No. No it doesn't. My faith is shattered.
Blocking stretched them to their actual length, I guess.
I also guess I will be frogging the sleeve cap and seven inches of the sleeve.
I just finished the right front and have started the left front. I thought that I was nearly finished, but my daughter is a human, not an orangutan.
Update: Dumb, dumb, dumb. Put your glasses on, knittergran. The problem just didn't seem logical to me, so I checked again. I had read the measurement chart wrong and had not added the cap measurement to the sleeve-up-to-the-cap measurement. The sleeve is the correct length.