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Joe Biden did not have a good day.
Senate Democrats betrayed him and passed a piece of legislation that is going to force Biden to pull out his veto pen.
The rule that was just repealed by Congress was Biden’s ESG investment rule.
This rule more or less forced investments into renewables.
Time for a Veto
Biden has yet to veto a piece of legislation.
He has always touted himself as being able to work with a bipartisan legislature, and this legislation passed in bipartisan manner.
Even so, Biden will veto it.
Senator Mike Braun (R-IN) stated, “President Biden wants to sacrifice seniors’ retirement savings to fund his political agenda.
“Both the Senate and the House have now sent powerful, bipartisan rebukes of the Biden ESG agenda. I’m proud to stand up for Americans’ retirement savings to stop this harmful rule.”
Senator Bill Cassidy (R-LA) added, “And there’s a certain irony here, since [the Biden administration] always billed themselves as actually caring about the person who’s struggling.
“People are going to struggle more because of this rule.
“This weaponizes their retirement accounts against both their future, but also their present.”
The White House put a different spin on it, stating, “The President will continue to deliver for America’s workers.
“If the President were presented with H.J. Res. 30, he would veto it.
“The rule reflects what successful marketplace investors already know — there is an extensive body of evidence that environmental, social, and governance factors can have material impacts on certain markets, industries, and companies.”
The only people that benefit from this are the lobbyists and everyone knows it.
Source: Fox News
