Biden’s First Veto Mandates Woke (ESG) Investing Of Our Retirement Savings

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Biden vetoed a bill that would have stopped your retirement savings being used to fund political woke activism. We are being forced to fund our own destruction.

By what right does the government command our retirement money to fund their lunacy?

Biden shredded after issuing first veto of his presidency to protect ESG: ‘Such a liar’

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Fox News: President Joe Biden vetoed a bill for the first time in his presidency on Monday, arguing that the legislation was overly influenced by “MAGA Republicans.” The Republican-led legislation prevented Biden’s administration from taking environmental, social and corporate governance (ESG) issues into account when making investment decisions. GOP lawmakers argue ESG is a measure of a corporation’s loyalty to “woke” cultural movements and should not be taken into account. The bill specifically ended enforcement of a new Labor Department rule that urged private retirement plan fiduciaries to consider ESG in their investment decisions (Fox News). Associated Press: Critics say environmental, social and governance (ESG) investments allocate money based on political agendas, such as a drive against climate change, rather than on earning the best returns for savers. It’s just the latest manifestation of the new relationship, and Biden is gearing up for even bigger fights with Republicans on government spending and raising the nation’s debt limit in the next few months (Associated Press).

Biden issues first veto of his presidency over influence from ‘MAGA Republicans’
Biden singled out Rep. Marjorie Taylor Greene
By Anders Hagstrom | Fox News

President Joe Biden vetoed a bill for the first time in his presidency on Monday, arguing that the legislation was overly influenced by “MAGA Republicans.”

The Republican-led legislation prevented Biden’s administration from taking environmental, social and corporate governance (ESG) issues into account when making investment decisions. GOP lawmakers argue ESG is a measure of a corporation’s loyalty to “woke” cultural movements and should not be taken into account.

“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. Your plan manager should be able to protect your hard-earned savings — whether Rep. Marjorie Taylor Greene likes it or not,” Biden announced in a Monday tweet.
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The bill specifically ended enforcement of a new Labor Department rule that urged private retirement plan fiduciaries to consider ESG in their investment decisions.

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danknight
danknight
1 year ago

RINOs have been onboard with this from the start …

… remember when the Bushies had the chance to stop

… the Community Reinvestment Act liar loans and money laundering

… the Mortgage Backed Securities and

… Credit Default Swaps based on Mortgage backed securities?

Not to mention stopping the Carbon Exchange lunacy started at Enron?

We got nothing … just ‘Shut up Peasant! You’re just here to take the blame and pay the bill!”

… and that’s what’s going to happen with all of this Make China Communist Climate Change for the Better Power and Money for Mass Murderers nonsense …

So I’m not holding my breath – obviously …

Snowedin
Snowedin
1 year ago

This disgusting pathetic government has their hands in all of our funds and will not stop till we are all broke, eating bugs and are happy. It is time for people to start to retaliate. This is going too far. I will not put my savings into ESG. They can shove it where the sun don’t shine.

PatDD
PatD
1 year ago

Come on man…the moron will never do anything that benefit America or Americans!!!

Robert Ronald Garcia
Robert Ronald Garcia
1 year ago

Senile Biden is destroying our Nation.

LaddyboyD
Laddyboy
1 year ago

The FIRST?? You mean ALL of the E.O.s he CANCELLED on his FIRST DAY of occupying the President’s Office does not count? BAHOOEEE!! This DEMENTED FRAUDULENT OCCUPIER of a pRESIDENT has no idea what State he is in let alone when and where to have a BOWEL MOVEMENT!!!!

Ómar
Ómar
1 year ago

Satan’s puppet is this man Biden and friend George Soros who is the enemy of freedom and of men and of the living God, and the left-wing fascists who rule with them .
And the whole world suffers because of this men who are badly possessed by Satan’s demons, and the fruits of his works, which are bad fruits, because by the fruits of our works we are known.

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Thanks for sharing!