Well, the 2nd quarter ends today. Do you want to bet the first GDP figure is +0.1% or higher? Two consecutive quarters with negative GDP would definitional a recession - and Obama and the Rats will own it.
It'll (ahem) 'rebound' from the bad weather to 3-5%. Just watch.
Not with a Democrat president. The all-knowing cycle-deciders are the NBER people, and back during the '08 election they sold out completely as a Dem tool and reaped huge benefits in '09 with your tax dollars.