Donald Trump’s polling just crashed to new lows. He’s hit a net approval on inflation of negative 50 points in numerous surveys, something no other president has done—ever. Trump also is at 80 percent disapproval on gas prices. And this is the first time Democrats have led Republicans on inflation since the 1970s. It’s no accident that this comes as sources around Trump tell CNN that he’s “furious” because the media didn’t make his latest Iran bombing look strong and powerful. These stories are linked: His failure to force Iran to reopen the Strait of Hormuz is causing the very cost spikes that are tanking his approval and his party’s chances in the midterms. We talked to Democratic strategist Christina Reynolds, who has extensive experience in midterms. She explains how Trump’s travails are translating into new pickup opportunities in surprising places, parses a new poll showing Democrats up 10 in the generic House matchup, and explains why 2026 reminds her of Democratic routs in 2006 and 2018.

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