Nouriel Roubini: Government Gridlock Ensures 2012 Recession
November 23 — If you thought the economy was starting to pick up and perhaps was even off to the races after months of positive GDP growth and much better than expected consumer health, think again. That's according to, Nouriel Roubini, professor of economics at New York University, who says the U.S. economy is destined for another recession in 2012 on account of partisan politics in Washington.
On Monday, after the bipartisan 12-member super committee announced its failure to agree upon $1.2 trillion in cuts over the next 10 years, Roubini, also known as Dr. Doom, tweeted the following: "Super-Committee: Super-Failure, Super-Pathetic, Super-Gridlock, Super-GOP-Lunacy on Taxes, Super-Fiscal Drag in 2012 that ensures double dip." Read more and watch the video.
