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With nothing being measured by the stock market growth, yes, that is correct.
(Also those were tiny compared to free "stimulus" money for corps)
And the other way around too - all the trickle down y'all regan-ed yourself into, in what sense did that ever help anyone, not measured by the stock market?
(And this isn't even counting central banks printing money to buy govies & benefiting only the investors with that monetary policy, and for an insane amounts (7+ trillion sustained on the books?) over insane number of years - and all this do the stock market wouldn't temporarily crash, at the cost of inevitable inflation surge. This too is a stimulus, the biggest one actually. Monetary policies are for stabilisation of cycles, not a decade of producing one.)
But yes, if you dont define "what works" by "what works for you personally" then stimulus checks absolutely work, all over the world.
Also Alaska basically has monthly stimulus checks, for no particular need from the government to do so.
One problem, though. In this case we still don't know the source of this money that they are handing out. Would it become gigantic public debts, while the money will change hands to corporates very soon? The entire country is monopolized by a handful of families.