Rosy Scenario Revealed

Monday's Wall Street Journal had a couple of interesting columns. The first deals with optimistic White House economic growth projections, Damian Paletta begins:

The Obama administration projected last month that the economy would grow at a healthy 2.6% clip in 2012, a much more optimistic forecast than just about anyone else is willing to offer. That is probably because by many estimates it is highly unlikely.

The Federal Reserve, for example, has pegged economic growth somewhere between an annual rate of 1.9% and 2.4% for the same period.

Does the White House know something others don't? Not exactly. 

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