President Trump's bold initiative to ban Wall Street vultures from gobbling up single-family homes is hitting predictable resistance from the usual suspects - Senate Democrats and their corporate puppet masters who profit from keeping the American Dream out of reach for working families.
While a bipartisan housing bill moves forward in Congress, the Trump-backed provision targeting institutional investors has triggered a full-scale lobbying assault from the very Wall Street firms that have been systematically pricing out middle-class Americans from homeownership.
These corporate raiders hide behind the laughable excuse that banning their predatory practices would somehow "eliminate build-to-rent units and reduce rentals." What they really mean is it would eliminate their obscene profit margins made by turning the basic human need for shelter into a Wall Street casino.
America First vs. Wall Street First
This fight perfectly illustrates the difference between President Trump's America First agenda and the Democrats' Wall Street First priorities. While Trump fights for working families who want to own a piece of the American Dream, Democrats carry water for hedge funds and private equity firms that have turned entire neighborhoods into corporate-owned rental empires.
The numbers don't lie - institutional investors have been snapping up hundreds of thousands of homes, driving up prices and forcing families into permanent renter status. But apparently, Senate Democrats think that's just fine as long as their donor class keeps getting richer.
"We're not going to let Wall Street turn every American neighborhood into their personal ATM while families can't afford to buy homes," a senior administration official told reporters.
Industry groups opposing the measure are the same corporate interests that have spent decades lobbying against working families. Their sudden concern for "rental availability" is rich coming from the same people who created the housing shortage in the first place.
President Trump ran on draining the swamp and putting America First - and that includes making sure American homes go to American families, not foreign investment funds and Wall Street speculators.
The question patriots need to ask their representatives is simple: Are you fighting for working families who want to own homes, or are you fighting for Wall Street firms that want to own America?