This is an adapted quote 7 November episode of “Deadline: The White House.”

Following the election, there was a lot of talk about how anger at the U.S. economy helped fuel the economic crisis. Donald Trump’s earning. according to NBC News Exit Poll46% of Americans said their family’s financial situation is worse today than it was four years ago.

This figure may come as a shock to people who look at the general state of the US economy. Under President Joe Biden And Vice President Kamala Harriswe saw Significant employment growth, wage increases and unemployment rates at historic lows.

But for Americans trying to go about their daily lives, these data points don’t tell the whole story. The truth is, we crawled out of the darkest hole. Covid epidemicand then we had the biggest one inflation increase It’s something most of us have seen throughout our lives. This harms people.

So I can sit here all day and give accurate data on how much jobs and wages are increasing. But when people get paid more, they often give themselves credit. When you get a raise, you say, “It’s because I’m so good at my job.” But when prices rise and eat into their paychecks, people blame the government.

I can give you the data on how to do it We had the world’s best economic recovery after Covid – so did we – but when Biden tried to tout it “Bidenomics” everyone attacked him and said: “How could you do this? Don’t you know we are suffering?”

People are suffering. Despite economic gains under Biden and Harris, the economic reality for many Americans is that they are paying more for rent, mortgages, and food. Everything seems to cost a lot more.

Tuesday’s results don’t mean there are a lot of people across this country tuning in to make Team MAGA; they just say, “My life costs a lot of money.” Then they look at who is in charge and who is to blame.

Such reactions are not unique to the United States. We saw the same scenario play out In almost every election in developed countries. People all over the world ask why life is so expensive. But they don’t always connect the dots about where and when this Covid hole started.

Stephanie Ruhle

Stephanie Ruhle is the host of “The 11th Hour” at 11pm ET on MSNBC and senior business analyst for NBC News.

Charlie Herman And Allison Detzel contributed.