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Photo: Joe Raedle/Getty Images

President Trump promised on Wednesday to lift the economy "to unprecedented heights" and bring about a quick "return to full employment," but did not lay out specific economic plans for a potential second term.

Why it matters: Economists have largely abandoned expectations that the economy and labor market will spring right back to pre-pandemic levels. Instead, they are bracing for an uneven, sluggish road back.

What he's saying: President Trump told an event hosted by the Economic Club of New York on Wednesday that "we're going again for a big middle-income tax cut" — which he also promised ahead of the 2018 elections — but didn't provide specifics.

  • Trump also said he has an infrastructure plan now, "but we're gonna make it much bigger." He did not elaborate.
  • Trump positioned the election as "a choice between a socialist nightmare and the American Dream," and he claimed a Joe Biden victory would cause a "steep" economic depression.

The big picture: President Trump also said the White House was "trying to get some stimulus money" for industries battered by the pandemic, like the airlines and cruise lines.

  • He said he'd like to see the Democrats "loosen up a little bit" — a week after Trump called off negotiations and then demanded that Congress "go big or go home" on stimulus.
  • Negotiations remain at an impasse. Treasury Secretary Steven Mnuchin, who had a call with Speaker Nancy Pelosi on Wednesday, said that it's unlikely there will be a COVID relief deal before the election.

Go deeper: Where Trump stands on economic promises

Go deeper

Off the Rails

Trump turns on Pence

Photo illustration: Eniola Odetunde/Axios. Photos: Elijah Nouvelage, Alex Wong/Getty Images

"The end is coming, Donald."

The male voice in the TV ad boomed through the White House residence during "Fox & Friends" commercial breaks. Over and over and over. "The end is coming, Donald. ... On Jan. 6, Mike Pence will put the nail in your political coffin."

Off the Rails

Descent into madness

Photo illustration: Sarah Grillo/Axios. Photos: Tom Williams/CQ-Roll Call, Chip Somodevilla/Getty Images

President Trump was sitting in the Oval Office one day in late November when a call came in from lawyer Sidney Powell. "Ugh, Sidney," he told the staff in the room before he picked up. "She's getting a little crazy, isn't she? She's really gotta tone it down. No one believes this stuff. It's just too much."

Off the Rails

Last stand in Georgia

Photo illustration: Aïda Amer/Axios. Photo: Drew Angerer, Raymond Boyd/Getty Images

On Air Force One, President Trump was in a mood. He had been clear he did not want to return to Georgia, and yet somehow he'd been conscripted into another rally on the night of Jan. 4.