All those panicking on the account of economic downturn need to remember that the US need not run faster than the bear, economically, it only needs to run faster than the other guy. Which it will. For starters, the US has 16% of population over the age of 65, compared to e.g. 21% in Germany, 22% in Italy and 20% in France. Population density is much lower here. There are 2.5x ICU beds per capita as well, and more diagnostic equipment, too. A lot fewer people use public transport. Strong containment measures were also taken _earlier_ in the infection cycle than e.g. in Italy.
I mean, sure there's some well publicized incompetence at CDC and FDA, that happens, but to say that the US is _more fucked_ than e.g. continental Europe is just not in alignment with reality.
Later this week the improved test kits should arrive en masse, and then we'll see how bad the situation is. Right now it's just pure conjecture and panic.