Trump's Controversial 50-Year Mortgage Plan Faces Fire
Former DOGE architect and Azoria CEO James Fishback, known for his strong campaigning against H-1B visas and immigration, has launched a scathing attack on President Donald Trump's proposed 50-year mortgage plan. Fishback described the initiative as a disgusting insult to Americans and predicted political consequences for the Republican party in upcoming midterm elections.
The Mortgage Proposal That Divided America
The controversial housing plan suggests replacing the current 30-year mortgage system with a 50-year alternative, aiming to make monthly payments more affordable for young homebuyers. US director of federal housing Bill Pulte confirmed the development, stating "we are indeed working on The 50 year Mortgage - a complete game changer" in a social media post that received President Trump's endorsement.
According to mortgage calculations, the financial implications are significant. A $300,000 home with 5% interest rate and 5% down payment would require monthly payments of $2,254 for a 15-year fixed mortgage, $1,530 for a 30-year fixed mortgage, and just $1,294 for the proposed 50-year fixed mortgage.
Backlash and Political Fallout
James Fishback didn't mince words in his criticism, declaring that "paying for 50 years is slavery and Americans are not slaves." He expanded his condemnation, stating "We are Americans. We are not slaves to the plantation owner. We are not slaves to China. And we are not slaves to Wall Street."
The Azoria CEO accused both Republican and Democratic parties of being "in bed with Wall Street" and forcing Americans to become "debt slaves." He warned that if the mortgage plan continues, Republicans would face losses in the midterm elections and "they will deserve to."
Reports from Politico indicate the White House was blindsided by the proposal, with Bill Pulte reportedly convincing Trump to announce the plan during a meeting at Trump's Palm Beach Golf Club. Pulte arrived with a posterboard comparing former President Franklin Roosevelt's 30-year mortgage to Trump's proposed 50-year version under the headline "Great American Presidents."
Within just 10 minutes of their meeting, Trump posted the image to Truth Social, leaving his aides to manage the resulting angry phone calls and political fallout. The President defended the proposal, arguing it would simply lower monthly payments and leave more money in people's pockets, though his party members largely rejected the idea of half-century mortgage commitments.
