Potential For Self Induced Recession In US

This article points to a study in the US that predicts a double dip recession in the US. The recession may be self induced because the Obama stimulus winds down shortly, and the administration is being forced to cut spending because of the deal that it made with the GOP. It is unlikely that political situation in the US will enable the administration to plug the spending gap with new measures that might prevent recession. It may the first time that we entered into recession, by choice, for reasons other than the easing of inflation threats.