A recession? Maybe, maybe not. Maybe soon, maybe already.
Interesting, however, that a Presidential election most everybody thought would be decided by Iraq (which a President can actually do something about), will more likely be about economic issues (which a President can do little more than wring his hands over).
Neither Regan or Bush wrung their hands. They pushed for supply-side taxes cuts and got them.
McMittRudiFred aren't going to go all wobbly on economics like the feckless GHW Bush.
And Hillary ... delenda est!!1