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John Lieber

Jonathan "Jon" Lieber is Head of Research and Managing Director for the United States at Eurasia Group, the political risk consultancy, and a frequent Bloomberg Surveillance guest.

Feb 10, 2026

8:51
Does the President or the Republicans have the runway, the time, to turn this around?
8:56
Uh, probably not.
8:56
I mean, I think there's a world where there's a booming economy between now and November, and that helps them save some of these marginal seats.
9:04
Uh, but, you know, Americans have to feel it, and they have to be convinced that it's the Trump administration's actions that are driving it.
9:09
So you wanna see lower unemployment, which is very difficult, given how low it is already.
9:14
You wanna see the president's poll numbers improving, and he's underwater on all the top issues: the economy, inflation, immigration, and he's gotta really change the narrative there.
9:25
And I think importantly, you, you need Americans to feel like they can afford the... what they want, and I think that's the biggest challenge that face Biden.
speaker_5HOST
11:43
How bad is it going to be for Republicans?
Evan SolomonMODERATOR
27:51
Lieber, give us your sense on the read on Trumponomics.
27:56
Thanks, Evan.
27:57
So Trumponomics is this really interesting mix of policies that the new administration's coming in with.
28:02
Now, they're inheriting a pretty good economic outlook.
28:05
Growth has been solid.
28:07
Job gains have been substantial in the Biden administration, and inflation seems like it's mostly under control.
28:13
Some questions around that next year, but for now, it is mostly under control.

17 MINS LATER

Evan SolomonMODERATOR
45:11
What is it? Why does it matter? What's the risk? John.

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