Exact opposite. We are in the midst of the COVID hangover.

So that govt money went to the wealthy to buy up houses (Californians bought real estate in the Midwest as investments and it drove up housing prices along with small immigration to these states)

Farmers etc benefited from bailouts when they were doing very well. It was a large blunder.

All that money directly led to housing inflation that still hasn't settled. The PPP loans were all forgiven (which massively favored business owners and upper class).

Meanwhile student loan forgiveness was overruled by the supreme court.

It's really hard to ignore the implication that it ended up being more like a wealth transfer than anything else.

It may be what they should have done, but the effect was still inflationary. There is no free lunch.