Obama's hopeful economy

Barack Obama ran on a campaign of hope and lots of generalities. And generally speaking, he's looking at very hopeful numbers in his budget forecasts.

CNN picks apart Obama's numbers, here's a snippet:

Banking on economic recovery

The assumptions: The economy will start its recovery in 2010, with 3.2% growth in gross domestic product (vs. a 1.2% drop this year). GDP will grow 4.0% in 2011 and 4.6% in 2012.

Reality check: The White House's GDP estimates, while roughly in line with those projected by the Federal Reserve, are higher than average. Some say the administration is being too optimistic.

Growth at 4.6% in 2012? Just in time for the next presidential election.

We'll see.

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