CNN headline is a bit misleading... Feldstein actually believes, like many economists including Nobel winners Stiglitz and Krugman, that the Obama stimulus wasn't large enough. Put the recession and the stimulus package into perspective - we spent $800 billion to try and fix a $14.5 trillion economy, that's a little over 5%.
If you are a business owner and your company started to fail on a scale equal to the recent recession but you felt it was worth saving and could again be successful with the right investment or capital infusion, would you think 5% of the company's worth would be enough to get it done? And what if you could borrow against your company's value at historically low interest rates (as many US companies have done over the last few years)? I have yet to meet a business owner who, once the stimulus is put into perspective, doesn't start to question their own position on the issue.
Feldstein: Economy worse than it appears, blames Obama - Jun. 8, 2011