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about this agreement. but his primary audience is actually going to be that undecided swing voter in the middle, and really try to sell it to that voter. right, and chris hayes, this is a strange thing for biden. is that the fundamentals of the economy are good, and yet people feel bad. and so he s constantly in this position of trying to sell reality to people who are sort of defying reality with their sort of feel, their sort of feelings about things. to lawrence s point, i was a little surprised, precisely for the reason you enunciated. okay, we nade it. like not a speech giving occasion, but i think what it s going to be, to your point, it s going to be about the biden economy. i do think, look, inflation has been bad for lots of people. it has eaten into real gains. people also had a higher level of personal disposable income and that s come down as the sort of recovery has happened, as that money has sort of been spent down. there s a lot of reasons people do ....
principal on this kind of case. that s coming up later. we will learn things. we will fact check. i invite you to stick around for that. that s later. the speech you may have heard about is landing tonight around 7:00 p.m. eastern, inside of an hour. president biden s first ever address from the oval office. we have heard him from the white house before. this is a thing we in journalism and white house junkies keep track of. this is in the views of the biden team, a positive that they are summoning the grandeur of an oval office address, the first several years in to talk about breakthroughs on debt, the economy and the new jobs report. that s 7:00 p.m. eastern tonight in joy s hour. we will cover that. you will see the president and the reaction. we have that. as for this moment, our lead story is what we are learning about the clear lid blowing off a key part of trump s dewith this report that everyone has been talking about all week, that he himself said he knew ....
Last word. stephanie ruhle, nbc news senior business analyst and host of the 11th hour, and chris hayes, host of the show i m the lead-in for, all in. thank you for being here. this is going to be fun. i m very jealous i m getting to hang out with you in person. there s a seat. i m here virtually. i want to get to some expectation setting. i m going to go to you first for that, lawrence. i will warn you i may have to rudely interrupt you. this is an odd speech, only the second such speech in presidential history, barack obama delivered the first one, which is essentially rejoice, america. congress did not destroy the country. and so it s not quite a victory speech, and i think the president will try to make it feel like a victory for the american people, not exactly a victory for him. he has to somehow find a way of speaking to the democratic base voter and make them feel better ....
yeah, we ve only had of course, all viewers remember, grover cleveland, who was elected in 1884, defeated in 1888, and then won a rematch in 1892. one key difference, as someone pointed out on twitter, is that cleveland twice won the popular vote, even when he lost. and of course, was not facing the prospect of multiple indictments on both federal and state charges in georgia. you know, i thought it was an odd speech. it did not have trump s characteristic energy. it seemed almost perfunctory at points. it was rambling. , you know it aired his familiar grievances. i am a victim, he said at one point. but you also see the germ of what will be the campaign for him or any other republican who runs, which is the argument that the country was in better shape in any today. that biden has mishandled inflation, crime, and the border. and we need to go back to the ....
These wars are a disaster. he could have gotten out a long time ago he said at the time. tonight we have to learn from the hasty decision to get out of iraq too soon and he made the argument that we need to plan to stay in afghanistan indefinitely. this was an odd speech for a few reasons. what precipitated this? also, nobody knows what he really announced tonight in terms of what s going to change. we have some suspicions and questions, but we don t know what s different now. we also don t know why he s completely abandoned all his previous arguments for the exact opposite of his current policy. there was one way in which tonight s speech actually felt a little bit normal, or at least familiar to everybody who s been asking since the inauguration, ....