Commentary
President Joe Biden has tried hard to sound positive on the U.S. economy. He has told the American people that it is doing better than most other economies. He is correct, but it means little to most Americans. After all, they live here, not in some other economy. And though they are aware U.S. economic conditions are better than elsewhere, they still suffer from inflation and can see definite signs of economic weakness. Despite modest growth in the third-quarter gross domestic product (GDP), the consensus—of economists and the average man or woman on the street—is that this economy, if it’s not already, will soon be in a recession. The strain is evidently clear in household finances….