At this moment, the U.S. economy is spiraling downward with a force unseen in recent history. Some economic forecasters and media pundits are warning that a depression is imminent. The effects of this downturn do portend to be pervasive and toxic. But the conclusion of this study is that with the right policy prescriptions and states opening up for business quickly, we will see a very sharp contraction this summer with high unemployment followed by a strong recovery that will arrive within six months.