WILL: On two points. … We’re not in a recession as commonly defined. That is two consecutive quarters of negative growth.I hope and pray that Republicans everywhere continue to beat this drum loud and hard.
STEPHANOPOULOS: We may be running there though. Even Bernanke says so.
WILL: We’re not however. Unemployment is just about the post-war average at 5.5 percent. His second point that we’re a nation of whiners: we are the crybabies of the western world. In fact, we have an extraordinarily low pain threshold.
Sunday, July 13, 2008
George Will takes up the McCain campaign's election year economic slogan on "This Week",