Updated: March 26, 2020 05:24 PM
Created: March 26, 2020 06:01 AM
ROCHESTER, N.Y. (WHEC) - Billionaire Tom Golisano, speaking from his home in Florida, told Bloomberg he is worried about the economy.
"The damages of keeping the economy closed as it is could be worse than losing a few more people," the founder and chairman of Penfield based Paychex said."I have a very large concern that if businesses keep going along the way they're going, then so many of them will have to fold."
Golisano's comments come on the heels of similar commentary from President Trump who says he doesn't want the cure for COVID-19 pandemic "to be worse than the problem."
Some of America’s wealthiest people and executives are echoing his rallying cry.
They want to restart an economy that could face it's worst quarterly drop ever, even if it means backing off on social-distancing measures that public health officials say could help stop the coronavirus.
The president says he hopes to have the economy back up and running around Easter.
However, this goes against what the World Health Organization is recommending.
Copyright 2020 - WHEC-TV, LLC A Hubbard Broadcasting Company