[Congressional Record Volume 172, Number 129 (Thursday, August 6, 2026)]
[Senate]
[Pages S4484-S4485]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]



                             Mortgage Rates

  Mr. President, on mortgage rates, as Trump focuses on his exorbitant 
vanity projects, Americans can tell what he is ignoring--lowering their 
costs. As if Americans weren't struggling enough already, they just saw 
mortgage rates hit their highest level in a year because of Trump's 
disastrous war and

[[Page S4485]]

failed economic agenda. Trump has turned the American dream of owning a 
home into a pipedream.
  Let's not forget, when Trump called our bipartisan bill to lower 
housing costs a joke and refused to sign it, he was belittling the need 
for housing. The President acts like he is allergic to helping 
Americans.
  What does Trump have to say to the millions of families just trying 
to make it through the week as they drown in higher gas prices and 
grocery bills?
  Trump said yesterday that Americans are living in the ``greatest 
economy we've ever had by far.'' Those were his words in Nevada 
yesterday. In practically the same breath, Trump said:

       We may have to send [oil prices] up.

  The President has lost any grip on reality. He is so in his own world 
of creating monuments to himself that he is forgetting the American 
people all the time. It is not just that he doesn't think of them 
enough; he hardly thinks of them at all.
  The greatest economy we have ever had? Tell that to the family that 
is deciding between filling up their tank and filling up their fridge. 
Tell that to the veteran I met who said that he sometimes has to choose 
between feeding his child and feeding his service dog. Whatever fantasy 
world Trump is living in sounds a whole lot nicer than the economic 
hardship Americans are struggling with right now.
  Trump's playbook has only one page: Deny reality until the bill comes 
due, and then send it to you, America.