If history is any guide, pretty good.
In early 1994, Bill Clinton's approval rating after two years in office hovered around a dismal 40 percent. The first midterm elections of the Clinton presidency were an utter disaster.
A new generation of younger, more conservative Republicans led by firebrand Newt Gingrich and his "Contract with America" gave Republicans a majority in the House of Representatives for the first time in 40 years. Republicans also picked up eight Senate seats in 1994 to take majority control of both houses of Congress.
It was no wonder that Republicans thought the 1996 presidential election would be a Republican shoo-in. But Republicans nominated 73-year-old Senate leader Bob Dole, a sober but otherwise uninspired Washington fixture.