Seriously Republicans should be all over this.
Courtesy of CNN:
Wearing a face mask during the pandemic saves lives. And it may save the economy, too, according to Goldman Sachs.
On Monday night, the investment bank released an extensive analysis that makes the economic and medical case for a national mask mandate.
By studying the link between coronavirus infections and mask mandates in US states and overseas, the Wall Street bank estimated a national mandate could cut the daily growth rate of confirmed cases by one percentage point to just 0.6%.
That, in turn, could prevent the need for dreaded lockdowns that would wipe out 5% from US GDP, the report said. “We find that face masks are associated with significantly better coronavirus outcomes,” Jan Hatzius, chief economist at Goldman Sachs, wrote in the report.
In April, the federal government issued a “recommendation” to wear masks in public. However, unlike such countries as Germany, India, Italy, the United Kingdom and Mexico, there is no nationwide requirement to do so in the United States.
A national mandate would increase usage “meaningfully,” especially in states such as Florida and Texas where masks are worn mostly voluntarily, the Goldman Sachs report said. Overall, a mandate could lift the percentage of people who wear masks by 15 percentage points nationally.
“Our analysis suggests that the economic benefit from a face mask mandate and increased face mask usage could be sizable,” Hatzius wrote.
IN case you are wondering how much this all means in real dollars, Forbes did the math for us:
Reducing the spread of the virus through mask-wearing, the analysts found, could be a substitute for strict lockdown measures that would otherwise shave 5%—or $1 trillion—off the U.S. GDP.
Now it almost every other scenario I can think of the opportunity to save the country 1 trillion dollars would have Republicans stampeding over each other for the chance to offer their endorsement.
But this is now Trump’s GOP and they are too afraid of being seen as weak, or worse yet, as a Democrat to come out and support making mask-wearing mandatory.
And so people will continue to die and the economy will continue to suffer, all in the name of abject stubbornness.