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Digby is right—Trump knows that the midterms called his bluff:

I suspect the biggest reason for all this is the ultimate betrayal: His followers failed him by not voting in great enough numbers to defy all the predictions and prove that he is the biggest winner in American political history. He may not be stable and he may not be a genius, but right now he knows that he looks like a loser. Perhaps he also instinctively realizes that may just break the spell some of his voters have been under since he was unexpectedly elected two years ago — the belief that even though he is personally a mess and his administration is nonstop chaos, he’s an unbeatable giant-slayer, an omnipotent superhero who transcends the normal definition of leadership. He lost, and his followers will never see him the same way again.

Once a con man is exposed, he blows town and moves on to the next mark. But Donald Trump is the president of the United States. He’s trapped and he has nowhere else to go.

He is and always been a con-artist, but he’s always had an out—his dad’s money, a pile of shoddy licensing deals, fame as a fake TV businessman, and shady Russian “investments.”

Now he’s at the end of the line, and he knows it.