Finally, smart people are taking over.
Courtesy of The Hill:
A top health adviser to President-elect Joe Biden suggested that the nation is well-positioned financially to withstand a lockdown of more than a month in an effort to get the coronavirus pandemic under control.
“When you look at the personal savings rate in this country, it’s now gone from about 8 percent to over 22 percent. We have a big pool of money out there that we could borrow. The historic low interest rates by the federal government, we could pay for a package right now to cover all of the wages, lost wages for individual workers, for our losses to small companies to medium sized companies, for city states, county governments. We could do all of that,” said Michael Osterholm during a live event this week with Yahoo News.
Osterholm, the director of the Center for Infectious Disease Research and Policy at the University of Minnesota, said there are varying ideas in terms of public perception of “what a lockdown is all about.”
“If we did that, then we could lock down for four to six weeks,” he said. “And if we did that, we could drive the numbers down, like they’ve done in Asia, like they did in New Zealand and Australia. And then, we could really watch ourselves, cruising into the vaccine availability in the first and second quarter of next year, and bringing back the economy long before that.”
Biden, who was projected as the winner of the 2020 presidential election on Saturday, has vowed to end the coronavirus pandemic and promised to “listen to the scientists” to get it under control.
I know people are panicky about the idea of another lockdown, but let’s face it, that is ultimately what we are going to have to do.
Doing it intelligently will be the big change here and making sure that people do not starve or lose their homes has to be a prerequisite.
The patchwork approach used by Trump and the Republicans did not meet the needs of the people staying home from work, and that forced them to go back to work prematurely which sabotaged any progress we might have made.
I also hope that the Biden administration institutes workplace guidelines to keep essentially workers safe, and hopefully gives them more money in their paychecks to thank them for their service.
In this environment, even grocery store clerks and fast-food workers should receive hazard pay.