Biden Covid Adviser Warns of a 4-to-6 Week National Lockdown to Drive Down Covid Numbers

EXCERPT:

OSTERHOLM: “You know, I'd refer everyone back to an op-ed piece in early August that Neel Kashkari, the president of the Minneapolis Federal Reserve Bank, and I did in the New York Times. Number one, we predicted where we'd be right now. We said this would happen if we did nothing different. Number two is that 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. If we did that, then we could lock down for four to six weeks. 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."