Trump’s Affordability Tailspin: 50-Year Mortgages, Tariff Checks & Maybe Socialism | The Daily Show

Trump’s Affordability Tailspin: 50-Year Mortgages, Tariff Checks & Maybe Socialism | The Daily Show

Welcome to The Daily Show. I’m Josh Johnson. We’ve got so much
to talk about tonight. Trump can’t stop writing IOUs. Sean Hannity’s diss
track just dropped, and a new breakthrough
will allow you to live forever if you’re a mortgage. So let’s get
into the headlines. [MUSIC PLAYING] # # We all know the economy
isn’t great right now. Rent is too expensive. Grocery prices are too high. People are fist fighting
in Starbucks over bear cups. That one isn’t really
about the economy, but I just like watching
middle-aged people fight over cups. That bear has turned
Starbucks into Waffle House. The point is, it’s
rough out there. So no wonder last
week, Democrats won a ton of elections
by running on affordability. And that sent President
Trump into a little bit of a tailspin. You know, they have this
new word called affordability, and they don’t talk
about it enough. We are the ones that have
done great on affordability. They’ve done horribly
on affordability. Affordability, they call it,
was a con job by the Democrats. We are the victors
on affordability. I don’t want to hear
about the affordability, because right now
we’re much less. Damn, that man just
went through the five stages of affordability. And I get why he feels
threatened, because normally he can just lie. But you’re the president, and
people know if they ate or not. It doesn’t matter how
many hats they buy or how many photos of him
and Epstein they pretend they didn’t see. You can hear your stomach
growling when you’re hungry. They’re not going
to be like, that must be an illegal immigrant in my
stomach stirring up trouble. Get out of there, immigrant. Get out of there. But you know what? If Trump wants to focus
on affordability right now, that’s great. There’s a lot of stuff
that’s too expensive. For example, houses. No one can afford a home. Everybody keeps waiting for
them to show up on Prime Day, but it never happens. So maybe Trump
could do something to bring down mortgages. NEWSCASTER: The Trump
administration moves forward with a plan
to introduce 50-year mortgages. Or you can make them
much longer, you know? Because you know where
we’ll all be in 50 years. Dead, you know what I mean? This seems like a bad idea. And if Black people could
get loans, I’d be worried. But, hey, hey, maybe I’m
just hating, all right. I mean, how much would
a 50-year mortgage save people? NEWSCASTER: Take a $400,000
loan at 6% interest. Under a 30-year mortgage,
the monthly payment would be just shy of $2,400. Under a 50-year loan, it drops
to just over $2,100, a savings of nearly $300 a month. Oh, boy! $300 a month? See, it’s not a stupid idea. You know what? I’m going to apply for a
50-year mortgage right now. NEWSCASTER: But over
time, that savings is erased by a much
larger interest bill. Because while the total
interest on a 30-year loan would be about
$463,000, the interest on a 50-year loan would
total more than $860,000. Signed Ronny Chieng. So you’re saying
that after interest, a $400,000 mortgage is going
to cost me $1.3 million. That is the opposite
of affordability. This man is creating
generational debt. They’re going to be fighting
to get out of grandma’s will. Grandkids will be like, I
barely knew her, all right. I wouldn’t even hug her
at Christmas because her skin was too loose. But look, forget mortgages,
because Trump’s got other plans to make sure you
afford whatever you want. You’re going to be
exhausted from affording. You’re going
to afford everywhere. President Trump
now says he wants to send out $2,000 rebate
checks paid for by his tariffs. One of the things
we’re going to do, we’re going to issue
a dividend to our middle-income people and lower-income
people, about $2,000. Wait a second, OK. Trump’s making
everybody pay tariffs. But only poor people are
getting the $2,000 checks. So he’s just redistributing
taxes from rich people to poor people. Did Donald Trump just stupid
himself into socialism? I mean, you’re doing
a great job Mr. President. We always believed. Everybody, shut up, all right? Don’t say a word. Let this play out
and we’ll have free health care by Christmas, all right? Nobody– nobody– nobody call
