quite well. people s perception of it is pretty bad, although when you ask them how they re doing personally an financially they say they re doing pretty well. i wonder when the delta closes in the new year, particularly if inflation comes down?io chris, i think that s the question i m struggling with because it is the framing of this.in the perception that so many americans have, you know, this is purely anecdotally, but th speaking to friends and colleagues of mine who range the financial spectrum, all of them feel like joe biden needs to do more, whether it is covid ki he response, whether it is with the economy or a combination of the two.se when we go to the ballot box in november, we know that americans vote, political science literature said it time and time again, based on pocketbook ti issues. it is not just about how you feel personally. it is how you feel the economy in your sort of larger collective is doing. joe biden and i would say democrats at large, and this goes b
inflation in the short term i think is pretty thin. there s maybe some medium to long term, but the argument that joe manchin is making is that it would be inflationary was completely bonkers in my mind. i don t think there s any impact one way or the other. most of that is going to matterh based on covid, it is going to matter on international supply chain, it is going to matter on jay powell and what he does at the fed.ng all of this, it is a weird thing where there s a debate over inflation when that s not what the bill is about, yet here we are. christina greer, david jolly and tara palmeri, thank you all. that was great. thank you. w that is all in on this monday night. the rachel mad doe show starts with ayman mohyeldin in for wi rachel. good evening. rachel has the night off but we have a lot to get to tonight. t tonight there is new guidance from the cdc shortening the recommended isolation time if you test positive for o
contextualizing all of the work that they are doing. if we remember with barack obama literally saving the american economy from falling off the cliff, they named it something where all of these mechanisms hi where people actually got back to work and got money in their pockets, it was the america rediscover back to work act, something, something, no one knew it was the democratic party assisting them. i think we are in the situationy yet again where joe biden and his financial as visors are doing the work to lift us out of the chasm that donald trump and his party put us in, but the framing of it makes so many americans feel as though the biden administration is not doing enough and they may be doing okay, but their larger neighborhood and larger society isn t feeling the uplift. well, i think i mean, look, what is pretty clear is, you know, inflation has gone up quite high, i think for all sorts of structural reasons that don t have a ton to do with what joe biden has done or the
it has gone up across the world. i think it is a bigger problem than mass unemployment, frankly, but people don t like that. gas prices have started to come down. a column in the new york timesu that talked about reagan s first two years, he was coming in in the midst of flag station and things didn t really turn around in 81 or 82. inflation remained high, unemployment remained high, the recession was persistent. the republicans were clocked in the midterm. the whole morning in america story doesn t come for a few pu years later, and i think so muca of the politics in the nation depends on what happens next year, which is a really wide variety of possibilities.ye yeah. chris, you are right. look, inflation is a key behavioral indicator, if you will, for voters because all they know is things cost more. we re not very rational when as consumers when it comes to er recognizing we have more spending power, more consumer power now that offsets the price increases. we just know things
more normal or more stable or more thriving or more protecteda from the sheer tumult of the he last few years? i don t think anyone can answer that question, but i think it does determine a lot about the politics. right. i think a lot of people keep hearing that the stock market ie over inflated and everyone is he just waiting for it to drop at v some point. f you have the inflationary issues. then on top of that, you have es senator joe manchin using the talking point, the fear of inflation and economic fears to tank the president s major, you know, policy, agenda policy. i think that really sticks. p people say, he is a democrat and he is worried that there s something happening right now, that this policy could tank the economy or cause rapid po inflation. i think that really undermines the president s message that everything is all right and ss that, you know, the pocketbook issues are not as grave as we sense that they are. yeah, i mean let me just jump in to say that the whit