Feldstein: Beware 2010 Double Dip When Economy Stalls

Wednesday, 06 Jan 2010 09:00 AM
By: Julie Crawshaw

There is a significant risk the economy could run out of steam sometime in 2010, leading to a double dip recession, warns Harvard University economics professor Martin Feldstein.

Feldstein ties this risk of a renewed downturn after the worst recession in decades to a poorly conceived government stimulus effort, The Wall Street Journal reports.

“I supported the idea we needed to have a fiscal stimulus, somewhat to the dismay of my conservative friends,â€