How is it different from tax cuts for the rich? Other than being way less free money, of course.
Politicians make promises, people vote for or against those things in hopes of getting or stopping them.
That's how elections generally work.
In the past, Democrats would vote for freebies. Of course, the greedy public would vote for them. Then Democrats would have to raise taxes to pay for it. But the economy would tank from higher taxes. So the public would get scared, and vote in Republicans who they thought had a better hand on fiscal responsibility. So they would lower taxes and get the economy on a decent footing. Then the public would forget and vote for Democrats again and the whole thing would start over.
Now the Republicans have joined the Democrats in giving away free stuff. They still know it's wrong but they want to get the votes too. So they vote for freebies; just not as many. They have a little bit of a guilty conscience, unlike the Democrats who feel free money is a right. So now there's no check and balances as both sides spend and spend. We're in for hard times.
Corporations are for socialism for the rich and crony capitalism. Everyone's at the money trough. All the spending the Fed and COngress will do under the guise of helping regular people will help the rich out the most. It's why there such a greater difference between rich and poor. Since most of the money goes to companies, owners and people with assets get most of the money. The poor schnook gets squat even though the politicians tell him they're doing it for him. Redistribution eventually makes everyone poor except for those at the top.