Trump’s 50-Year Mortgage Con Job

0:00News Talk Opinion Satire, it's Newsweek Radio. I'm Jesse Edwards, and I really don't know what to say on days like this, because to be perfectly honest, I'm not just burnt out on the news, I'm burnt out on our entire system as human beings. And I fantasize about just getting back to nature and living on a deserted tropical island where the only thing I need to worry about is catching my fish for dinner. But fair warning of my mood today, it's quite salty, but let us gaze into the abyss of my internal lamentations anyway. Because that's what I do on this program. Trump clashes with Laura Ingram, my former colleague, over this harebrained 50-year mortgage idea.

0:36Sure, go ahead and play it. Housing costs are still out of reach. And another thing that your administration is trying to tackle, many Americans, the average age of first-time homebuyers are now up to age 40, which is sad. The country you and I grew up in. But I inherited that. Look, you have to understand. But let me get to the question, though, because your housing director has proposed something that has enraged your MAGA friends, which is this 50-year mortgage idea. So a significant MAGA backlash, calling it a giveaway to the banks and simply prolonging the time it would take for Americans to own a home outright.

1:11Is that really a good idea? It's not even a big deal. I mean, you know, you go from 40 to 50 years, and what it means is you pay something less. From 30, some people had a 40, and now they have a 50. All it means is you pay less per month. You pay it over a longer period of time. Yeah, this guy's an even bigger dumbass than we all feared if he thinks that a 50-year mortgage means a lower monthly payment in any significant way. But I do like how Laura Ingram cited a Newsweek article there because it's always nice to see us out in the wild, but I also like how Ingram clearly wasn't buying it. But going from a 30-year to a 50-year mortgage is a 67 % increase on the life of your loan.

1:50And we all know how that interest gets front-loaded, meaning that you're going to be paying that off long before you come close to anything shaving off the principal. But our stable genius here thinks that somehow the banks are going to do what exactly? Eat that interest? Are you insane? If you're going to buy a halfway decent house around 500k over the next 30 years, we're talking about roughly a$3 ,000 monthly payment, give or take a few hundred depending on your situation. You might be able to shave off a couple hundred bucks if you're lucky. That's not going to help anybody seriously, let alone the lifetime of debt.

2:19If you really wanted to help people, you would do everything in your power to cut the monthly payment in half. If a 50-year mortgage did that, it might at least be an interesting concept. But that's not how banks operate. And if they did, they'd go out of business because a 50-year loan on a house is ridiculous. Even if a 50-year mortgage shaved off$300 a month, and that's a big if, the banks would still make you pay for it through the ass in interest. It's not even a big deal. This isn't relief, it's indentured servitude. But Trump plays it off like everything's just fine. It's not even a big deal.

2:49You're not out there living paycheck to paycheck, working yourself to death year after year, missing out on life's pleasures because you spend most of your time working to build somebody else's empire for them. It's not even a big deal. Just to have this greaseball get on TV and gaslight the American people by suggesting that this is all in our heads. It's not even a big deal. It must be liberal propaganda that you can't afford that hard-earned family vacation this year. It's not even a big deal. It's just your imagination that the cost of living has doubled two or three times over our lifetimes already.

3:18It's not even a big deal. As the bean counters figured out how to pay everybody less and less. No wonder the powers that be want to keep us divided by race and gender 24-7. If enough people wake up to these realities, they might just get angry enough to fire every single bum in Washington and start over with a clean slate from the White House to Congress to the Supreme Court. A complete political purge and reset. The only one who gets to stay is John Fetterman, because he might just be the last real human representative we have left in D.C. Can somebody explain to me why we have credit scores as individuals when our own government couldn't balance the budget if their existence depended on it?

3:54Because their existence does not depend on it, unfortunately. And we're getting long past the point where it should. Because we the people are held to much higher standards than the very bureaucracies that regulate and micromanage our lives. Shouldn't it be the other way around? You know when a trucker with a commercial driver's license gets a DUI, even when off-duty? they are held to a much higher standard for criminal penalties than everyday drivers. You know why? Because they have more responsibility to keep people safe because they're driving a vehicle that is much more dangerous than a regular car and can kill a lot more people accidentally than anybody else on the road.

4:29That's why the punishment is so much harsher for them. A regular driver with a DWI might get their license suspended or pay some fines or have to take a class, whatever. A CDL driver gets their entire career erased. One DWI means an automatic one-year disqualification, even if it happens in their personal car on their own time. And a second offense is basically a lifetime ban. The blood alcohol limit for truckers is cut in half also from.04 instead of the regular.08 for us civilians, because the law treats them like they're always on duty. In other words, the same mistake that costs a normal driver a weekend in court costs a trucker their livelihood, their income, and every job opportunity they're trained for.

5:08So why don't we demand the same higher standards of accountability for the people that are running the country? If a trucker can lose their entire career over one bad decision because the stakes are so high, why do our leaders in Washington get to swerve all over the road of public trust with zero consequences? These people are steering an entire nation, not an 18-wheeler. Yet they're getting away daily with corruption and lies and incompetence and reckless behavior that would destroy any normal person's livelihood. We hold truck drivers to a higher standard because they can hurt people. Politicians can hurt all of us at once, yet somehow that earns them immunity instead of accountability.

