What’s Happening:
Sen. Joe Manchin might be a fair-weathered friend to Republicans. But at least, once and a while, he does the right thing. He opposed some of the left’s most shocking moves in recent years. Including, refusing to end the filibuster so Democrats could hijack our elections and push insane spending.
Manchin even said running for president in 2024 wasn’t “off the table.” And now, it looks like he’s defying Joe and the Democrats yet again. Biden is poised to hatch a scheme that will destroy your investments and retirement savings. That’s right, he’s after that too. But Manchin joined with Senate Republicans to shut old Joe down.
From Fox News:
Every Republican senator and Democrat Joe Manchin are introducing legislation that they hope will terminate the Biden administration’s new environment, social and governance (ESG) rule, which they say “politicizes” the retirement savings for 152 million Americans…
“President Biden is jeopardizing retirement savings for millions of Americans for a political agenda,” Braun told Fox News Digital.
Joe Biden is pushing ESG onto Americans’ investment and retirement accounts. Oh, don’t know what ESG is? Buckle up. ESG or “environmental, social, and governance,” is the left’s attempt at making investments leftist.
Big banks have been infiltrated by socialists to force them to dump billions of dollars into far-left investments. Instead of investing money in good places, you know, where there is a return, banks have been losing billions by investing in “green” and other social causes.
And now, Biden is trying to force your retirement planner to put your hard-earned funds into investments that will tank. All so the left can virtue signal a little bit more.
It’s hard to not think that this is the left’s attempt at destroying the backbone of the American economy: investments. Socialists, after all, hate capitalism. So, why not destroy it? ESG investments erode confidence in our markets and ensure billions are lost on bad investments.
Meanwhile, the companies that receive these investments pocket that cash. You? Not so much.
So, Sen. Joe Manchin is the only Democrat who joined with Republicans to push a bill to stop this rule. It has a good chance at passing the House, where Republicans have the majority. But Manchin will have to convince some of his liberal colleagues to support it, if it has a chance at passing in the Senate.
Even then, crazy old Joe will try to veto it. Don’t be surprised if this is taken to court.
Key Takeaways:
- Joe Manchin joined with Republicans to oppose Biden’s latest woke scheme.
- Biden is forcing retirement accounts to invest in ESG programs, which could destroy millions of Americans’ retirements.
Source: Fox News