him Mango Mamdani all right. Great idea, Mr. President. Very capitalism. But hey, you know what? $2,000
would help a lot of people. If the money’s there,
the money’s there. NEWSCASTER: If the president
sent $2,000 checks to the 150 million people who make
less than $100,000, it would cost
$300 billion, even though the tariffs
are only projected to raise about $217 annually. The money’s not there. And now I’m starting to get
worried, because that’s $83 billion short. And I’m not saying Trump is the
worst president of all time. I’m just saying I’ve
never met anyone who was $83 billion short. And by the way, he’s
only $83 billion short if he hasn’t promised the
tariff money to anybody else. We’re going to take some of
that tariff money that we made. We’re going to give
it to our farmers. The big thing we want
to do is pay down debt. The president tapped
into tariff revenue to keep WIC money
for women and infants and children going
out the door. Tariffs is one
of the reasons why we have the money
in the Treasury to actually be able
to pay our troops. I think the tariffs
will be enough to cut all of the income tax. Donald Trump
suggesting the tariffs could fund the country’s
childcare needs. That Will easily pay
for the Golden Dome. And we’ll have a lot
of money left over. Money left over? The money that never
existed is already spent. And you’re running
around the country promising money you do not
have to multiple people many times over. Every week I’m at this
desk, I say this, and I guess I’ll have to say
this for three more years. But this is crackhead behavior. Please, for America’s sake,
you can’t go down this path. This is going to end up with
you behind the White House, with China doing unspeakable
things for money. Please reassure us, when you
are promising money to people, you have an idea where
it’s coming from. You put out a Truth
Social post earlier today. I did. LAURA INGRAHAM: Where you
blasted the air traffic controllers who had not
shown up for work and offered potentially a bonus
of $10,000 for those who have worked despite the shutdown. I’m sending them
a $10,000 bond. LAURA INGRAHAM: Where’s
that money coming from? I don’t know. I’ll get it from someplace. Somebody please
hide the dumpster behind the White House. For more on Trump’s plan
to give everyone $2,000, let’s go live
to the White House with our own Grace Kuhlenschmidt. Grace, you’ve been
reporting on this story. Is this a serious plan? Absolutely not, Josh. A $2,000 tariff dividend
is such a stupid plan, it’s laughable. [LAUGHS] But I want $2,000. God, I want it so [BLEEP] bad. But you just said it’s stupid Oh, it’s one of the dumbest
things this dumb-dumb president has ever done. It’s going to bankrupt
the country and drive inflation through the roof. But on the other hand,
Mommy want that money, Mommy want [BLEEP]
that money so bad. Grace, let me explain. You’ve already paid
this money in tariffs. Right. I am aware consumers
have been shouldering the cost of these tariffs. I’m not stupid. But I am American. So $2,000, please. No, come on. We got to be better
citizens than that. There are better ways
to spend the money. Definitely. We could put it toward
Medicare for all or paying down the debt. And there’s– there’s one other
program that slipped my mind. Ugh, but maybe two Gs might
help refresh my memory. I’m not paying you the money. Then shut the [BLEEP]
up and let Trump pay me. So that’s it then? Americans are fine bankrupting
the future for some money today? It’s not just money, Josh. Oh my God. It’s 2,000 monies. Forget Mamdani’s free buses. With 2,000 monies, I
could buy my own bus. You can’t buy a bus
with 2,000 monies– I mean, dollars. Why are you so hard
for cash anyway? I’m really behind
on my 50-year mortgage. Grace Kuhlenschmidt, everyone.

The Democrats’ popular affordability platform has Trump jealously weaving plans for 50-year mortgages and socialist-seeming tariff rebates, and Josh Johnson deciphers how the “money man” president thinks $2,000 checks will solve everything. #DailyShow #Trump #JoshJohnson

0:00 – Josh Johnson’s TDS Welcome
0:20 – Trump Tired of Hearing About Affordability
1:52 – The President Introduces 50-Year Mortgages
4:14 – Trump Floats the Idea of $2,000 “Tariff Checks”
8:10 – Grace Kuhlenschmidt Weighs in on Trump’s Tariff Checks

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