Boy, those guys over at the Congressional Budget Office are a cheery lot, aren't they? 1.4 percent GDP growth for the coming year, unemployment above 7.5 percent, ObamaCare's cost up to $1.3 trillion, 7 million people losing their insurance... they don't seem impressed by Obama's "poised for recovery" high-wire act, do they?
And if that wasn't depressing enough, remember the CBO is generally optimistic, by design. They tend to assume programs will do roughly what they were supposed to do, and underestimate the depressing effect of taxes and regulations upon the economy. The behavior of the private sector is very difficult to forecast, but in the world of "static analysis," it functions as the obedient executor of government's plans.