Joe Biden's 'middle out' means out in the cold

President Joe Biden has a problem with the rhetoric he uses about how he’ll grow the economy. After November’s consumer inflation number came in at 7.1%, he repeated his favorite line about how he’s “making progress building the economy from the bottom up and the middle out.”

It’s true that the awful November number was below the more dreadful 9% peak hit in June, and price hikes are lessening as the Federal Reserve turns the screws by raising interest rates. This could push America into recession. Some analysts expect a deep one.