It is a popular joke that when three economists meet to discuss an issue, they are sure to have four different opinions between them. Economics is a rather complex subject. This is particularly so because all economic theories are based on at least some simplifying assumptions that do not exist in real life.
So I do not think I have enough data available to be able to evaluate or even form some general opinion about President Obama's Stimulus Plan. But, I am very clearly in my mind about one thing. Under the prevailing economic condition marked by severe recession, it was absolutely essential to take some steps to stimulate the economy. President Obama has done that. He has acted promptly and acted boldly.This in itself is a good sign. What will be the net result in the end we do not know.
Coming to the the conflicting opinion expressed about the plan by economist, I think, this kind of controversy would have been created irrespective of nature of measures taken by President Obama. Perhaps, even if USA recovers from the current problems, some economist will claim that the recovery would have been faster if some other plan advocated by them was adopted.
How you should for an opinion about the subject will definitely depend on your interest and the purpose of forming the opinion. An economist, or even someone aspiring to become an economist should perhaps spend much more time and effort in collecting real data, rather than trust just loose statements. Also one who forms an opinion just to be able to discuss this issue in a drawing room can afford to be casual in his or her approach, but a chief executive formulating company strategy will need to be more thorough.
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