January Stimulus Estimates were waaaay optimistic

In January, the Obama administration-elect put forth this projection of the impact of its stimulus package. We are currently much worse than they had projected had no stimulus taken place.
I'm not saying that the White House has a crystal ball, but if they could not come any closer than this, do we really want them trying to allocate our tax dollars in an effort to 'fix' the economy?





Source - Google Stats, January report from the office of the Vice-President Elect/Council of Economic Advisors