President Donald Trump on Thursday promised to revive the American Dream by reducing housing costs for young Americans.
“This is what the American dream is all about,” Trump said. A room filled with business elites and billionaires At the New York Economic Club.
“Making housing more affordable…” [and] We get [mortgage rates] It's down to 3 percent… [so] Young people will once again be able to buy a home and achieve the American dream,” he said, adding:
Millions of people will join… [in] Restoring the American Dream. It's about the American Dream. It's about the American Dream. [about the] The American Dream [Democratic] People in public office. They don't want to talk about the American Dream, because they're the exact opposite.
Trump's “just the opposite” comment was likely a reference to the pro-immigration, pro-diversity policies adopted by senior Democratic Party officials, including former President Barack Obama and 2024 Democratic candidate Kamala Harris.
The influx of roughly 10 million immigrants has caused apartment and home prices to soar.
Democrats know that immigration is driving up housing costs, a threat to their elections, so Harris has pledged to offset the impact of immigration on housing costs with Democratic restrictions, subsidies for homebuyers and a $40 billion package of grants for towns and builders, but she has not suggested she would curb the influx of immigrants who compete with Americans for housing.
But Trump promised to cut costs by excluding illegal immigrants from the housing market: “We can't ignore the impact that the influx of 21 million illegal immigrants has had on home prices. So my plan is to: [federally backed] “Mortgages for illegal immigrants”
“If there are fewer immigrants trying to rent the same amount of space, the economics are likely to lead to lower rents,” says Wall Street economist Nick Luettke. said Marketplace.org Radio Show Reported September 5th.
Trump also promised to lower housing prices by selling federal land and relaxing federal regulations, saying his goal would be to “cut the cost of a new home in half.”
“We're going to open up some federal land for the construction of large-scale housing that will be very low tax, very low regulation, so young people and others can afford it,” he said.
Trump complained that state Democrats are offering housing assistance to immigrants. “In California, [Democrats] They pass laws that give illegal immigrants money to buy a home, but they can't do that for our soldiers and veterans lying on the streets. [loans]” he said.
He continued:
We have soldiers lying on the streets of various cities run by Democrats, and then illegal immigrants come and live in hotels and laugh at our soldiers who pass by.
Trump also criticized federal funding for illegal immigrants, saying, “These immigrants are consuming hundreds of billions of dollars in welfare benefits.”
Restoring the American Dream has been a major theme of Trump's election campaign.
“This is about the American Dream,” Trump told Elon Musk on August 12. “Elon, you truly represent the American Dream. But we don't hear about the American Dream anymore.”
The pitch portrays Trump as a helpful optimist in a close race in which the Harris campaign has adopted strategies, style and tone designed to maximize support from women.
The term was coined by the American author and historian James Truslow Adams Explained Do this:
It is a dream of a country where everyone has the opportunity to live according to their ability and achievements, where everyone can live a better, richer, and more fulfilling life. It is not just a dream of cars and high wages, but a dream of a social order in which everyone, man or woman, regardless of the chances of birth or station, can realize their full potential and be accepted by others for who they are.
The idea was born in the early 1930s and then blossomed during the postwar prosperity made possible by reduced immigration and increased productivity. Trump was born in 1946, so he grew up expecting the American dream of everyday prosperity.
But since the 1990s, the American Dream has been downplayed, in part because the Democratic Party has shifted its emphasis from transferring wealth from the wealthy to ordinary Americans. Instead, progressive Democrats talk about transferring “fairness” from ordinary Americans to immigrants, racial minorities, and sexual minorities.
Progressives also attack the family-centered American Dream, pushing a government-enforced alternative dream of civil rights and diversity within a “nation of immigrants.”
This trend away from being American is reflected in the Democrats' current celebration of illegal immigrants as “Dreamers.”
U.S. Citizenship and Immigration Services, part of the Department of Homeland Security, prides itself on helping immigrants achieve the American Dream.
