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Tuesday, May 6, 2008

What recession?

By George Dienhart

Larry Kudlow also had a piece in the National Review on the economy. He echoes what I said last week, agreeing that there is not yet a recession, much less a meltdown. He also credits the Bush administration:

"President George W. Bush may turn out to be the top economic forecaster in the country. About a month ago he told reporters, 'We're not in a recession, we're in a slowdown.' ... We're in the midst of the most widely predicted and heralded recession in history. Problem is, so far it's a non-recession recession. Score one for President Bush. In an election year, it could be a big one."