You sound as if you're ok with millions of people dying miserably.
You think a long period of decreased economy is bad, the spike might cause outright panics and armed unrest.
We can print dollars, we can't resurrect the dead.
If you get critically sick or injured (not COVID19 related) and hospitals are overflowing, you will suffer when no one can see you because of COVID19 cases.
Essentially given a will, we could transition part of our economy to a war footing (against the virus). Do we have the will?
Or do we capitulate and decimate the population?
Also, how do you think we will be able to support and help those more vulnerable if we don't have any economic output? Will printing money make supplies appear from nowhere?