Economic update: Battle inflation by fighting corporations, not working people

So much economic news (with too much of it mis-reported) that I want to keep you apprised.

Following Thursday’s report by the Commerce Department that the U.S. economy had shrunk for the second quarter in a row, economists in and out of the White House have spent much of the last several days deconstructing the word “recession.”

Are we in one or not? Th…