The Federal Reserve significantly reduced its forecast of economic growth through 2013, acknowledging that it had once again overestimated the nation's recovery from the 2008 financial crisis.
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Gee, so for the last 3 years you mean we haven't been in a recovery? Note that the opening sentence states "once again" - this doesn't mean they are repeating themselves for our benefit/knowing. This is ok - remember when we said blah, blah, blah - well it was really blah, blah, blah but now we know it was even blah, blah, blah. But see what can you do about it? NADA. What is going on is that the lies can't be covered up much longer. See the plan was to lie, lie, lie and the public would embrace it and believe it and spend, debt, spend, debt and the economy would - wala - revive and none the wiser. BUT the public and actually more importantly - the corporations did not buy it which led to the public behavior of not buying it and the stench from the lie can't be covered up effectively with Lysol.