The president has renewed a campaign promise to cap credit card interest rates at 10 percent, vowed to ban investors from buying up housing and directed mortgage giants Fannie Mac and Freddie Mac to invest $200 billion in mortgage bonds.
This new agenda, which includes several liberal wish-list items, has raised eyebrows among traditional economic conservatives by having the government take ownership stakes in some private companies and pressuring Federal Chairman Jerome Powell to lower interest rates, along with the Justice Department launching an investigation into his leadership at the Federal Reserve.
Liberal Democrats in the House and Senate have pushed to lower home prices by targeting investors for years, and Sens. Bernie Sanders, I-Vt. and Josh Hawley, R. Ro., recently introduced legislation to limit credit card rates for one year.
Sam Smith- When you read stories such as the one in mind, it is important to remember that Trump is not an ideologue. He is a Trumpolgue, which is to say that the only ideology that appeals to him is one that give him power. As he sees the right weakening, he's looking for some new positions he can claim.
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