How can the economy be projected down after the stimulus?

Didn't we just pass a stimulus plan?

How can we have a forecast like this?

Fed Downgrades Economic Forecast for This Year

I thought that yesterday was the first day of the end of the crisis.

What about this shocker from the CBO:

"The huge economic stimulus package that President Obama signed into law Tuesday will result in “lower wages” for American workers, according to the Congressional Budget Office (CBO).

The CBO analysis, dated Feb. 11 and sent to Sen. Judd Gregg (R-N.H.), says the $787-billion plan will increase employment in the short-term, but will run up deficit spending which will “crowd out” private investment in the economy in the long-term.

The analysis concludes that the stimulus will put downward pressure on Gross Domestic Product (GDP) and wages after 2014."

It's beginning to look a lot like we were right. The stimulus was just a "Dear Santa letter" with no economic benefits!