Eric Holder releases 9 secret documents from Bush administration

Last year, the Fed projections:

Fed officials substantially downgraded their GDP projections, expecting at best weak growth into 2010. At their October meeting, the 17 current Fed policymakers forecast economic output in 2009 ranging from a 1% decline to a 1.8% increase between the fourth quarter of this year and the final three months of next year. Excluding the three highest and lowest figures, the forecasts fall between -0.2% and 1.1% next year and between 2.3% and 3.2% in 2010. The 2011 projections appear to be all over the map: ranging from 2% to 5% GDP growth including all policymakers, or 2.8% to 3.6% under the central tendency forecasts.

http://blogs.wsj.com/economics/2008/...ess-into-2010/

This was right after the election and well before the economic stimulus package, which even the most pessimistic economists believe will likely contribute to economic growth....the difference of opinions is which part of the stimulus (spending or tax cuts) and how much growth might result.