On the face of it, this seems bizarre. Over the last two years profits have soared while unemployment has remained disastrously high. Why should anyone believe that handing even more money to corporations, no strings attached, would lead to faster job creation?
Speaking of bizarre, one would think that a Nobel Prize winning economist would know that not raising taxes on someone isn't the same has handing over money to them.

The only reason some people get lost in thought is because it's unfamiliar territory. - Paul Fix