Trump’s Approval on Economy COLLAPSES — Could President's Low Marks Cost GOP the House in 2026?
The Josh Lafazan Show on YouTube - Episode 133
Welcome to The Josh Lafazan Show — today we’re diving into a political bombshell that could reshape the 2026 midterms and beyond: Donald Trump’s most powerful talking point — the economy — is collapsing right before our eyes.
For years, Trump has clung to his so-called economic success as a firewall against scandal, backlash, and policy blunders. But new national polls reveal a staggering shift: a majority of Americans now disapprove of Trump’s handling of the U.S. economy. That’s right — Trump’s strongest political weapon is rapidly becoming his biggest liability.
According to recent national and swing-state polling, Trump’s economic approval has slipped below 50% — for the first time since he re-entered the political arena. Among independents, fewer than 1 in 3 say they trust him to manage the economy. Even more alarming for Republicans: President Biden is now polling ahead of Trump on economic trust in several battleground states. Yes, you read that right — the same Joe Biden who was once mocked for being “sleepy” is now beating Trump on the economy. Here’s CNN’s breakdown:
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So, what’s behind this collapse?
Let’s start with Trump’s favorite bludgeon: tariffs. His “America First” trade agenda has turned into an economic disaster. Tariffs on China, steel, and aluminum have raised prices for U.S. consumers and destroyed over 300,000 manufacturing jobs, according to the Peterson Institute. These tariffs act like hidden taxes — and who’s paying them? Not China. Not the elites. Everyday Americans.
Don’t believe us? Even John Oliver tore apart the flawed logic behind Trump’s tariff policy:
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Then there’s Trump’s signature “achievement” — the so-called “big, beautiful” budget bill. Trump claims it’s a win for working Americans. But what’s really inside? A giveaway to billionaires, ballooning tax cuts for the top 1%, and massive military spending. It’s no wonder Elon Musk — once one of Trump’s biggest allies — now calls it a “fiscal disaster.” In fact, the Congressional Budget Office estimates the bill would add $4 TRILLION to the deficit over 10 years.
You can’t call that fiscal conservatism. And even Trump’s own party is calling him out. Here’s Senator Rand Paul sounding the alarm:
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But Trumpworld keeps repeating the same tired line: “The economy is booming.” That’s a flat-out lie.
Let’s talk facts:
Even investors are jittery, with market volatility climbing amid Trump’s erratic policy shifts and looming trade wars. This isn’t a boom — it’s a bubble, and it’s starting to burst.
Voters are noticing. Inconsistent policies, massive giveaways to corporations, and threats of defaulting on the national debt have shattered public trust. One day Trump promises tax cuts. The next, he’s threatening tariffs on allies. There is no coherent vision — only chaos.
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And the political consequences? They’re already materializing.
In the House, Republicans hold just a 5-seat majority. With Trump’s economic numbers tanking, Democrats are gaining ground in suburban districts like NY-17, CA-22, and AZ-01. In the Senate, Republicans face brutal re-election fights in Arizona, Pennsylvania, and Nevada — all races now shifting toward Democrats as Trump’s approval tanks.
In other words: the Trump economy could cost Republicans both chambers of Congress in 2026.
For years, Trump used the economy as a shield. But now that shield is cracking. Let’s break it down:
This isn’t just about numbers. It’s about trust. About leadership. And about whether Americans want four more years of economic whiplash from a man whose policies are guided more by impulse than insight.
America deserves better. We deserve leadership that’s steady, focused, and grounded in facts — not fantasy. The Trump economic myth is unraveling. And voters? They’re waking up.
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