It is interesting that people can look at the same information and have completely different take aways. At this point we only have "opinions" and there won't be harder facts on who is right till the fall.
For me all you have to do is look at that house bill to see the purpose of this panic, it is to fundamentally transform America by massively expanding the role of the government beyond its current gargantuan size.
I still have not seen specific examples of hospital over capacity, despite everyone saying so. The ground reports I see from new york where it is worst the system is still not over capacity. There are 5K hospitalized due to this and ~1K in the ICU currently. What is often missed is hospitals are a business and always keep spare capacity low, they usually run at 60% of capacity in NYC. Bad flu seasons can and do result in running out of capacity. But the system is designed for this and to rapidly grow capacity when needed, which is what has already happened in NY and elsewhere through a mix of local expansion and military actions. Its only worst case "forecasts" that predict running out of capacity, but that has yet to happen.
Every single full population study, which are the only reliable numbers, show this to be a bad flu where most people exposed do not get it, and the majority who do are asymptotic or have mild cases. There are tons of reports of an uptick in flu-like cases in Dec/Jan which were diagnosed as not the flu but a some other virus. It is highly likely the number who already had it or were exposed is much larger than the current numbers and places like NY are already peaking in this wave. 1) We know the numerator is roughly correct and 2) we know the denominator is incorrect and too low, the argument is how too low is it. As viruses go this one is hardy and can stay on surfaces for days or even weeks. That will spread wide and fast, much faster than reported.
What I think is most interesting/concerning are the growing calls for a permanent lock down until a cure is found.
What exactly will this accomplish? It won't prevent people from getting it, it just delays that. The only purpose it serves is to destroy the economy, destroy Trump's reelection chances and massively increase the number of people who depend on the government.
The coming April news cycle will be a Trump arguing to open up with the argument that time was bought to ramp up capacity, the left will explode on that with claims that Trump is literally killing people for a dollar. One side will be right and the other side will be wrong, but if you take the position that people need to stay under lockdown for a year even if it means they lose everything and it then turns out to not be that bad and we are already close to the peak, well people will notice that.
My prediction continues to be this clocks in with similar numbers to H1N1 and <100K deaths, if so there is going to be a lot of questioning over the cost of the reaction.