when you look at the amount of money that is now kind of sitting in the bank account and not yet

spent, Chris are at the precipice of a transformational moment in this economy, which is kind of amazing.

Hello and welcome to Wise This Happening with me, your host Chris Hayes.

Well, we're entering fall, not officially, September 21st, we're about for summer, I always got to

remind myself that, but we've got a midterm election and in case you haven't noticed, the prospects for

the Democrats have improved significantly just over the last six weeks and there's a lot of reasons

for that I think people point to the DOBS decision that overtoned Roe v Wade as a big part of it,

but also Joe Biden's approval rating, the president's approval rating has gone up considerably and

there's a bunch of reasons for that too. I think gas prices coming down like a dollar and 20 cents

or something probably has a lot to do with that. The fact that inflation seems to have at least

hit its peak and is no longer growing, but I also think a big part of the reason with

them prudent standing the Democratic Party in Joe Biden is they've actually gotten quite a bit

done of their domestic policy agenda and it was never that clear that that was going to be the case.

In fact, if you go back to January 4th, 2021, it's not clear the Democrats are going to have the

Senate in which case you're going to have a Democratic House, a Democratic president, and then

Mitch McConnell running the Senate. Board knows what you could possibly get through under those

conditions, right? Then they win the Senate, they have the thinnest possible majority.

They managed to pass the American Rescue Plan on a strict party line vote using the reconciliation

vehicle and there's this huge amount of optimism and people are talking about a new deal and

then you've got this parallel track where they pass two big pieces of bipartisan legislation.

They pass the infrastructure bill, they also pass the Chips Act, which we'll talk about.

Then right after they pass the Chips Act, they then turn around, surprise the world, literally

...