At the risk of being disagreed with and pwned, I believe it will do exactly as its designed to do.
I believe the economy will be greatly stimulated and it will have a lasting effect on the economy. I figure the economy will start to rise again after these millions of checks start going out. This rise may just be a catalyst t o start another economic upturn for the next several years. If that occurs, then these actions were effective, no matter what type of pessimism is thrown at these actions....*cough*digimark*cough* π
I understand the logic behind this legislation. Literally billions of dollars could be lost even if our economy's growth is just slightly slowed, much less going into a recession. If this money DOES jump start the economy to a nice HEALTHY upturn, then literally billions of dollars in differential growth would occur, possibly generating much more than just a $130 billion in a differential growth.
Of course, nay sayers my attribute the growth as non-related if there isn't a sudden spike in the economy.