I don't think it's any surprise to anyone here that I've long argued the stimulus wasn't big enough or done in the right way. Too many tax cuts and not enough aid to States and Municipalities. The numbers are in--the numbers that count anyway--and the revised Q3GDP is lower:

GDP, a broad measure of economic output, rose at a 2.8 percent annual rate in the July to September period, the Commerce Department said, compared to the 3.5 percent growth rate first reported. The agency re-calculates the data as more complete information becomes available.

As Krugman and others have noted, the stimulus has proven to be not even close to large enough to close the output gap and we'll continue to see high unemployment in the mid-term, at the very least.

Job well done, Team Obama.