How do we take back all the hysterical reporting over the last 6 months?

The Commerce Department, as reported by the Cato Institute says there was no recession:

Good news on the economy, sort of. The Commerce Department reported this morning that it has revised the economy’s growth rate in the first quarter of 2008 to 1.0 percent. That is slightly higher than the government’s earlier two estimates and it means we have probably dodged a technical recession, at least for the first half of this year.

Whew! I feel better now.