An American president experiencing a drubbing in a “midterm” election is nothing new in American politics – it’s happened to most every incumbent dating back to Harry Truman. But is there something different about the GOP’s current plight as it relates to a Trump presidency in decline and Republicans now a decided minority in Congress? Robert Grady, a Hoover Institution overseer and past aide and confidante to state and federal officeholders, discusses the fragile state of America’s two political parties – Democrats facing the challenge of how not to squander their election success, while Republicans ponder the realpolitik of life after Trump. Fresh off a visit to China as part of a Hoover delegation, Grady also discusses the state of US-Sino relations and, drawing upon his experience as an investor and venture capitalist, the left’s anti-wealth obsession, the state of the American economy and the perils of cutting-edge companies defined in part by their larger-than-life CEOs, as evidenced by the downfall of Nvidia chair Jenson Huang. Enjoyed this episode? Subscribe to see what's next: https://www.hoover.org/publications/matters-of-policy-and-politics?utm_source=youtube&utm_medium=description&utm_campaign=mpp_youtube&utm_content=111302026 _________________________ 🔔 Subscribe for more discussions: @HooverInstitution 👍 Like and share this video! 🌐 Follow us on social media: • Facebook: https://www.facebook.com/HooverInstStanford • LinkedIn: https://www.linkedin.com/company/hoover-institution-at-stanford-university • Instagram: https://instagram.com/hooverinstitution • TikTok: https://www.tiktok.com/@hooverinstitution • X: https://www.twitter.com/HooverInst The opinions expressed on this channel are those of the authors and do not necessarily reflect the opinions of the Hoover Institution or Stanford University. © 2026 by the Board of Trustees of Leland Stanford Junior University.