President Trump has just reached a crucial stage early in the second term of his presidency. Sandwiched between his abject capitulation on tariffs and the bitter fight over his tax breaks for fat cats and plutocrats, he now owns this creaky economy.

The big opinion news is that a new national survey for CBS News indicates that former President Joe Biden is off the hook and Trump is on the hot seat for the nation’s economic woes. Twice as many Americans hold Trump responsible for the sorry state of the economy as Biden. And most people believe the economy has gotten worse since Trump was inaugurated in January.

Six weeks ago, a bare majority of the public approved of Trump’s handling of the economy. Now, a clear majority disapprove. The decline in approval for the president matches the drop in consumer confidence. The University of Michigan’s Consumer Confidence Index this month plunged to the second lowest level since 1952. Six out of every ten people give him bad grades for handling inflation. The public remembers........

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