Biden's first Veto, ESG for you

[rickt300]

BREAKING: President Biden Issues First Veto, Puts Woke Wall Street Above Workers - DC Enquirer

On Monday, President Joe Biden issued the first veto of his presidency, striking down a law sent to his desk that would have reversed a rule from the Labor

dcenquirer.com

On Monday, President Joe Biden issued the first veto of his presidency, striking down a law sent to his desk that would have reversed a rule from the Labor Department that focused on environmental, social, and governance (ESG) investing.


“I just vetoed my first bill,” Biden said in a post to Twitter. “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

What Is Environmental, Social, and Governance (ESG) Investing?

Environmental, social, and governance (ESG) investing refers to a set of standards that socially conscious investors use to screen investments.

www.investopedia.com

• Environmental, social, and governance (ESG) investing is used to screen investments based on corporate policies and to encourage companies to act responsibly.
• Many mutual funds, brokerage firms, and roboadvisors now offer investment products that employ ESG principles.
• ESG investing can also help portfolios avoid holding companies engaged in risky or unethical practices are held accountable.
• The rapid growth of ESG investment funds in recent years has led to claims that companies have been insincere or misleading in touting their ESG accomplishments.

 

[rickt300]

More than two years into his administration, President Joe Biden used his veto power for the first time on Monday, killing a bipartisan resolution that would have reversed a final rule from the Department of Labor that pushes woke ESG standards as a priority over profitability for Americans' retirement accounts.




In a statement, President Biden sought to justify his veto by claiming that the final rule "allows retirement plan fiduciaries to make fully informed investment decisions" while "ensuring that investment decisions made...maximize financial returns for retirees."

'Absolutely Infuriating': Biden Slammed for Using First Veto to Kill Anti-ESG Resolution

townhall.com

 

[Havok1]

ESG always has and always will underperform. What’s unfortunate though is that he tries to blame “MAGA republicans” for harming peoples investments when the goal here is to no longer prioritize what’s best for investors. Sadly, most people do not know anything about how their money is invested.

 

[striker55]

I find it hard to believe he could have a rational thought on anything.

 

[motorcarman]

I guess he likes it that ESG banks are failing?

 

[jrbfishn]

Of course he does. It furthers the agenda. Any failure of the financial system gives them the opportunity to further the "new and improved" financial agenda.

Sent from my SM-S906U using Tapatalk

 

[oldag]

ESG always has and always will underperform. What’s unfortunate though is that he tries to blame “MAGA republicans” for harming peoples investments when the goal here is to no longer prioritize what’s best for investors. Sadly, most people do not know anything about how their money is invested.

Several different studies have shown that the ESG funds underperform for the most part.

 

[bbbass]

Wait!!!

I've been told that ESG is just another right-wing nutjob conspiracy theory!

Or was that WEF global goals?

Or was it DEI scores?

Or Biden laptop; or Covid origin; or open border? Shoot I can't keep them straight anymore!!

 

[Vaquero]

**** joe biden

 

[motorcarman]

I was just getting my TRUMP INDICTMENT OUTRAGE decorations in order when this announcement was news?

 

[kbaxter60]

**** joe biden

Brother. you are Not alone.

 

[Texan79423]

Just one more step for the New World Order. They have to complete the sell off before 2024.

 

[mroper]

Schwab now presents the ESG score on its stock evaluating tool. I would prefer the ones that have C's I should see if I can filter by that.

 

[Tnhawk]

Just one more step for the New World Order. They have to complete the sell off before 2024. View attachment 378845

biden, and obama before him,are both just following the orders passed to them from soros.

 

[kbaxter60]

Wait!!!

I've been told that ESG is just another right-wing nutjob conspiracy theory!

Or was that WEF global goals?

Or was it DEI scores?

Or Biden laptop; or Covid origin; or open border? Shoot I can't keep them straight anymore!!

That was old, but maybe this will help. I wonder if we'll see some legislation that would add transparency so we can see our scores and will know how much each gun purchase lowers them?

Did You Know That You Have an ESG Score and it Can Be Used Against You?

hotair.com

 

[popper]

Already withdrew all funds from retirement account. I invest where I get a good return.