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Biden signs first VETO of his presidency
by blocking Republican crackdown on ESG
in 401Ks: Claims 'MAGA' House wing is
putting retirement savings 'at risk' by
getting rid of social and environmental factors

Original Article

Posted By: Imright, 3/20/2023 3:13:01 PM

President Joe Biden issued the first veto of his presidency on Monday – stopping a Republican-led bill that would overturn his administration's rule letting retirement account planners take 'environmental, social and governance,' referred to ESG factors into account. Because climate change, social impacts and ongoing lawsuits have significant financial repercussions, administration officials argue that the investment limits are courting possible disaster. Republicans in Congress who pushed to overturn the Labor Department's actions say ESG investments provide sizable funding to 'woke' political agendas, such as a drive against climate change, rather than on earning the best returns for savers.

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Reply 1 - Posted by: Blackbird 3/20/2023 3:23:20 PM (No. 1429622)
You can always count on BiteMe to do whatever is worse for Americans. FJB
32 people like this.

Reply 2 - Posted by: planetgeo 3/20/2023 3:33:22 PM (No. 1429630)
Ask Joe how all those ESG investments worked out for SVB.
26 people like this.

Reply 3 - Posted by: ms1234 3/20/2023 3:38:38 PM (No. 1429634)
Oh come on now, Biden doesn't have a clue what he's signing. "They" tell him what and where to sign and he does it. That's all he's good for. An Audio-Animatronic character of Biden would work just as well.
27 people like this.

Reply 4 - Posted by: cheeflo 3/20/2023 4:06:46 PM (No. 1429655)
Yeah, that worked out well for SVB, Signature, and Credit Suisse, didn’t it?
18 people like this.

Reply 5 - Posted by: Sanchin 3/20/2023 4:08:48 PM (No. 1429656)
Once again the Democrats taking advantage of the ill-informed (the primary characteristic of their base). YOU can self direct your contributions in your retirement plan (if it is a decent plan it will have available funds that are not ESG centered, if it does not remove every 6 months your contributions and put into an IRA that does). Most people do not pay attention the what funds are in their 401k or IRAs and it is these people who will be donating their contributions to the ESG scam artists.
10 people like this.

Reply 6 - Posted by: kono 3/20/2023 4:38:15 PM (No. 1429664)
Gaslighting weasels. Putting socio-political considerations ahead of financial ones is what puts income from investments at risk. Their sacred ESG is a cover for Leftist welfare mentality, not capital profitability. In this grand BS parade, the Daily Whale is teaming up with American Pravda to commit an allied assault on reason and truth.
5 people like this.

Reply 7 - Posted by: BarryNo 3/20/2023 4:43:59 PM (No. 1429670)
Very publically make the Democrats own this or help override his veto.
13 people like this.

Reply 8 - Posted by: DVC 3/20/2023 8:25:20 PM (No. 1429777)
Let your 401K go woke and your retirement will go broke. As usual, the truth is precisely the opposite of what Traitor Joe says it is.
2 people like this.

Reply 9 - Posted by: Nimby 3/20/2023 8:45:52 PM (No. 1429793)
Ready for those redacted pages
1 person likes this.

Reply 10 - Posted by: ChattyCatsSusan 3/20/2023 10:03:17 PM (No. 1429832)
No, you are putting the retirement accounts of Americans at risk with your ridiculous garbage ideas.
3 people like this.

Reply 11 - Posted by: mifla 3/21/2023 4:32:21 AM (No. 1429900)
Ah Joe, the Senate is run by Democrats. You vetoed them as well.
0 people like this.

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