I hate to say it, but I sort of agree that another round might be necessary ... *hides from inevitable flames*
"Money" is disappearing from banks at a really alarming rate, non-borrowed reserves are way negative. Banks are failing, more will follow. You have to counter this deflation with some inflation, or everything goes 'poof.'
Of course this won't fix things in the long-run (and by long-run, I mean like 2-3 years, lol), and of course it will only make things worse... but... Are sitting politicians really going to let the economy completely fail on their watch? They're going to do whatever it takes to make sure that doesn't happen.
We should be scrapping the entire system, of course, but unless you have politicans committed to doing that (and you don't, because they wouldn't be given money by the banks and elite business interests needed for election), this is the only other option available to them.
This sort of makes our job spreading the word easier, too, because if they give out another round of checks, everyone will realize how comical the situation is. The national debt will be pushing like 12 trillion by the end of next year, and people are just going to have to start waking up, the cracks in the system will just be too obvious, if they aren't already.