Unpopular opinion: we need to ration electricity consumption as well as fuel today, even in capitalists countries. Because that stuff actually has incredible impact on the planet, and will (must) drive consumption down, so that companies / individuals start integrating "efficiency" into their thinking
I don't see any other solution to the "exponentially growing power consumption" problem.
Rather than stimulus checks we need to be using the money to subsidize alternatives. And we can just switch subsidies. Some examples of that include that by reducing cattle subsides we can subsidize lower emissions meat alternatives or even offer free classes on how to cook meals that happen to be lower emissions, and we can stop funding airports and put that money into rail systems, similarly by removing mandatory minimum parking and reducing road funding that money can be put into transit solutions that enable less car centric lifestyles.