Well, I’ll be the contrarian here.
I think, technically, he is correct about the 4%. After years of uncertainty and looming fiscal/regulatory burdens placed on business, there is a huge pent up desire to grow, invest and expand. The rebound potential is enormous.
The problem is, Obama will do NOTHING to change his ways and there will be little or NO rebound. The only thing stopping 4% growth is the same thing that has killed it for the past four years — the so-called president.
You are correct in the proper context.
Or when the printing-press hangover sets in, they could jigger the numbers to make inflation look like "growth".