Moore, who cowrote the book “Trumponomics” with economist Arthur Laffer, praised the president’s handling of the economy, throwing out the possibility of strong growth in the last few weeks of 2020.

“We could actually end up with the economy in positive territory from where it was a year ago,” he said.

Even with the US economy posting a 7.4% increase in gross domestic product (GDP) in the third quarter of 2020, Congressional inaction on additional stimulus measures threatens to stymie economic gains in 2021.

Last week, both Moderna and Pfizer announced that they had developed coronavirus vaccines with efficacy rates of 94.5% and 95%, respectively, an overwhelming breakthrough in the fight against the virus.

Moderna was backed by nearly $2.5 billion in spending as part of the Trump administration’s “Operation Warp Speed,” which was created to accelerate the vaccine development process in the wake of the pandemic.

Moore gloated about the positive news during the interview, giving credit to Trump while slamming President-elect Joe Biden with an unfounded attack.

“This is an incredible tribute to Operation Warp Speed,” he said. “There’s no way Joe Biden would have been able to do this. It will save hundreds of thousands of American lives and maybe tens of millions of lives around the world.”

Biden was critical of Trump’s handling of the pandemic …read more

Source:: Business Insider

      

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