What do you think?

In an effort to help the recession, the government has been printing billions and billions of dollars for bailouts/stimuli/etc.

What do you think the ramifications of printing all of this new money will be in terms of the value and spending power of the dollar? How long do you think it will be before we see any negative effects if any? If you see a negative effect, what are some ways you can think of to "hedge" or help to limit the effects of that negative outcome?

Keep in mind I am not attempting to make a political debate with this question, so please answer accordingly keeping out political parties and the like.