Reagan and Trump's policies are very similar, with both utilizing tax cuts in an effort to incentivize investment and growth. Trump's approach to finance and economics are near polar opposite to Obama's in 2008. If we see a recovery, with Trump as President. It will more closely resemble the 1987 recovery, when Reagan was President.
I think this crash better parallels 1987 than 2008 but it's not because of the policies mounted in response. Trump and Obama's stimulus policies are almost exactly the same. It's a matter of circumstance. 2008 resulted from systemic failures, not an external catalyst like 2020.
-Not everyone receives the $1200. Only recently unemployed workers afaik.
Pretty much everyone who makes < $99,000 a year and has a Social Security number will get a check. Even Social Security beneficiaries who already get government checks will get one. The expansion of unemployment benefits is a separate thing.
https://www.cnbc.com/2020/03/25/congress-to-send-taxpayers-1200-checks-in-the-wake-of-coronavirus.html