"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