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Same range heading into their first midterm election. republicans lost the house in 2018. the bad midterm for them. democrats lost the house in 2010. bad midterm for them. and joe biden right in that same range where trump and obama were. the one exception was back in 2002. george w. bush after 9/11 was still very popular. republicans actually gained a few house seats. again, the approval rating for biden is right in line with what you would expect for a party in big trouble. so, too, is this question here of the economy. the state of the economy. voters tell us it's their top issue, economy a...

Contrary to popular belief, incumbent parties aren't automatically fated to lose seats. Just look at 1998.

Growth that is occurring, and the growth that will be seeded if he can get manchin over the line and pass this build back better pact, what that says is that if that growth is there and they are right that inflation recedes at some point in his term, biden's position could look a lot better in six months after the midterm than it does on the midterm day. that's really what happened to reagan and clinton and obama. they came in at a moment of economic turbulence, things didn't turn around in the eyes of the voters, and then the second half of their term the economy started to improve. some of t...

Term, biden's position could look a lot better in six months after the midterm than it does on the midterm day. that's really what happened to reagan and clinton and obama. they came in at a moment of economic turbulence, things didn't turn around fast enough in the eyes of the voters, and then the second half of their term the economy started to improve. some of the policies they passed initially, the effect was felt more widely and they solidified their position and all of them won re-election pretty comfortably, especially reagan. i'm not saying it's guaranteed, i'm saying it is a real prec...

Turn around fast enough to prevent his party from having a bad midterm. as the economy stabilizes and gains momentum in the second half of his term, he recovers to win re-election. that's pretty much the story of reagan from '82 to '84, clinton and obama. i think there is more reason for them to be confident that they could be getting this kind of tail wind in time for the second half of biden's presidency and this epic battle we are shaping up for in 2024. >> something certainly the white house is counting on. thank you both for joining us this morning. . >> happy thanksgiving. . >> happy tha...