Today, the White House's Office of Management and Budget published its Mid-Session Review (large PDF), an economic forecast projecting, among other things, that Gross Domestic Product (GDP) for calendar 2011 will be 1.7%. That doesn't sound like much (and it isn't), but to get there growth will have to almost triple its most recently reported level during the second half of the year. Second-half growth will also have to exceed the estimates of most economists.
Good luck finding any skepticism in the press over OMB's numbers. What follows is the numerical runthrough, followed by two media coverage examples.


