Trump and Biden address the difference they see on how the economy is working

Trump say it is a “V” shaped recovery while Biden says it is a K shaped recovery.
5:17 | 09/30/20

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Transcript for Trump and Biden address the difference they see on how the economy is working
Yes. The economy is, I think it's fair to say, recovering faster than expected from the shutdown -- Much faster. In the second quarter. The unemployment rate fell to 8.4% last month. The federal reserve says the hit to growth, which is going to be there, is not going to be nearly as big as they had expected. President trump, you say we are in a v-shaped recovery. Vice president Biden, you say it's more of a k-shape. What difference does that mean to the American people in terms of the economy? President trump, in this segment, you go first. So, we built the greatest economy in history. We closed it down because of the China plague, when the plague came in, we closed it down, which was very hard, psychologically, to do. He didn't think we should close it down and he was wrong. Again, 2 million people would be dead now instead of, still, 204,000 people is too much, one person is too much. Should have never happened from China. But what happened is, we closed it down and now we're reopening. And we're doing record business. We had 10.4 million people in a four-month period that we've put back into the work force. That's a record the likes of nobody's ever seen before. And he wants to close down the -- he will shut it down again. He will destroy this country. You know, a lot of people between drugs and alcohol and depression, when you start shutting it down, you take a look at what's happening at some of your democrat-run states where they have these tough shutdowns and I'm telling you, it's because they don't want to open it. One of them came out last week, you saw that, we're going to open up on November 9th. Why November 9th? Because it's after the election. They think they're hurting us by keeping them closed. They're hurting people. People know what to do. They can social distance, they can wash the hands, they can wear a mask. They can do whatever they want. But they got to open these states up. When you look at North Carolina, when you look -- and these governors are under siege. Pennsylvania, Michigan and a couple of others, you got to open these states up. It's not fair. You're talking about almost like being in prison. And you look at what's going on with divorce. Look at what's going on with alcoholism and drugs, it's a very, very sad thing and he'll close down the whole country. This guy will close down the whole country and destroy our country. Our country is coming back incredibly well. Setting records as it does. We don't need somebody to come in and say, let's shut it down. All right. Your two minutes sir. We have now moved to you. As I said, posing the question, the president says it's a v-shape recovery, you say it's a k-shaped recovery. What's the difference? The difference is, millionaires and billionaires like him in the middle of the covid crisis have done very well. Billionaires have made another $300 billion because of his tax proposal and he only focused on the market. But you folks at home, you folks living in Scranton and all the small towns and working class towns in America, how are you doing? This guy paid a total of $750 in taxes. Sir, it's -- you've agreed to the two minutes, let me have it. Do I get my time back? The fact is, he has, in fact, worked on this in a way he's going to be the first president of the United States to leave office having fewer jobs in his administration than when he became president. Fewer jobs than when he became president. First one in American history. Secondly, the people who have lost their jobs are those people who have been on the front lines. Those people who have been saving our lives, those people who have been out there dying. People who have been putting themselves in the way to make sure that we could all try to make it. And the idea that he is insisting that we go forward and open when you have almost half the states in America with a significant increase in covid deaths and covid cases in the United States of America. And he wants to open it up more. Why does he want to open it up? Why doesn't he take care of the American people? You can't fix the economy until you fix the covid crisis. And he has no intention of doing anything about making it better for you all at home in terms of your health and your safety. Schools, why aren't schools because it costs a lot of money to open them safely. You know, they were going to give, his administration was going to give the teachers and school students masks. Then they decided, no, couldn't do that because it's not a national emergency. Not a national emergency. They've done nothing to help small businesses. Nothing. They're closing. 1 in 6 is now gone. He ought to get on the job and take care of the needs of the American people so we can open safely. All right. Your time is up, sir. We're going to get -- I have to respond to that. Well, you both had two minutes sir. Excuse me. He made a statement. So did you. People want their schools -- no, people want their schools open. They don't want to be shut down. They don't want their states shut down. I look at New York. It's so sad what's happening in New York. It's almost like a ghost town and I'm not sure it can ever recover what they've done in new York. People want their places open. They want to get back to their lives. People want to be safe. They're careful, but they want -- Okay. Brought back big ten football. It was me and I'm very happy to do it. And -- All right. The people of Ohio are very proud of me and --

This transcript has been automatically generated and may not be 100% accurate.

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