There are a couple of things people are not considering. First, the majority of people are going to place their check into some sort of financial account. This will further increase liquidity in the banking system which, besides the housing downturn, is the root of this problem. Considering the multiplier effect, the billions of dollars injected in the system has the potential turn into trillions of dollars of loans which would significantly stimulate the economy. Second, corporations are receiving tax credits and accounting benefits for capital purchases. Too many people in this country have no idea how the economic system works and feel their limited knowledge is enough to criticize the collaborative work of economists.
