UPDATE: Donald Trump Takes Office as the 47th US President
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1.9M views · 68K reactions | He's failed at everything except duping people. | Bill Jubran
He's failed at everything except duping people.
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Not that it's shocking, but I feel like it's fairly uncomfortable to think that, for one, a random director could just pitch this blind to the president. But it's also unsettling that instead of said president calling a few meetings and putting feelers out on the idea or troubleshooting, they'd just punch it out to the American public with no vetting.Get ready for a 50 year mortgage.
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.”
Again, not surprising that this president does it, but it feels like that should bother more people than it does.
Good Goddammit!
He uses cheap, fake stuff at all his properties.
He ain’t putting real gold anywhere cuz he ain’t paying for it.
What Mr. Spicy Vindaloo is not saying is that there is a clear, succinct narrative of how both the Boston bomber and Luigi were found and apprehended. That's not the case with Tyler.
Did he assemble the rifle on the spot, disassemble it and leave it in the woods with a towel, or stick up his ass? Did his family turn him in or did his gay, trans, furry roommate do it? Who the fuck knows?
They can't come with a reasonable explanation but his FBI is supposedly the most competent in the Bureau's history. Sure, Janesh.
Hilarious and you want me to believe folks are on the precipice of evolving.
For over a month, posters have been whining about the shutdown, people not getting paid, and SNAP benefits. Posters made republicans out to be the devil because of the shutdown. Now that there seems to be and agreement ending the shutdown, the same posters are whining. These same posters aren’t as concerned about reparations for black folks.
AOC and Bernie Sanders(and many posters) loudly support Mandami whose plans will cost NYC billions of dollars to the benefit of poor New Yorkers(majority white folks), but neither support Reperations for Black folks that have been due for multiple generations. And yall all for it.
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