All Risk, No Reward: Identifying the Economic Fallout from Premature Reopenings   [open pdf - 0B]

From the Document: "It has been nearly six months since the first case of COVID-19 [coronavirus disease 2019] was reported in the United States, and states and localities have since struggled with how to best balance public safety and economic activity. The Trump administration's repeated abdication of responsibility for addressing the health and economic crises during the initial stages of the coronavirus pandemic has led to widespread speculation of what path forward is best and, as a result, a patchwork of lockdown restrictions. The administration also failed to provide enough tests; refused to help find states enough personal protective equipment (PPE); left states and localities to compete against each other for ventilators and other medical equipment; pushed states to open before it was safe to do so; and opposed extending much-needed benefits to struggling families. As such, the burden of addressing the public health crisis and its economic fallout has largely fallen on state governments and their elected officials, some of whom have openly stated that the economic costs of imposing stay-at-home orders are worse than the public health gains."

Center for American Progress
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