5:44Got this whole thing backwards. And people wonder why some of us fantasize about dropping out of society altogether and living under a bridge in Hawaii. Look, I've got 30, maybe 40 years left on this planet if I'm lucky. Do I want to spend the rest of my life trying to get ahead in a system that's designed to keep me down and see me fail? Not really. But aside from getting rich, there are really no easy ways out of this kind of slavery. No, money doesn't buy happiness for sure, but it does buy freedom. And that's the one thing that most Americans have seen a lot less of lately. It's not even a big deal.

6:14But Trump says, don't worry about it, buddy guy. It's no big deal. It's not even a big deal. Mr. Gold-plated silver spoon up his arse thinks that because he's not hurting, you're not hurting. It's not even a big deal. What a disgusting, disgusting person. And to be honest with you, I'm not sure there's anybody else on this planet who has test my faith in humankind more than Donald Trump, at least in the modern age, because he represents the worst qualities of human nature in every way, yet somehow he still keeps a rabid following of devotees who will not give it up. I have the same bewilderment as to how an evil troll like Nick Fuentes, our favorite Mexican white supremacist, has a massive following.

6:51This guy. Look, our world does not make any sense, yet we're expected to just move along every day like there's nothing to see here and everything is completely normal. Don't forget to take your antidepressants because the world makes total sense and you're just sad for no reason. How could anyone that's aware of their surroundings not be doubled over in disgust and shame over how we treat each other as humans alone? On top of all this unchecked corruption that we just let slide because we want to be left alone in our little bubbles so nobody takes away what's left of the crumbs that government allows us to keep.

7:24It's not even a big deal. I'm as mad as hell, but I'm not going to do anything about it because there's nothing we can do to fight this globalist agenda, I'm afraid. The bad guys have been working quietly, indiligently behind the scenes for generations now, rigging the system and optimizing the algorithms to bleed you dry of every last dime that you can live without so they can have more and you can have less. We should be demanding reparations for the generational wealth that's been stolen from all of us, but we're never going to get it. Government calls and inflation, I call it generational theft because my parents worked hard and could buy a house.

7:57My grown children, on the other hand, work really hard and can barely afford groceries. Where exactly did all that money go? Somebody's been skimming off the top because too many Americans are running twice as fast for half the reward. Tell me this isn't by design. Oh, wait. Just kidding. Time's up. We're told that this is how things work now. I mean, ever since COVID, prices went up and never came back down. We're told to accept it, adjust to it, budget harder, work longer, drink less coffee, skip vacations, cancel Netflix, stop complaining. No, I'm done adjusting for them. It's time the government adjusted for us.

8:29I want reparations for the buying power they stole from every paycheck I've ever earned. For the taxes that rise faster than the opportunities they promise. This country did not fall behind because people are lazy. It fell behind because our leaders are beyond corrupt. They don't even try to hide it anymore. If the government spends trillions of dollars on everything under the sun, then it can damn well find the money to pay back the people who funded the entire circus in the first place. We funded this shit show. Where is the return on our investment? $2 ,000? You should be giving every single American a check equal to the wealth stolen from us through inflation, predatory interest, wage stagnation, and economic mismanagement across multiple administrations.

9:06Red state, blue state, black, white, young, old, everybody. This is not a culture war issue. This is a you got robbed over the course of 30 years issue. Yes, reparations for all Americans, not because we want charity, but because we want back what was ours in the first place. And it's ridiculously insulting that this con man of a president would even float this brain fart after everything he's promised on the campaign trail. Prices will come down and come down dramatically and come down fast. Not that anybody who understands Trump's nature believed him, but he's just adding insult to injury. It's not even a big deal.

9:42And it's just another sign that Donald Trump is a deep state swamp monster of many. Because people like Trump don't want you to own anything when it's much more profitable for him and his big banking buddies to keep ownership and let you rent. Not only is it more profitable, but think of all that extra leverage that banks would have with all of that real estate under their belts and not being bought, sold, and traded amongst us commoners. I've been working my ass off for the last 30 years, and it feels like every time I take a step forward, Big Brother steps in to make sure I take two steps back by pinching my wallet before I even see my paycheck, only to turn around and spend that money on dropping bombs on third world countries, or giving my money away to those countries outright.

10:22All of this while they can't even manage to balance the budget at home. $38 trillion in debt. And I'm the one that needs to maintain a positive credit score? Explain that shit to me. And you gotta know that Deep State's bringing those social credit scores to the not-so-United States in the very near future, correct? Yes, likely within our lifetimes. An entire new level of micromanagement from Big Brother that's gonna make the pain we're feeling collectively now look like Disneyland in the future. No, they're not gonna arrive with some sort of dramatic announcement. Social credit scores are gonna slip in quietly through safety updates and trust metrics and anti-fraud protections and rolled out by your bank, your airport, your insurance company, your social media apps, and eventually your government.

11:02One day you're just going to wake up and it'll be there, intricately woven into every service you use, tracking everything from your financial habits to your online arguments to whether you bought too much alcohol this month. And if your score drops, you won't get a letter in the mail saying you're banned from anything. You'll just simply have a much harder life as flights get more expensive and loans get denied and job applications disappear to a black hole and your posts online stop reaching anybody and customer service becomes hostile and unresponsive. you'll feel like you're pushing through an invisible glue.

11:32While the folks with higher social credit scores will breeze past every barrier, it won't even look like tyranny on the surface. It'll just look like everyday policy. Sorry for painting such a dark picture today, but maybe I'll be in a more positive mood tomorrow. It's not even a big deal. So until we can do it again, it's Newsweek Radio. I'm Jesse Edwards. Catch you next time. Bye. And we say bye-bye. Newsweek Radio is a member of the Trust Project. It's not even a big deal.