Transcripts for MSNBC All In With Chris Hayes 20220118 08:53

MSNBC All In With Chris Hayes January 18, 2022 08:53:00

even without build back better. ordinary americans are better off now economically. you point out in your piece that the analysis found the immediate households taking account balance was 50% higher in july 2021 than in the months before the pandemic. that's astonishing. why isn't that translating into a higher approval rating for president biden? >> it's a really striking finding. you gotta think about what the biden administration did on two levels. one, they tried to not allow the mistakes to repeat. so when they came back with the correct, and the rescue plan. they came back with the infrastructure. that was a huge thing for the country. the transfer, the child tax credit, a lot among in those bills. so you put that with the labor market and you get these numbers. very low unemployment, very high asset levels. the thing they did not anticipate is high inflation. so the danger that actually

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