Ultimately, there are 2 ways out of this. Herd immunity or contact tracing.
To establish herd immunity, the easiest/best is a vaccine, but that will take at least a year to develop. The other way to get herd immunity is to just let the virus spread. I heard something like 50% of a population would need to get it. That would be something like a million dead Americans, assuming the health care system is able to keep up. It would be much higher if we demand more healthcare than we are able to deliver.
The other option is extensive testing and contract tracing. This presents extensive civil liberties issues though. Authoritarian regimes, like China, don't have to worry about this drawback though. They have instituted a bar code system to prove you have a low risk of having the virus. Apple and Google are working together to develop a system to uses Bluetooth to see you have come near and then inform those people if you test positive. The podcast I mentioned earlier brought up an interesting point that I hadn't noticed before. The US would be in an easier position to implement a solution to this than Europe. Even though we have greater constitutional protections, we have already given much of that data (and the permission to use that data in some ways) to companies. Europe has the GDPR which limits how companies use data.
We will need to give up some civil liberties to get the country and economy back working again. We just need to make sure we get them back when this whole thing is over.
How to balance the economy versus public health is a valid point place to argue. But a great economy is not the desired end state. An emotionally-fulfilling, free, (etc.) life with the people you want to be with is the desired endstate. A good economy is one of the methods to get there, but so is health.
I just wish the President cared more about that than appearing in front of cameras (and pushing some drug).