ChrisWeigant.com

Trump's Numbers Just Keep Getting Worse

[ Posted Thursday, March 26th, 2026 – 16:38 UTC ]

In all sorts of ways, Donald Trump is getting some very bad numbers these days. Perhaps this has something to do with his newfound eagerness to somehow quickly end his war of choice in Iran? One can only speculate....

Trump's numbers are bad and they just keep right on coming. Within a few weeks, we will get new official inflation numbers which will reflect at least the first few weeks of Trump's War, when the price of gasoline started to skyrocket. And just today, the Organization for Economic Cooperation and Development put out their new estimates, which aren't good. The O.E.C.D. is now predicting that the inflation rate in America will average out to a whopping 4.2 percent this year -- over a full percentage point up from their last forecast. So it wouldn't surprise me in the least to see the official U.S. inflation number climb well above three percent in the March numbers, and it also won't be a surprise if they top four percent by next month, either.

Meanwhile, on Wall Street, stocks had their worst day today since the beginning of the war, while oil prices rose on the world market. The S&P average fell 1.7 percent today, and is down over 400 points from the start of the month (when it was at 6,900). Mortgage rates are jumping upwards as well, which hurts homebuyers. The 30-year fixed-rate mortgage rate was under 6.0 percent before the war started, and has now risen to 6.38 percent (and climbing).

Trump doesn't care about any of this, though. When directly asked about oil prices and the stock market today, he responded: "I thought it was going to be much worse. I thought that the energy prices, oil prices, would go up higher. I thought the stock market would go somewhat lower. But it didn't matter to me. It's short-term." Got that? He doesn't care... it's all "short-term" and can thus be completely ignored. Easy for him to say -- he doesn't have to pay to fill up the cars that drive him around or anything.

This nonchalance is already hurting Trump's own numbers -- which he might just care a little more about. Trump's poll numbers are falling fast, as his war of choice drags on and the disruptions to the economy continue unabated. RealClearPolitics charts Trump's average job approval rating as now being 15.4 percentage points underwater -- the worst showing of his second term so far. Other polling aggregators show similar trends. Nate Silver's poll-tracking site puts Trump down 16.6 points (40.1 percent approval to 56.7 percent disapproval), while the New York Times has him down 16 points (40 to 56).

Digging into the numbers a bit further doesn't make things look any better for Trump. RealClearPolitics, which generally skews a bit conservative in their poll aggregation methodology, still has Trump at only 41.2 percent approval to 56.6 percent disapproval. The individual polls included in their aggregate include one from Rasmussen -- which generally also skews more than a bit conservative, but could only muster 44 percent approval to 55 percent disapproval for Trump. A Reuters/Ipsos poll was the worst of the lot, with Trump a whopping 26 points underwater (at 36-62). The two most recent polls both showed Trump down by 18 points (Quinnipiac had him at 38-56, while Fox News showed 41-59).

Those are some pretty sad numbers, you have to admit. And it's been sudden -- Trump has essentially lost five percentage points over the course of only about two weeks. Unless gas prices magically drop by 75 cents or a buck a gallon soon, Trump's poll numbers will likely continue to suffer.

Speaking of gas prices, they're still through the roof. But Trump's newfound eagerness to somehow find some offramp for his ill-advised war seems to be having an effect, at least. Ever since the start of this week, when Trump suddenly started lavishing praise on efforts to negotiate an end to the war, world oil markets have calmed down a bit. They haven't exactly come down much, but they are now sort of hovering -- waiting to see what happens next. This has also been reflected in the nationwide average price at the pump Americans are paying, as the price spike seems to have flattened out this week. But they've flattened out at a very high price -- scraping the ceiling of four bucks a gallon nationwide. The average for the past few days has been holding steady at around $3.99 per gallon, but have not breached the $4 barrier.

This is still incredibly high, of course. It is up $1.05 since the bombs started dropping, and about $1.25 since mid-January. And there's a saying about the movement of gas prices (which encapsulates corporate greed and profiteering in a folksy saying): they "go up like a rocket and come down like a feather." They shoot up quickly, but take a very long time to slowly float their way back down, even when the price of oil drops. So even if the price of gas in America might actually be at an inflection point, it's still likely to take many weeks (if not months) for them to go down to anywhere near what they were before the war started -- or even to come back down to where they were when Trump took office. This is already hurting Trump and his fellow Republicans politically, and the longer it goes on the more damage it will do.

Speaking of the GOP suffering political damage, more granular numbers are coming in from this week's upset win in a Florida statehouse district that includes the private club where Trump spends most of his weekends. In other words, Trump's home district in the state just flipped from (in 2024) electing a Republican by a whopping 19 points to a Democrat scraping out a slender victory.

This, it should be noted, is just the latest in a long string of special election victories where Democrats have flipped seats nationwide, and general election victories as well. While Democrats have racked up something like 30 of these victories, the Republicans have flipped exactly zero seats. Which is making them very, very nervous about the upcoming midterms -- as it should. And here's what the new numbers show:

Buried in the results of Tuesday's special elections in Florida are numbers offering hope to Democrats both there and across the country: The winning candidates won far more votes than the number of Democrats who cast ballots, meaning they drew significant support from independents or even Republicans.

In the Palm Beach County state House district that includes President Donald Trump's Mar-a-Lago home, Democrat Emily Gregory received 17,113 votes, even though only 12,100 Democrats cast ballots, according to a HuffPost analysis of voter turnout data.

In Tampa Bay's Hillsborough County state Senate district, Democrat Brian Nathan received 40,212 votes, considerably more than the 29,674 Democrats who voted in the election.

The math means that both Democrats must have dramatically overperformed with independent voters -- known as "no party affiliation" in Florida -- or pulled from Republicans, or a combination of both. In Nathan's race, more than 25% of the votes he received came from independents and Republicans. In Gregory's case, that figure was nearly 30%. In both races, thousands more registered Republicans cast ballots than Democrats.

Just 16 months earlier, Trump had won the Palm Beach district by 11 points and the Tampa district by 7.

This is a winning formula, if Democrats everywhere can replicate it. Elections can be won by winning over the lion's share of independent voters and even getting some disappointed or disillusioned Republicans to vote for a Democrat. Trump is bleeding support from Latinos, young people, and anyone who has recently filled up their car with gas. And the only way they can show their disapproval is at the ballot box -- which they are doing.

This is even reportedly making Florida Republicans think twice about redistricting their state to draw new Republican districts -- because they might wind up "dummymandering" instead of gerrymandering, meaning that they go on to lose in districts they had designed to be safely Republican.

So, to recap: inflation is almost certainly going up (we will find out the official numbers within the next few weeks). The stock market is going way down. Mortgage rates are spiking upwards. Donald Trump's poll numbers are going way down. Gas prices are still incredibly high, putting a strain on American families across the country. And Trump does not care about any of it, period. So what it all adds up to is: voters are fed up. Trump promised to magically bring all the prices down, and he has been a spectacular failure at doing so.

Numbers don't lie, and that's what they are all saying.

-- Chris Weigant

 

Follow Chris on Twitter: @ChrisWeigant

 

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