Hello, everybody, and thank you for tuning in to the weekly report.

The Real Affordability Agenda.

Donald Trump's victory in the 2024 presidential election was due in large part to his promises to pursue an American-first foreign policy and reign in inflation.

One year later, prices remain high and President Trump is more focused on overseas meddling than on the

American people. This has helped enable Democrats to win governor races in Virginia and New Jersey

and self-described democratic socialist, Zohan Mamdami, to win the New York City mayor's race

by running on affordability. Since the election, President Trump has made a number of proposals to ease the burden

of high prices. One of the President's proposals is changing federal housing regulations to encourage

lenders to offer 50-year mortgages.

Though a 50-year mortgage in comparison to a 30-year mortgage

could reduce monthly mortgage payments by over $100 for a median-price home,

it could also roughly double interest payments made over the life of the

mortgage.

So while the longer mortgage may provide a short-term benefit, in the long run it is a losing

proposition for potential homeowners. President Trump also proposed using the revenue from his tariffs to give most Americans at least

$2,000. This may provide some help for struggling Americans, but it does not compensate for the

damage inflicted on the American economy by the tariffs.

President Trump has also announced plans to reduce tariffs on some countries in regard to coffee,

bananas, and other agricultural products. This reduction in the tariffs has come with an admission from the Trump administration

that the high tariffs have led to increased prices and thus harmed Americans.

Hopefully, President Trump will provide more relief from his tariffs, including relief aimed at helping

American manufacturers who rely on imports for raw materials and tools.

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