President TrumpDonald TrumpTexas announces election audit in four counties after Trump demand Schumer sets Monday showdown on debt ceiling-government funding bill Pennsylvania AG sues to block GOP subpoenas in election probe MORE’s economic adviser, Larry KudlowLarry KudlowMORE, said Sunday that the administration still believes the coronavirus pandemic “is going to be a question of weeks and months.”
Kudlow pointed to the stimulus bill signed by Trump last week, which will provide money directly to Americans, when asked by on ABC’s "This Week" what he would say to reassure Americans worried about the effects of the crisis.
“It may not be perfect, but I think it's going to give tremendous resources to get us through what we still believe is going to be a question of weeks and months, hopefully weeks,” he said. “Maybe I should say ‘prayerfully weeks’ that we think we can get through this period.”
Asked for his message to those worried about the economy, Pres. Trump's top econ adviser Larry Kudlow says: "We got a $6.2T assistance package...I think it's going to give tremendous resources to get us through what we still believe is going to be a question of weeks and months." pic.twitter.com/CjQs3sO7rP— This Week (@ThisWeekABC) March 29, 2020
When host Martha Raddatz pushed Kudlow on how he could be sure the economic effects of the virus would not be long-term, Kudlow said, “I can’t guarantee it. I can’t wave the magic wand. I wish I could.”
.@MarthaRaddatz: "How can you be sure that this economic tragedy won't be longterm if there's no guarantee that people will have jobs to return to?"— This Week (@ThisWeekABC) March 29, 2020
Larry Kudlow: "I can't guarantee it. I wish I could." https://t.co/oDvaWkxus6 pic.twitter.com/cxu1V4gSeb
Kudlow added he expects the direct checks for U.S. residents to “come out probably in two weeks” and the loans to small businesses being ready for processing “this coming week.”
Raddatz questioned Kudlow on whether the stimulus checks for citizens would be enough, given that unemployment claims have increased exponentially.
“Well, I think it will be enough,” he said.
“It's hard to know if we can help everybody, but I think … we are putting in whatever it takes,” Kudlow continued.
The president said last week that he aimed to reopen the economy by Easter Sunday, but some health officials have questioned this timeline saying the virus will not be contained at that point.
Unemployment claims reached more than 3 million last week, as industries lay off employees in the midst of the pandemic that has rocked businesses.