Without knowing what type of camcorder you used, and what type of video format the clips will be in, it is impossible to tell whether Premiere Elements would be a good choice for you. Premiere Elements can do a lot but it does prefer to have a camcorder that uses tape and connects to the computer via Firewire for capture.
If you do have a MiniDV Tape camcorder then yes, Premiere Elements will be a good choice for your needs.
