President Biden yielded to the radial left influences in his administration and issued his first veto on Monday, blocking a bipartisan bill requiring fund managers to maximize financial returns for investors rather than pursue environmental, social and corporate governance objectives (ESG) when selecting investments — in effect allowing climate change and social justice to take precedence over the best rate of return.
Flipping reality on its head, Biden shared a video online explaining his reasoning and in the process, Mr. Unity took a potshot at U.S. Rep. Marjorie Taylor Greene, R-Ga.
“I just vetoed my first bill. This bill would risk your retirement savings by making it illegal to consider risk factors MAGA House Republicans don’t like,” Biden’s tweet said, stirring up partisan discord to run cover for his actions. “Your plan manager should be able to protect your hard-earned savings — whether Rep. Marjorie Taylor Greene likes it or not.”
Greene responded to the tweet and, as is her nature, the GOP lawmaker did not pull her punches, blasting Biden over his family’s lucrative financial ties to Communist China.
“No one has put our retirement at risk more than you, Joe. American families can’t count on checks from China to pay their rent and groceries like your family does,” Greene tweeted.
No one has put our retirement at risk more than you, Joe.
American families can’t count on checks from China to pay their rent and groceries like your family does. https://t.co/rE9I4NSm18
— Rep. Marjorie Taylor Greene (@RepMTG) March 20, 2023
In the video itself, Biden rather shamefully claimed that by pursuing the best rate of return, investors were risking retirement savings — a bizarre claim that stands only because of the widespread support this president enjoys from corporate media.
“I just signed this veto because the legislation passed by the Congress would put at risk the retirement savings of individuals across the country,” he claimed. “They couldn’t take into consideration investments that would be impacted by climate, impacted by overpaying executives and that’s why I decided to veto it.”
Sen. Joe Manchin supported the bill and the Democrat from West Virginia called Biden out for putting his left-wing politics ahead of what’s best for the American people.
“Despite a clear and bipartisan rejection of the rule from Congress, President Biden is choosing to put his Administration’s progressive agenda above the well-being of the American people,” the senator said in a statement. “This ESG rule will weaken our energy, national and economic security while jeopardizing the hard-earned retirement savings of 150 million West Virginians and Americans.”
Florida Gov. Ron DeSantis also responded to Biden’s tweet to point out that he “formed an alliance of freedom-loving states to combat the threat posed by ESG.”
Biden’s veto is why I formed an alliance of freedom-loving states to combat the threat posed by ESG.
Now with Virginia, our 20-state coalition will protect our citizens against powerful economic actors using their financial might to impose an ideological agenda. https://t.co/3YSZl712EE
— Ron DeSantis (@GovRonDeSantis) March 20, 2023
“At my direction, Florida has led the way in combatting the pernicious effects of the ESG regime by directing our state pension fund managers to reject ESG and instead focus on obtaining the highest return on investment for Florida’s taxpayers and retirees,” the governor said in a statement last week. “At the time I said we would spearhead an initiative to join with other like-minded states to send an even louder message to the financial industry that the American people have rejected ESG at the ballot box, and ideologues cannot and should not circumnavigate the will of the people.”
“We will not stand idly by as the stability of our country’s economy is threatened by woke executives who put their political agenda ahead of their clients’ finances,” DeSantis added.
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