Ed Driscoll

"Dude, Where's My Recession?"

James Pethokoukis notes that the economy grew 0.6 percent in the first quarter of 2008, even with the drag of the Pelosi Premium around its neck:

Now that’s not a robust number by any means, but it’s not so bad given all the worry out there that the economy is headed off a cliff. Before you declare a recession, as many economic pundits have, shouldn’t the economy, well, actually recess a bit