Trump turns to progressives for ideas on affordability

Core Viewpoint - President Trump is seeking to align with progressives to address affordability issues and position Republicans favorably for the midterm elections, despite his previous economic policies that have been criticized by the left [1][8]. Economic Policies - Trump has renewed his campaign promise to cap credit card interest rates at 10%, a proposal that has been stagnant in Congress since its introduction [2][14]. - He aims to ban large investors from purchasing single-family homes, a move intended to make housing more affordable for first-time buyers, echoing progressive initiatives [13]. - Trump has directed Fannie Mae and Freddie Mac to invest $200 billion in mortgage bonds to lower mortgage rates and monthly payments, although analysts predict minimal impact on the housing market [2][15]. Political Dynamics - Trump's economic agenda has raised concerns among traditional conservatives, as it deviates from limited-government, free-market principles [5][6]. - The shift towards cost-control policies is seen as a response to recent electoral successes for Democrats, indicating a strategic move to regain voter support [8][10]. - There is skepticism from progressive leaders like Sen. Bernie Sanders regarding Trump's commitment to these policies, given his past actions that favored deregulation [7][20]. Bipartisan Support and Opposition - Some of Trump's initiatives may garner bipartisan support, but significant opposition is expected from business-friendly Republicans and Democrats [10][21]. - The political landscape is complicated, as Trump's policies may force Republicans to support ideas they traditionally oppose, while some Democrats may struggle to vote against him [21][23]. Public Perception and Polling - Recent polling indicates that only 31% of voters approve of Trump's handling of the economy, a decline from 40% shortly after he returned to office [17]. - The gap between Trump's economic perspective and voter sentiment has prompted him to campaign in key states to promote his economic agenda [18][19].