MSNBC’s Lawrence O’Donnell said the latest poll numbers are terrible news for President Donald Trump as he struggles with core economic issues.

“He has failed every day on the economy and he has surrounded himself with the most incompetent Cabinet... in history,” he said. “And the public, including Trump voters, have noticed and have turned on Donald Trump.”

O’Donnell said that just as Nixon had partisans even after he resigned, Trump has a core that will not turn on him.

“But the marginal voter who made Donald Trump, that swing voter who made Donald Trump president, has now turned against Donald Trump,” he said.

Multiple polls show Trump’s overall approval rating is plunging, down 5 points in just one month in a new Fox News poll, for example.

The poll numbers are even more dire on the economy.

O’Donnell noted that was once the president’s strongest issue, but “that’s all over now” after weeks of economic instability trigged by Trump’s tariffs and trade wars.

That same Fox News poll finds that just 38% approve of how he is handling the economy, while a new Reuters/Ipsos poll finds a 37% approval on that same issue.

“That number used to be often 20 points higher than that for Donald Trump,” O’Donnell said.

He said voters who liked Trump’s campaign promise to raise tariffs “have learned the hard way” that they will ultimately pay for those tariffs.

“And they don’t like it,” O’Donnell said. “And so Donald Trump’s power is slipping, and could slip away if the polling disaster Donald Trump is personally facing right now tonight spreads to Republicans in the Senate and the House facing reelection next year.”

He predicted that those GOP lawmakers would then “abandon” Trump as they face difficult reelection battles.

See his full analysis below: