UPDATE: Donald Trump Takes Office as the 47th US President

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Get ready for a 50 year mortgage.

A head shot of FHFA director Bill Pulte

The White House was blindsided by the idea and is now dealing with a furious backlash from conservative allies, business leaders and lawmakers.



White House officials are furious with Bill Pulte, the Federal Housing Finance Agency director, who talked the president into suggesting a 50-year mortgage plan.

The White House was blindsided by the idea, according to two people familiar with the situation granted anonymity to discuss internal thinking, and is now dealing with a furious backlash from conservative allies, business leaders and lawmakers.


On Saturday evening, Pulte arrived at President Donald Trump’s Palm Beach Golf Club with a roughly 3-by-5 posterboard in hand. A graphic of former President Franklin Roosevelt appeared below “30-year mortgage” and one of Trump below “50-year mortgage.” The headline was “Great American Presidents.”

Roughly 10 minutes later, Trump posted the image to Truth Social, according to one of the people familiar, who was with the president at the time.

Almost immediately, aides were fielding angry phone calls from those who thought the idea – which would endorse a 50 year payback period for a mortgage – was both bad politics and bad policy, a move that could raise housing costs in the long run, the person said.

“He just sold POTUS a bill of goods that wasn’t necessarily accurate,” the person said. “He said ‘FDR did it, you can do it, it’s gonna be a big thing.’ But he didn’t tell him about all the unintended consequences.”

The episode underscores the haphazard ways consequential policies are sometimes brought before the president, and how Trump’s govern-by-whim nature can backfire.

“Anything that goes before POTUS needs to be vetted,” said the person present for Pulte’s poster presentation. “And a lot of times with Pulte they’re not. He just goes straight up to POTUS.”


One of the two people familiar said there is more fallout from this idea than almost any other policy proposal of the second term, including from the MAGA base.

Trump on Monday downplayed the proposal and said it was not “a big deal.”

“All it means is you pay less per month,” Trump said on a Fox News show hosted by Lara Trump, the president’s daughter-in-law. “Pay it over a longer period of time. It’s not like a big factor. It might help a little bit.”

Nevertheless, conservative influencers, including Laura Loomer, Mike Cernovich, Christopher Rufo, Sean Davis of the Federalist, and Rep. Marjorie Taylor Greene (R-Ga.) blasted the idea on social media.

“The thing that became clear from this latest episode — if it wasn’t already clear — is that Bill Pulte doesn’t know the first fucking thing about how the mortgage markets operate,” one of the two people said. “After publicly humiliating the president with his moronic 50 year mortgage plan it’s safe to assume that his days are numbered.”

A slew of experts also panned the idea.

“It would lead to buyers building equity in their homes more slowly. At the beginning of the mortgage, more of those payments tend to be interest,” Gennadiy Goldberg, head of US rates strategy at TD Securities. “This is more of a stopgap bandaid to address affordability.”

 
Every now and then I listen to Don Lemnon’s reporting. His latest episode talking about the 8 democrats has been interesting (link below).

Haven’t finished the episode but from what I’ve heard, lots of spin being put out there, the 8 did let Schumer know but Schumer was against and rallied senate democrats to convince the 8 otherwise, the current vote is 1 of 4 votes needed to officially open the government so there’s still a chance it won’t go through.

Regardless of how I feel about Schumer and his leadership, I think the 8 senators that caved would’ve done it anyway. You always hear democrats saying that their Republican friend legislators dislike what’s going on…behind closed doors but in public, 99% of the time fall in line with chump. There’s no way the 8 should think and believe the republicans will actually keep their promise to consider and vote for ACA subsidies soon.

 


"White House officials are furious with Bill Pulte, the Federal Housing Finance Agency director, who talked the president into suggesting a 50-year mortgage plan.
“On Saturday evening, Pulte arrived at President Donald Trump’s Palm Beach Golf Club with a roughly 3-by-5 posterboard in hand. A graphic of former President Franklin Roosevelt appeared below '30-year mortgage' and one of Trump below '50-year mortgage.' The headline was 'Great American Presidents.'
"Roughly 10 minutes later, Trump posted the image to Truth Social, according to one of the people familiar, who was with the president at the time."
 
Even if this were true, it's too late. Doesn't ratification mean we accept the results?

Why do the Democrats have to be so fucking soft? I'm so sick of this. The Democrats have the right idea in mind but have the balls of The waterboy with no H2O tackling fuel
Bruh we call MAGA crazy for being being election deniers then listen to our own crazies.

If Republicans cheated, they would have given themselves 60 votes in the Senate and a much bigger advantage in the House.

And why did they turn off the cheating machines for every election after 2024? So they just let Dems have this huge wave last Tuesday with perfectly good cheating apparatus in place?
 
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