No Pessimists Allowed!

America's economic recovery will be twice as big as experts predict.

By Daniel Gross
Posted Saturday, Jan. 2, 2010, at 7:46 AM ET

Since 2007, the consensus of the economic establishment—bankers, policymakers, CEOs, stock analysts, pundits—has been catastrophically wrong. They didn't see the economic storm clouds gathering. When the raindrops began to fall, they failed to forecast the deluge. As a result, throughout 2008, executives, investors, and consumers chased the economy down—cutting back after things unexpectedly got worse; cutting back again when the roof fell in.