Economic Stimulus - What Economists Think
The congress and the administration are now in agreement that the economy needs a fiscal stimulus. They also have a working agreement on what it will include.
In my classes, we've gone over how this will work, and I've noted that most economists are fairly skeptical about it having any real effect. The concensus view seems to be that it won't help much, but it won't hurt too much either. My personal opinion is that I'll be glad to take the money, but I don't think it will have much impact on the economy as a whole.
For those who would like to see what other economists have to say I offer the following (in no particulat order.)
From Bruce Bartlett - Feel-Good Economics
There are others, but you get the idea.