On Monday, President Joe Biden vetoed a bill for the first time in his presidency on Monday, arguing 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
House Speaker Kevin McCarthy (R) responded to the President’s veto, accusing him of prioritizing woke corporations over workers.
According to Fox News, under the rule fiduciaries who make investment decisions for the retirement plans of more than 150 million people would be explicitly permitted under federal guidelines to consider companies’ approach to climate change and other social issues, instead of focusing on only profitability and return on investment for retirees.
Sen. Joe Manchin (D-WV) blasted Biden for the veto on Monday, saying Biden was placing “radical” social agendas over the American people.
“This Administration continues to prioritize their radical policy agenda over the economic, energy and national security needs of our country, and it is absolutely infuriating,” Manchin wrote in a statement. “West Virginians are under increasing stress as we continue to recover from a once in a generation pandemic, pay the bills amid record inflation, and face the largest land war in Europe since World War II. The Administration’s unrelenting campaign to advance a radical social and environmental agenda is only exacerbating these challenges.”
“President Biden is choosing to put his Administration’s progressive agenda above the well-being of the American people,” he added.
god continues to bless his globalists and their puppets; soros and chester biden and zelensky to create hell on earth for all the good people and heaven on earth for all gods evil people .
God WILL prevail!
Wow, another action to gain unity of the Country. He blames everything on MAGA as he satisfies all the needs of his radical left wing fans. Strange how there are rumors all over about him trying to gain control of all the retirement funds, but he uses this veto to “save retirement plans”. What a liar. The man is evil and without honor. Vote accordingly!!!!!
FJB
God save us all from the most mean-spirited and incompetent president in U.S. history. Every day he does something to weaken our beloved free country. Better to impeach him and Kamala now and replace these idiots with a pair that can hold the country together until the 2024 election.
As far as I’m concerned, nothing biden says or does should be upheld, he’s NOT OUR PRESIDENT! Just a senile old thief!!!!
Vlidamir, although I do agree that it seems that God is agreeing with the globalists, I must disagree that is realistic, not the factual case. Gods hand is not in these actions, but in another action that will counter what you refence. I disagree with many in Hollywood (first of Kurt Russell) but do agree with attitudes of characters folks like this portray. I’.E. “I’m coming, and Hell is coming with me”. Wyatt Earp was said to exclaim. but no one knows. However, no doubt about it, the nation has already decided. And I I am not making a treat, just a prophecy. Everyone better get ready. It’s not going to be pretty, but it will be real. We are all real tiered of the BS. God Bless Vladimir. And let us hang in there.
The extreme Left is surely godless and our “Nation under God, with liberty and justice for all” will surely descend into a hell of our own making if we continue to allow their radical Marxist agenda to legislate the social, economic, energy, and national security policies of our country. The far Left has successfully invaded our educational institutions and we have only just begun to witness the extent of damage to our children’s and grandchildren’s abilities to think critically and morally about our nation’s current path of deleterious influence in our homeland and on the world-at-large.
& AARP favors this??
Anyone who believes the AARP really cares about retired people has not been paying attention.