The document provides an overview of the political landscape heading into the 2020 Iowa caucuses. It discusses declining trust in institutions, a polarized electorate, and key issues like health care and the economy. President Trump's approval ratings have rebounded and the impeachment question remains divided. The economy is performing well but trade wars have impacted some sectors. The Democratic primary field has narrowed to 11 candidates with Biden maintaining his lead nationally though Sanders' support is rising. The general election is expected to be close again with key swing states deciding the outcome.