It’s rare for Congress to act in a bipartisan manner.
And it’s even rarer for a bipartisan bill to actually do something good for the American people.
That’s why both Republicans AND Democrats went in on Joe Biden after he used his first veto to kill this critical bipartisan resolution.
More than two years into his regime, President Joe Biden finally used his veto power for the first time.
And he is being condemned from both sides of the political aisle for killing a bipartisan resolution.
The resolution would have reversed a final rule from the Department of Labor that would force financial advisors and institutions to prioritize woke Environmental, Social, and Corporate Governance (ESG) standards when making decisions about how to invest working class Americans’ retirement accounts, rather than prioritizing making money for their clients.
That’s right, President Biden’s veto means the Department of Labor is free to declare ESG standards are more important than growing and maintaining Americans’ retirements.
This will leave millions of Americans hung out to dry as companies go woke, then go broke.
And the resolution Biden vetoed was so bipartisan, it even passed in the Democrat-controlled Senate.
The President attempted to explain away his veto, but by most accounts just made it worse.
“There is extensive evidence showing that environmental, social, and governance factors can have a material impact on markets, industries, and businesses,” Biden claimed. “But the Republican-led resolution would force retirement managers to ignore these relevant risk factors, disregarding the principles of free markets and jeopardizing the life savings of working families and retirees.”
Sorry Joe, that’s not going to cut it, Americans are far too aware of what forcing your woke ESG agenda is going to do to the average American.
“MAGA House Republicans”
Of course, Biden omitted the fact that Democrats in both the House and Senate also voted to overturn the Labor Department’s final rule.
Instead, he attacked the resolution as the work of “MAGA House Republicans” and Congresswoman Marjorie Taylor Greene (R-GA).
No one is quite sure why Biden called out the Congresswoman by name, as she was just one of 216 bipartisan Members of Congress who voted for the resolution.
It was interesting that President Biden didn’t use his veto as a way to support ESG, proving he knows the American people oppose it.
Instead, he just went on the attack against so-called “MAGA Republicans.”
Biden continued by falsely claiming that “this resolution would prevent retirement plan fiduciaries from taking into account factors, such as the physical risks of climate change and poor corporate governance, that could affect investment returns.”
The President offered no proof of his claims, of course, mostly because it is yet another of a long string of lies he’s told and the corporate-controlled media refuse to call out one of their allies.
“Retirement plan fiduciaries should be able to consider any factor that maximizes financial returns for retirees across the country,” Biden said. “That is not controversial — that is common sense,” he claimed. “Therefore, I am vetoing this resolution.”
But it is Biden’s ESG rules that do exactly what he claims to oppose.
Republicans had previously blasted Biden and his Labor Department’s decision to push ESG on working class Americans’ retirement accounts as a “middle finger to middle-class Americans.”
After the veto, they didn’t hold back on their attacks.
And they were joined by prominent Democrats, like Senator Joe Manchin (D-WV).
Manchin noted that the Biden regime “continues to prioritize their radical policy agenda over the economic, energy and national security needs of our country, and it is absolutely infuriating.”
“The Administration’s unrelenting campaign to advance a radical social and environmental agenda is only exacerbating these challenges,” he added.
Senator Manchin is exactly right about this.
Joe Biden and his radical agenda are derailing the economy, the community, and the very fabric of the nation.
US Political Daily News will keep you updated on any developments to this ongoing story.