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That is my simple, if unsatisfying, rule of thumb about the Trump era (and populist politics generally).
To be precise: (Virtually) nothing (Trump does, and nothing that happens during Trump’s term) matters (in terms of his long-term popularity).
This is also true (maybe even more so) in the other country whose populist politics I follow closely, that of Netanyahu’s Israel.
There are moments when Trump’s popularity takes a hit, but inevitably, the scandals and disasters of yesterday are forgotten and his support resumes more or less its previous trend. The only real long-term loss of popularity is the initial drop, in the first year or so, from the initial highs right after the election– something that every president in the last two decades has experienced. This is the more general perspective behind my previous post “No One Will Remember This.”
Mostly I am responding here to the following type of post or article, suggesting that a particular issue is hurting Trump’s popularity:

Naturally the most obvious current example is the Iran war, which according to nearly all polls is deeply unpopular and getting more so. Nate Silver‘s aggregate of polls suggests a net approval of -18.1%, which is a very wide gap.
And it’s true that Trump’s disapproval has been climbing steadily for a year, as per this RealClearPolitics average:

So why am I skeptical?
Well, first, note that we’ve been here before. Trump got similarly bad (in fact, toward the end of his first year, worse) polls in the first year of his first term, yet the numbers stabilized, and of course he went on to win the 2024 election handily.

And a sharp loss of support in the first year to year and a half is not unique to Trump. Here is Biden at the same point in time, and notice how by around mid-year, Biden reached -20% net approval.

And while Obama seems to be an exception, given that he was still about breaking even in terms of approval at this point in his first term, it still represented a catastrophic fall from his starting point:

In other words, it’s not that Obama fell any less than Trump and Biden– he just started far more popular.
So Trump’s drop in popularity (in both the first 1.5 years of his first term and the first 14 months of his second term) seems to me to reflect not any consequences of his actions and policies but just a natural downward pull that happens to presidents when the highs of their campaign’s success meets the cold realities of governing.
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Trump’s second term, by any measure, should be seen as a flaming wreck at this point. On many of these issues, there’s no need to rely on anyone outside the administration to reach this conclusion, in fact: the president and people in his admini stration keep commenting on their own failures.
His signature economic policy was (and is) tariffs. Trump himself said that if the Supreme Court ruled against his administration on the tariffs, “WE’RE SCREWED” and the United States would find it almost impossible to pay for the consequences. The Supreme Court, of course, did rule against the tariffs. His budget was also deeply unpopular.
One of his most enthusiastically trumpeted policies in his first year was Elon Musk’s Department of Government Efficiency (DOGE). I have so much to say about this– how a promise to cut $2 trillion became a purported claim to have saved $200 billion which in fact will almost certainly end up being a massive cost to taxpayers while leading to the death of tens of thousands of people or more– but let’s stick to what Musk and the administration think of their own effort. DOGE ceased to exist eight months before its charter expired and Musk himself said he wouldn’t do it again if he could rewind to the start of last year.
As noted above the immigration crackdown in Minneapolis, one of his key domestic policies, was also sharply unpopular, and the killings of Reneé Good and Alex Pretti drew criticisms from within his own party. The fact that Kristi Noem left her job as DHS Secretary a mere month after the end of the operation in Minneapolis is a telling sign.
And of course there is the Iran war, which as noted is deeply unpopular, and specifically runs counter to the “America First” and “anti-neoconservative” ideology that is held most deeply by some of his most loyal supporters. By Trump’s own admission, Iran’s response surprised his administration, which seems at a loss when faced with the closure of the Strait of Hormuz and the sharp rise in oil and gas prices. The downing of two US jets in the war and the ensuing scramble to rescue crew members only emphasizes how much worse this could get. All this while Trump just said he initially predicted the war would be over in three days.
There was of course the longest government shutdown in government history, the clamor for Greenland (which was claimed to be absolutely essential to US interests and then conveniently forgotten once nothing came of it). And there was the massively unpopular pardoning of January 6th rioters (83% opposition per one poll!), the eye-watering personal enrichment, and much more.
Oh and have we mentioned that Trump’s handling of the Epstein investigations is at -34% approval, according to one poll?
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These are massive failures and unpopular policies for a first year in office– indeed, it is in my view a longer and heavier list than most presidents oversee in a full administration.
But I don’t think any of this will end up mattering in the long term. Just as the spike of disapproval at the end of his first term due to the events of January 6 became essentially irrelevant by the time he ran in 2024, so each of these episodes seems to disappear into the background with each new episode, and his support goes back roughly to where it was before.
There’s a sense in which it won’t matter to Trump himself– he won’t be running for re-election. But it matters toward understanding Trump as a phenomenon of populist politics.
My predictions are utterly useless as a reliable predictor of the future. But I’m writing a prediction here as a test of this hypothesis that “nothing matters.”
If I am right that nothing matters, then by this time next year, in two years, and at the end of his term, his approval rating will have stabilized at a rate slightly better (for him) than the current rate, and will not be significantly worse than Biden’s approval ratings at similar junctures or the approval ratings of Trump’s first term. I would guess that the numbers would stabilize at around a net negative of 10%, which was roughly where Trump was for most of his first term. The prediction stems from the belief that he is currently suffering from a temporary burst of unpopularity due to the Iran war (he was at -11% as the war began), and that rather than steadily losing support due to the accumulation of scandals and failures, he will return to hovering around his “natural” popularity levels, with the occasional temporary spike in either direction due to a particularly popular or unpopular moment.
Note that this doesn’t necessarily translate into down-ballot races, so Republicans may well get a drubbing in the midterms. But if the “nothing matters” thesis is correct, Trump himself will maintain his popularity until the end of his term, and will have a similar status as he has now (divisive but dominant in the GOP) come the 2028 elections.
A depressing situation, but one which we need to recognize.






























