very positive impact on employment too in the millions of additional jobs ded but fothe recoveract. thprobm is the situation in late 2008 was much more worse than anyone know or not anyone there were some critics out there who correctly analyzed it. but back to the conventional wisdom. the situation in late 2008 was much worse than the conventional wisdom at the time suggested. while the recovery act has helped we were in a much deeper hole than, for example, the blue chip economic forecasters suggested. on actual design. >> charlie: this is the end of 2008? >> so the... iememr it quite well. september 16, 2008 i remember quite well the discussion at that point was based on a set of economic assumptions and projections which were in line with the blue chip at the time that is the consensus of private sector forecasts which were all much more optimistic than the economy was actually performing. at that time. >> charlie: which raises this important question. you have to make evaluations about budgetary proposals based on information that you are given and that you create yourself. did