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force which means maybe inflation pressures will ease a little bit. and i ll point this out, joe, and mika, the idea here, interest rates didn t move on this and neither did the expectations in the futures market for where interest rates will be by the end of the year. so, again, kind of like that goldilocks scenario. i mean, at least for this month, of course this is a month by month thing, but at least for this month, you look at everything from new jobs added, job participation rate, the wages going up, but not so high that it adds inflationary pressures on the economy. a lot of really good news in this report. and legendary tweeter duke st. journal said, i think this may be a few minutes ago, i think this may be what a soft landing looks like. if we were of course to continue to move into this direction, dom, i guess this would be what a soft landing that the fed is desperately trying to achieve would look like, right? this would be. and the reason why you have ....
anything more to the point tonight. 67%, two in three, say american democracy is in danger of collapse. the percentage of democrats and republicans who believe it, identical. however, don t go looking for a bipartisan silver lining. the poll doesn t ask people to give a reason why they believe this. so it s possible, even likely given such other recent polling that a deep partisan divide exists over what people think is wrong. to use a political science term, ain t good. it does not bode well. but it certainly sets the stage for what the president will say tonight. and the backdrop, significant new developments in the court battle over documents seized from the former president s mansion and what he said today about pardoning january 6th defendants. let s go first to cnn s jeff zeleny who is at independence hall in philadelphia. jeff, what more are you learning about the speech tonight, which begins in just a few minutes? reporter: john, we are berning that president ....
and framed the whole speech around that. eva, you hear this talk about this being a political speech, and i don t think you could ignore any of the references to maga republicans there. but for supporters of joe biden, for some of the voters that you ve been speaking to out on the trail there, if you do believe that democracy, small d, democracy is at stake, is this the type of defense that they have been wanting to hear? absolutely without a doubt. and something else that really stuck out to me is that he almost seemed to be reclaiming patriotism. often you hear republicans argue that they are the pro america party. the democrats are not patriotic enough. but what was more pro usa than this speech? and i think this is exactly what democratic voters wanted to hear. we honor the will of the people, right? a nod to our democracy but also a nod to preserving reproductive rights. he is the president of all america. you mentioned before too much of what is happening is not normal ....
Into pardoning january 6th insurrectionists if he is in a position to do so if he runs and if he wins re-election. he says he s very likely to pardon insurrectionists. is that a message that, for instance, mitch mcconnell or other people in the republican party who want to take back the senate, is that a message they want to hear? no. i mean this is looking backwards. it s what donald trump wants his next campaign to be about. he wants it to be about relitigating 2020, righting the wrongs in his mind of how it was taken away from him. just this week he tweeted that he thought he should be reinstated or we should have a new election right now. does the combination of the former president saying that or does the presence of that give the current president ammunition in this speech tonight? well, of course. biden knows if they put trump at the center, trump will be all too happy to oblige it. and every day we spend talking about what trump is saying and how biden is framing it and i ....
The president is a democrat. the president uses the bully pulpit. donald trump did the same thing. bill clinton did the same thing, barack obama did the same thing. they all use the bully pulpit and they talk about the things they want to talk about. i m not saying it s right but that s the weakest argument to say it s a political speech. why do you let them off the hook when they say this isn t about politics. this is a presidential this is a speech i m not letting anybody off the hook. you re saying i m making a weak argument by holding them to account. you re making a weak argument because you re saying someone who is the president of united states who is elected because of politics that it s a political speech, that s the whole point of this. it s called politics, of course he s going to use everything in his arsenal to give a speech to try to do what he says it s a battle for the soul of democracy. in his estimation according to him, republicans, maga republicans are, ....