Generally no, but I cannot think of any ways to help the economy in the short term. Interest rates have dropped, gas prices are dropping... and so too has people's investments and their jobs because of social distancing. People are going to be hurt financially very badly by this crisis and unlike when Bush was President and cut people checks for a few hundred, that was during a normal correction/downturn in the economy, not some microscopic virus floating in the air forcing people to stay home.I guess that $1000 per ?taxpayer? is a done deal. Handing out free money is an End Game; either it works and things get better or we find ourselves with extra $Trillions in debt still going deeper.
Forgot the other part - handing out money NEVER WORKS.
BTW, the talk is that it may be $2000, not 1000.
I'm figuring that the government is projecting that we're going to lose millions of people to this virus and they will be overwhelmingly seniors who are on Social Security. Basically, they're expecting that next year the expense on those seniors is going to drop because they're dead, thus they're going to have all this extra money and for right now, because we've all seen the polls that 60% of people live paycheck to paycheck, they're gonna cut people checks.
Although, if the amount of people the gov is projecting will die is not as high, say half the projection, then yeah, we're going to have to pay that money back in the future, likely through an increase in income tax.
Under normal economic circumstances, this is a bad move, but a pandemic is far from normal.