Imagine you just got elected president

Imagine you just got elected president during the midst of the worst economic disaster in decades and your economic advisors sit down and say "Mr. President, if we just allow the economy to fall and self-correct, it will quickly bounce back like a ball, and everything will be fine. That's what we think will happen. But there's also a chance the economy will fall more like a beanbag, and then just flatline for many years, with 25% unemployment and massive homelessness, which will ultimately mean the government will have to spend trillions to restart the economic engine, and by that time it might not even work"

As the president, would you take the bet that the economy would bounce back like a ball? or would you take out an insurance policy so you won't be forever remembered as the president who allowed the economy to be completely destroyed?