Now, the forecast that the Congressional Budget Office released last week was considerably more pessimistic about both 2010 and 2011 than either of the administration forecasts or the Blue Chip consensus.

WHITEHOUSE: Detailing the FY2011 Budget

And we believe, and so does most of the blue chip consensus reports out there, that this growth is going to be sustained at that 3 percent-plus range for the indefinite future.

WHITEHOUSE: Press Briefing with Vice President Biden and Press Secretary Gibbs | The White House

On the pace of recovery, CBO bases their projections on the consensus forecast of blue chip economic forecasters.

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So our growth rate for 2011 is a fair bit lower than the consensus of private forecasters surveyed by the blue chip or by the Survey of Professional Forecasters.

WHITEHOUSE: Press Briefing on the President's Budget

Now, our estimate of growth in 2010 is virtually identical to the consensus of private forecasters surveyed by the Blue Chip Economic Indicators and is right smack in the middle of the central tendency of the Federal Reserve's Federal Open Market Committee forecast that was released back in November.

WHITEHOUSE: Detailing the FY2011 Budget