On the recordApril 21, 2020
Mr. President, no amount of money--not all the money in China--will save us from ourselves. Our only hope of rescuing this great country is to reopen the economy. If you print up billions of dollars and give it to people, they are unlikely to spend it until you end the quarantine. The good news, though, is that the scientific community finally has facts instead of conjecture. The models that used 3.4 percent mortality were, fortunately, very wrong. Random samples of thousands of people have now been tested for antibodies or immunity to coronavirus. Two large randomized studies in California show similar results. The number of people who already developed antibodies to the coronavirus is 25 to 50 times higher than the number that is being reported as infected. This is great news. This study means that the mortality rate may well be 25 to 50 times less deadly than previously thought. The virus is still dangerous, and we shouldn't ignore the risks, but we should put those risks in perspective. These randomized tests indicate that, instead of a 3.4 percent mortality, that the rate could be as much as only 0.1 percent or 0.2 percent. We now have scientific evidence from randomized studies that we can manage this disease without continuing the draconian lockdown of the economy. The question before us isn't to do nothing or to print endless amounts of bailout cash. The debate should now include the one choice that will get our economy growing again: reopening American commerce.…
Source
govinfo.gov




