This is my view as well. The government (fed and states) hit the big pause button on the economy for public safety. They then help out the people and the corporations get through it with unemployment checks and loans to businesses so that the intangible value (relationships and expertise) is not lost.

I generally agree that we should guard against privatizing profit and socializing losses, but I don't think it applies here. The point is to get all businesses and people back to the point they were before.