Is the Obama Administration Really as Clueless About the Economy as the Post Claims?

In an article about Gene Sperling, the head of President Obama's National Economic Counsel, the Post claims that in mid August of last year:

"Sperling presented Obama and his top aides economic forecast after economic forecast showing that U.S. economic growth was rapidly slowing. Unemployment probably would be stuck around 9 percent. The government needed to pump hundreds of billions of dollars into the economy to create jobs — and fast."

It is difficult to believe that the White House...