"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," —President Biden
Biden is a demented idiot. He doesn’t know what he just vetoed. This bi-partisan bill that he so proudly vetoed was necessary to protect shareholder investments in major corporations from the risks of forced investment in the renewables industry. Many of these investments are for state and private sector pension plans that are supposed to be managed by investment companies such as BlackRock and Vanguard. But ESG is just a stupid idea of the global elite and “woke” advocates, and it is destroying America. Perhaps the Senate will consider overiding the veto, but don’t hold your breath.
The investment managers who manage your retirement savings should have only two things to consider, the security of those savings and obtaining the highest rate of return achievable on those savings. ESG does not fulfill either of these considerations. In fact, it lowers the rate of return while increasing the risk. Unfortunately, you can’t change the situation any time soon, even if Biden was impeached, and even if you elected smarter people to high office. The problem is that the establishment leadership of both sides have accepted ESG. Some may have grown wealthy as a result. But not Marjorie Taylor Greene. She is an American Patriot.
The Democrats have become the party of Alphabet soup—ESG, DEI, LGBTQ(whatever), BLM, DOJ and FBI—all contrary to common sense. The last two organizations mentioned here used to be the mostly highly regarded agencies in the United States, perhaps even revered by the rest of the World. Now they are weapons of the far-left Democratic party and being used for prosecution of their political adversaries. In this case, those adversaries may well be over half of the United States voting population.
Once again Biden is prioritizing far-left special interests over the economic well-being of the American people. Thank God for MTG. Time for the rest to join her.