No, it didn't help, but it was only part of the bill.
I'm not rabidly against BHO, but there is no question that his primary response to any problem was to bury it in money, and protect the richest segment of the population. For wall street, he was nothing less than the messiah come to relieve them of their burdens. He didn't even mind that after giving them vast sums of money, they gave him the finger.
He's probably a pretty good guy, but like every politician at that level, he's totally disconnected from the people he's supposed to be looking out for. It also disturbs me that he's so concerned with the welfare of illegal immigrants, his job is to look out for US citizens, so he should do them first.