Source: The American Prospect
by David Dayen
“My theory is this: Sometime over the holidays, someone got to Donald Trump and told him he would lose the midterm elections badly if he did not offer something to the public to deal with affordability concerns. The traditional policy playbook for such things on the conservative side would either do nothing or make things actively worse. So this search for an affordability agenda has led Trump into the waiting arms of progressive populism, sort of. The result has been … strange. Over the past couple of weeks, Trump has called for banning corporate investors from purchasing homes. He has directed Fannie Mae and Freddie Mac to buy $200 billion in mortgage-backed securities to lower mortgage interest rates. He has insisted on a one-year cap on credit card interest rates to 10 percent, and endorsed a bipartisan bill to inject competition into credit card markets to reduce excessive swipe fees merchants pay.” (01/15/25)
https://prospect.org/2026/01/15/trump-affordability-gop-policy-interest-rates-credit-cards/