Don't think so at all... Facts show this is shaping up as less than a flu. The only precautions should be the sick and elderly, nursing homes, etc... It's estimated that back in March over 7,000,000 in the USA already had it, making the death rate around 0.1%. Some will get it, but some are getting it now. Removing social distancing nonsense, which most are ignoring anyway especially in stores, will allow herd immunity to build up more rapidly and be ultimately better in the long run. Bubble wrap solutions do not work.
Folks need to stop comparing to 1918 horrors and look are a more realistic comparison.