Questions on the economy and backlash from his own supporters found the president pointing across the aisle and deeming at least one concern a “con job by the Democrats.”
(Video Credit: Fox News)
With the Christmas season upon the nation, consumers planning parties and gift-giving are set to grow even more acutely aware of the spending power of their earnings. When it comes to even everyday purchases for those fretting over the economy, President Donald Trump insists that the leading issue is Democrats working with corporate media to gaslight the public.
Joining Fox News host Laura Ingraham for an interview from the White House on Monday, the president was asked about the lasting impact of inflation on goods like eggs and beef: “Is this a voter perception issue of the economy, or is there more that needs to be done by Republicans on Capitol Hill, or done in terms of policy?”
“More than anything else, it’s a con job by the Democrats,” asserted Trump. “They put out something, say, ‘Today, the costs are up.’ They feed it to the anchors of ABC, CBS, and NBC, and a lot of other, CNN, etc. It’s like a standard — I’ll never forget they used a word like ‘manufactured.’ Do you remember the word ‘manufactured?’ ‘It’s a manufactured economy.’ Nobody uses that word. Every anchor broke in, ‘manufactured.’ They do exactly what they say.”
The chief executive went on to insist, “Costs are way down,” with references to energy and gasoline, before Ingraham asked, “So, you’re saying that voters are misperceiving how they feel?”
It was then that the president saw fit to remind the host what the team effort of leftist policies under then-President Joe Biden and then-Vice President Kamala Harris had wrought before recapping aspects of the 2024 presidential election.
Staying on the subject of the economy, Ingraham turned to the housing market and led into the recent proposal of allowing for 50-year mortgages by noting, “Housing costs are still out of reach, and another thing that your administration is trying to tackle, the average age of first-time home buyers are now up to age 40, which is sad for the country.”
“Yeah, but I inherited that. Look, you have to understand-” Trump began before the host cut in to continue, “Right, 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. Is that really a good idea?”
Playing off the concern, the president contended, “It’s not even a big deal. I mean, you know, you go from 40 to 50 years,” before Ingraham interjected a correction, “30 to 50.”
“You pay something less, from 30, some people had a 40, now they have a 50,” continued Trump without missing a beat. “All it means is you pay less per month, you pay it over a longer period of time. It’s not like a big factor. It might help a little bit, but the problem was that Biden did this. He increased the interest rates, and I have a lousy Fed person who’s gonna be gone in a few months, fortunately. I have a guy, ‘Too Late,’ you know, Jerome Powell — we call him ‘Too Late’ — he was too late on everything except when it came to before the, you know, the Democrat, so-called Democrat election, which didn’t work.”
“But we’re gonna get interest rates down. But even with interest rates up, the economy is the strongest it’s ever been,” he went on to add.
As had been reported, the notion of a 50-year mortgage was soundly rejected by conservatives who pointed out that the minimal difference in monthly payments was far overshadowed by the increased interest paid out over time.
Trump admin ‘working on plan’ to roll out 50-year mortgage to address housing costs https://t.co/PFxYeCSKAn via @BIZPACReview
— BPR based (@DumpstrFireNews) November 10, 2025
Further supporting the commentary, Fox Business reported Realtor.com senior economist Joel Berner as saying, “The drawbacks are that a 50-year mortgage results in almost double the interest payments of a 30-year mortgage and a longer path to meaningful home equity, and that the result of subsidizing home demand without increasing home supply could be an increase to home prices that negates the potential savings.”
Similarly, David Bahnsen, founder of the private wealth management firm The Bahnsen Group, told the outlet, “The major issue with affordability is the down payment and the interest rate. A 50-year mortgage would not change the requirement of a down payment, and interest rates for longer-maturity debt are higher than they are for shorter-maturity debt.”
Amid the backlash as the prospect of a 15-year car loan was also floated along with assumable or portable mortgages, Federal Housing Finance Agency (FHFA) Director Bill Pulte attempted to massage away concerns as he wrote on X, “We hear you. We are laser focused on ensuring the American Dream for YOUNG PEOPLE and that can only happen on the economic level of homebuying. A 50 Year Mortgage is simply a potential weapon in a WIDE arsenal of solution that we are developing right now. STAY TUNED!”
We hear you. We are laser focused on ensuring the American Dream for YOUNG PEOPLE and that can only happen on the economic level of homebuying. A 50 Year Mortgage is simply a potential weapon in a WIDE arsenal of solutions that we are developing right now. STAY TUNED!
— Pulte (@pulte) November 9, 2025
Challenging the president’s confidence in the economy, Ingraham asked, “Then why are people saying they’re anxious about the economy? Why are they saying that?”
To that, he responded, “I don’t know that they are saying that. I think polls are fake. We have the greatest economy we’ve ever had.”
Native of Brooklyn, NY, Kevin Haggerty is a graduate of Hunter College where he studied Cultural Anthropology and Geography. An avid reader and truth seeker, he currently resides in Texas with his wife and their dog and, when he isn't researching current events and their impacts, you'll find him spending time with friends and family or working on his next novel.
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