Again under Trump we found, developed, got FDA approval for, mass produced, and mass distributed test kits in record time
You can say that as many times as you want, it will not become reality. South Korea and Germany both used half a million tests each in the first month. trump had only 147 in the first month. The UK, which was very slow, had almost a thousand times as many, at 100,000 tests. During the Swine Flu, Obama gave a million tests to Americans, and sold another million tests to foreign countries.
Under trump something went
VERY WRONG for the first month of testing. There was no record time, unless you mean a record bad timing.
the vaccine looks ready to be coming out in record time as well
There are about a dozen different types of vaccines being developed by a few hundred different groups. They are all working at record pace, but there is no reason to believe any will work. We have been working on a vaccine for HIV for 40 years, and have gotten nowhere.
When (if) it does get developed by some of those groups, they will most likely have to go to India for production. India is the nation with the most spare capacity for vaccine production. It is a loss making industry, and trump cut its final taxpayer subsidies, so it is not an American industry.
The world became worried that India might move all their citizens to the front of the line, so came together in the G-20 to try to make sure they distributed the vaccine fairly. Whoever the trump appointee at the State Department was wanted to stress in all these meetings her opposition to vaccines. Unfortunately, trump appointed an anti-vaxxer to this important negotiation. So they started calling it informally the G-19, because the USA was excluded from conference calls.
The G-20(or G-19) decided to hand off the distribution question to the WHO with the one demand that Taiwan be treated as a member when it came to vaccine distribution. That is the good news. The bad news is trump reacted by taking us out of the WHO. There does not seem to be any good news with trump.
and what ever happened to all those hospital bed and ventilator shortages which were predicted?
NYC did have a ventilator shortage, and had to hook up one ventilator to multiple patients. That is only done when there is a shortage of ventilators. So far, we have kept the spread of Covid-19 slow due to lockdowns, but that is coming to two ends. It is expanding outside the hubs, so will be exploding, and the lockdowns are being loosened. I cannot promise that we will have national ventilator shortages, but it certainly is possible.