Imaginationland

Author:
Publish date:
Updated on

Optimism in the face of facts seems to be the theme this week, and it's only Monday. Don't shed any tears. Growth is just around the corner. Right after our massive deficit becomes a bit more massive and the tens of billions of savings add up to offset hundreds of billions. What are you worried about?

The Obama administration projected that the U.S. economy will expand at a 3.5 percent annual rate by year-end, a rebound that would be almost twice as strong as private forecasters expect.
In the economic assumptions of its 2010 budget request, President Barack Obama's economic team didn't change its 2009 predictions for a 1.2 percent drop in gross domestic product this year, slower inflation, higher unemployment and lower market interest rates than a year ago.

White House Sees 3.5% Growth by Year-End, Exceeding Forecasts [Bloomberg]

Related