Could this provide the much needed stimulus ?

In perhaps the most actionable step till date, the US has come up with a plan to buy risky assets and clear the clogged US economy.

Details of the plan is available at http://www.nytimes.com/2009/03/24/business/economy/24bailout.html?pagewanted=1&hp

Wall Street seemed to buy this plan, shown by the Dow's trading up by 300 points by Noon.

I think these are bold steps by the US government and should have an effect on kick starting economies across the world.