The global impact through USA..

The efforts of new president Obama, to help the economy of US "the Stimulus Bill" may be one of the first steps towards his responsibilities. 
Some say, the bill amount though amounting to $825 billion is an “undershoot”, while others say that it will be helpful to put the economy back on tracks. 
The Republicans are not happy with the change in tilt of the stimulus bill towards spending from tax cuts. 
Another point of view is that the bill will help in reviving the trade of US goods, however the risk of trade war is also there if the government tends to motivate the domestic players. 
Fixing the biggest economy will have global implications, but how hard or soft only time can tell!!