Before there can be recession the economy has to slow. A recession being two straight quaters of negative growth in the GNP.
W, did not pull us out of a recession, he put us in one immediatrly after he took office with his tax cut to the rich. This took a huge amount of money out of the econmy money that was being spent. Higher Oil prices are a drag on the econmy the huge W war defecits but his tax break for the rich decreasing revnues an dthe war increasing expeditures, Th edefecinets have a upward affect on interst rates. Higher interst rates tend slow the economy, since most projects are financed,ie, money is borrwed to do them. Higher inter rates means fewer new projects. Of course to W's consituaincy this means nothing, if rates are low the bower if rates are high tehy lend they win eaither way, because hey they are rich.
so you have the double wahmmy of a sloing econmy due to higher enegy prices, --everything movces is heated is coold by follsil fuels, platices are made from them it ripples thoreugh the economy = higher prices less of a desire to spend less atactive our products are overseas the pressure is to slow down, coupled wiht the deficts which is pressure to raise interst rates which will sooo things down. so far the fed has not given in to the pressure and is loweinr rates to keepo things going. This is good and probably will work with or with aout a fiscal stimuls, monteray poplicy always truming fiscal policy. So, as long as the fed is willin got go against the grain, it should be good, but it would help if oil prices would stablizes even come down a little, and revues would increse to cut the defict somewhat. I'm not big on endeing ht ewar becasue i think that send s the wrong m,essage to terrorists, but hey if we are gonna be ther we should get better oil prices outts the deal too. I think the sudi's are playing with us, also we've outsourced so much work that places like india are beinging to incresinly demand oil --- outsorcing is bad.
The numbers you display are fine, but remeber those are now aceint history, what is the econmy doing or gonna that's important not what it has already done.