Recession "Deeper and Longer than Expected"

President Obama's justification for increasing his deficit projection by $2,000,000,000,000(!!!) is that the deficit was deeper and longer than expected.

Don't panic about the new deficit numbers, says The New Republic. The recession was just worse than we thought it would be, but the new numbers are basically the same as the old numbers. This doesn't change anything.

Isn't this the same administration who told us that we were headed for another depression if we didn't pass the stimulus plan (but had a slim chance of making it through if we spent $787 billion dollars). Didn't Obama save the global economy from meltdown by telling all industrialized governments to spend more?

So, how could he have predicted a depression then, but now say that the deficit discrepancy is because the recession was worse than they thought it would be?

Either they didn't really think we were headed for depression when they rammed the "stimulus" bill through Congress or they are lying now about why they projected so poorly.