Biden’s Veto Puts Radical Agenda Over Retirement Accounts: GOP Furious

Joe Biden has made his first veto since he came to power more than two years ago, showing his true liberal colors by killing a bipartisan resolution. The resolution would have reversed the Department of Labor’s final rule of pushing woke Environmental, Social, and Governance (ESG) priorities over profitability for Americans’ retirement accounts.

Despite Democrat lawmakers agreeing and voting to reverse the rule, Biden himself chose to veto it, claiming that the rule permits retirement plan fiduciaries to make well-informed investment decisions that guarantee maximum financial returns for retirees.

President Biden conveniently overlooked the fact that Democrat lawmakers voted to comprehensively overrule the Labor Department’s rule in his bid to justify the veto effectively. Instead, he directed his attack towards “MAGA House Republicans” and Representative Marjorie Taylor Greene (R-GA), claiming that they were the sole players behind the resolution. However, the representative was one of the bipartisan House members who voted and passed the resolution, and the Senate controlled by his party also supported it.

Biden’s statements were highly misleading, as his reason for vetoing the resolution was a blatant disregard for climate change risk factors and poor corporate governance that could impact investment returns. The resolution would have allowed retirement plan fiduciaries to consider every factor that maximizes financial returns for retirees, but the President argued that the resolution was controversial, lacking the facts to back up his statement.

Republicans highly criticized President Biden for promoting ESG values in Americans’ retirement accounts, calling it a “middle finger to middle-class Americans.” The GOP’s disapproval continued after the President’s veto, precisely because he is prioritizing his radical policy agenda over the economic, energy, and national security needs of the country. Even Democrat Senator Joe Manchin criticized the White House, referring to the Biden administration’s campaign to push its radical social and environmental agenda as “infuriating.” He further noted that this is only making the challenges facing the country worse.

Clearly, Biden is not committed to prioritizing the best interests of the American people, and his veto is a significant step towards promoting his radical agenda, which is detrimental to the economy, energy, and national security. It is only a matter of time before the Americans see the adverse effects of his decisions.

Written by Staff Reports

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