The economy is going to be held back until people feel safe. The quickest way to feel safe is to dramatically reduce the number of cases and then aggressively control. Think back to January. There were cases in the US but no one worried because they trusted public health officials would keep it under control. Right now that confidence and trust is gone. Until it's restored, the economy will not come back. I think it would be far better to do 21 days of a national shelter in place then months of half measures that draw out the economic pain without really addressing the core problem.
Let me be clear, I'm pro-economy here. I'm way more worried about a second great depression than a second Spanish flu. But I think we have to be realistic about what is really holding back the economy. I do think if you went back in time a few months, you could have devised a plan that allowed some better balance. We can't go back in time and have to deal with the reality of the situation we're in.