Irwin Stelzer offers another view at The Weekly Standard. His conclusion:
With politics trumping economics by more than the usual margin in this election year, the president is demonstrating his compassion by joining the pro-stimulus, bipartisan crowd. The plan that is taking final shape will not add to the structural budget; it will target the right people, and get the cash to them quickly; and it will be temporary. Not what big-government spenders would prefer, nor the first choice of those who believe that the effectiveness of an economic readjustment is proportionate to the pain it is allowed to inflict. But not a bad merger of sound economics with the politically possible.