GDP Growth and Prices

I think it is amazing that economic growth for Q3 was not revised higher and that inflation is so weak.

This quote tells the story (bold added):

"The revised 2.6 percent increase in gross domestic product compares with a 2.5 percent estimate issued last month and was less than the median forecast of a 2.8 percent in a Bloomberg News survey, a Commerce Department report showed today. Consumer costs for goods and services, excluding food and fuel, climbed at the slowest pace since records began in 1959."

Homan, Timothy R., 2010. U.S. economy: gdp grew less than forecast, inflation cooled. Bloomberg News, Dec. 22.

There is not enough growth to bring down the 9.8% unemployment rate in the U.S. If anything, unemployment could increase to over 10%. Wider measures of unemployment are close to 20%.