"Zoom in: On Truth Social on Saturday afternoon, Trump floated the idea of a 50-year mortgage to improve housing affordability. Bill Pulte, the powerful director of the Federal Housing Finance Agency ( FHFA), then tweeted: "Thanks to President Trump, we are indeed working on The 50 year Mortgage - a complete game changer." Rep. Marjorie Taylor Greene (R-Ga.) argued on X that the idea would "ultimately reward the banks, mortgage lenders and home builders while people pay far more in interest over time.""
"Why it matters: It's the Santa and Grinch presidency, in which almost every day reveals a new promise to give something of financial value to a nation, group or individual - or take it away. But rarely do these transactions cement new laws. This reality reflects Trump's improvisational and dealmaking impulses. But it also means that a lot of what he does will be easily reversible."
President Trump's first 296 days of his second term produced more one-off, give-or-take deals than new U.S. laws. No president since at least Dwight Eisenhower in 1953 has signed fewer bills into law in a similar governing period, despite party control of both the White House and Congress. The presidency combines frequent promises to grant or withdraw financial value for groups or individuals, reflecting improvisational and dealmaking impulses. Many proposals do not require new legislation and remain easily reversible. Recent floated ideas include tariff rebate checks, a $2,000-per-person dividend, and a 50-year mortgage to address housing affordability.
Read at Axios
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