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MASKING FOR CASH

National mask mandate ‘could save US economy $1TRILLION’ by preventing huge GDP losses caused by more lockdowns

A NATIONAL mask mandate could save the US economy $1 trillion and prevent huge GDP losses triggered by another coronavirus lockdown, new research revealed.  

Face coverings have become highly politicized over the course of the COVID-19 crisis as officials plead with President Donald Trump to set an example and wear one.

 Joe Biden said if he's elected, he'll make coronavirus masks mandatory
Joe Biden said if he's elected, he'll make coronavirus masks mandatoryCredit: AP:Associated Press
 Nancy Pelosi said 'real men wear masks'
Nancy Pelosi said 'real men wear masks'Credit: Reuters
 Cuomo urged President Trump to mandate face coverings to stop the spread
Cuomo urged President Trump to mandate face coverings to stop the spreadCredit: AP:Associated Press

New research from Goldman Sachs shows that ensuring all Americans wore a mask would actually slow the coronavirus spread – as well as preventing a 5 percent Gross Domestic Product (GDP) loss brought on by another lockdown.

This would save the nation $1 trillion that would otherwise be shaved off the GDP if people were forced to stay home again.

The GDP is a snapshot of the value of everything made within the US, like a scorecard of the country's economic wellbeing.

“If a face mask mandate meaningfully lowers coronavirus infections, it could be valuable not only from a public health perspective but also from an economic perspective because it could substitute for renewed lockdowns that would otherwise hit GDP,” the researchers wrote.

Analysts for Goldman's revealed that wearing face coverings has a significant impact on the outcome on the country's progress.

 Cuomo urged Trump to 'put a mask on it'
Cuomo urged Trump to 'put a mask on it'
 Cuomo said the president should make face coverings mandatory
Cuomo said the president should make face coverings mandatory

They found that a federal mask mandate would “meaningfully” increase mask usage across the country as people covered up in public places.

This would have a notable impact in Republican stronghold states like Florida and Texas, where residents don't have to wear a mask but cases are rising.

What's more, a national mandate would increase the portion of people who wearing masks by 15 percent.

It would also cut the daily growth of new cases – which are surging in certain states – by between 0.6 percent and 1 percent.

But masks have become a partisan issue.

 Biden can be seen wearing a face covering
Biden can be seen wearing a face coveringCredit: Getty Images - Getty
 Trump holds the POTUS-emblazoned mask in his hands during his tour of Ford in May
Trump holds the POTUS-emblazoned mask in his hands during his tour of Ford in MayCredit: Reuters

Presumptive presidential nominee Joe Biden said on Thursday that if elected in November, he'd do "everything possible" to ensure people wore face masks during the pandemic.

Earlier this month, House Speaker Nancy Pelosi also urged Americans to cover up their nose and mouth, saying “real men wear masks."

On Monday, Democratic New York Governor Andrew Cuomo appealed to Trump to put on a mask on by superimposing one on the President's face during his daily press briefing.

"The President can do two things. First, sign an executive order directing everyone to wear a mask," Cuomo said in a statement.

"[He] doesn't have to pass a piece of legislation, doesn't have to call the Congress, just sign an executive order saying wear a mask.

 If Americans were mandated to wear masks, it could save the economy one trillion dollars
If Americans were mandated to wear masks, it could save the economy one trillion dollarsCredit: Alamy Live News
 Speaker of the House Nancy Pelosi, D-Calif., wears a DC 51st state mask as she attends a press conference on voting rights, on Capitol Hill in Washington, DC on Friday, June 26, 2020
Speaker of the House Nancy Pelosi, D-Calif., wears a DC 51st state mask as she attends a press conference on voting rights, on Capitol Hill in Washington, DC on Friday, June 26, 2020Credit: Alamy Live News

"Then let the President lead by example and let the President put a mask on it because we know it works."

Fox News’ Steve Doocy has also pleaded with Trump to don a face covering, saying it would "just set a good example."

“I think that if the president wore one, it would just set a good example. He’d be a good role model. I don’t see any downside to the president wearing a mask in public,” Doocy said on Tuesday.

"MAGA’ should now stand for ‘Masks Are Great Again.’ Let me give you some marketing advice right there,” he told Ronna McDaniel, the chair of the Republican National Committee.

Trump has yet to be seen publicly wearing one, bar briefly putting on his POTUS-embroidered mask during his private tour of the Ford factory in Michigan last month.

"I didn't want to give the press the pleasure of seeing it," Trump said before showing off his own fabric face covering, which he'd reportedly removed for most of his visit.

"It was very nice. It looked very nice. They said [it was] not necessary."

 Dr Anthony Fauci is seen here wearing a face mask amid the coronavirus pandemic
2
Dr Anthony Fauci is seen here wearing a face mask amid the coronavirus pandemicCredit: Represented by ZUMA Press, Inc.
 Ivanka Trump is seen here wearing a face mask
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Ivanka Trump is seen here wearing a face maskCredit: AP:Associated Press
 The president held a mask in his hand during his visit to the Ford factory last month
The president held a mask in his hand during his visit to the Ford factory last monthCredit: Reuters
Cuomo trolls Trump with mask photoshop during coronavirus news conference, joining with Pelosi in call for mask mandate
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