As if the most recent Silicon Valley Bank bailout weren’t bad enough, the White House has apparently decided it’s a great idea for Biden’s first official veto to focus on decimating Americans’ savings.
More accurately, the Green Deal-obsessed Biden has vetoed a bill that would have made it possible for major institutions to not have to adhere to absurd ESG standards, otherwise known as woke investing.
The type of investing that drove Silicon Valley Bank into the ground, in other words.
Astonishingly, Biden came up with the worst excuse ever for vetoing – “MAGA Republicans.”
“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 bragged on Twitter.
Wow, what a great “justification.”
And if the “plan managers” are anything like the woke Democrat donors who contribute to Silicon Valley Bank, it is not at all surprising that the government will veto bills that give them an excuse to “bail out” (i.e., nationalize) the banking system.
Alongside virtually all Republicans, several Democrats were rather unimpressed by Biden’s absurdity.
Senator Joe Manchin issued a searing statement, wherein he shredded the White House’s obsession with kowtowing to environmental zealots while simultaneously destroying the national economy.
“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 remarked.
Seriously. More than one element of the Biden administration has been “absolutely infuriating.”
“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,” Manchin continued, “the Administration’s unrelenting campaign to advance a radical social and environmental agenda is only exacerbating these challenges.”
It’s rather refreshing to see a senator who actually refers to their constituents, as that appears to be a lost art amongst many political elites.
Furthermore, the reference to the White House’s “unrelenting campaign” underpins precisely why the White House has become incredibly dangerous under Biden’s (handlers’) deranged, woke-driven rule.
“This ESG rule will weaken our energy, national and economic security while jeopardizing the hard-earned retirement savings of 150 million West Virginians and Americans. Despite a clear and bipartisan rejection of the rule from Congress, President Biden is choosing to put his Administration’s progressive agenda above the well-being of the American people,” Manchin added.
That would be due to Antifa, BLM, and others brazenly espousing a progressive agenda that leaves everyone poor, aside from the political elites that have effectively hijacked the United States and all the freedoms the nation has long embodied.
Precisely what varied foreign adversaries had in mind when investing in “the Big Guy.”
Author: Ofelia Thornton