It in fact does matter how much is spent. If current spending trends continue, my children and grandchildren will be paying for excessive spending during the late Bush and Obama administrations, from bills created by crooked Democratic legislators that make the corrupt Republicans they succeeded look good.
It's a good thing that health-care thing bit the dust though. That would by no means be investing in the general good of America.
The stimulus packages have had a good effect on many things at the local level, such as a new fleet of buses in Hartford, CT and a new bridge in another town. However, these bills were thrown through Congress with lobbyists and lawyers adding on little bits, resulting in my money being spent towards numerous pet projects which do not benefit the general public; $246 million tax break for Hollywood movie producers to buy motion picture film, $75 million for smoking cessation activities, $25 million for tribal alcohol and substance abuse reduction, $6 billion to turn federal buildings into “green” buildings, $100 million for reducing the hazard of lead-based paint just to name a few porkers*. That bill could have been trimmed down a lot.
But, of course, many of those legislators and politicians we've got in there are passing bills thousands of pages long without even reading them. The Bible, a book covering over a millenium of history and much more, is far shorter than some of these bills. And Obama is campaigning for their passage.
*From House Republican leaders' "Stimulus Waste List"