President Donald Trump likes to think of himself as following the path of Andrew Jackson, president from 1829 to 1837. Jackson considered himself a defender of the common man against the elites of the early years of the new republic. Trump, however, is not a champion of the working class. Rather, he is a strong supporter of the business class and his family interests (witness his crypto investments).
Trump, like Roosevelt, is interfering in important sectors of the economy.
Meanwhile, Trump’s One Big Beautiful Bill has swelled the federal deficit, driving up interest rates and mortgage costs. His tariffs on timber, wood products, and furniture have inflated construction costs, while his restrictive migration policies have created a shortage of building labor. The combined effect: higher prices for new and existing homes.
Most egregiously, FDR supported state control of key industries. Trump is following a similar path.