With Republicans back in the House majority, Democrats are fighting an uphill battle to pass the rest of their radical agenda before 2024.
They know that with a razor thin Senate majority they don’t have much margin for error.
And Joe Biden flipped his lid after this Democrat Senator had a massive change of heart.
For decades, Americans have invested their hard-earned money – often, their life savings – with financial advisors, retirement planners, hedge funds, and other financial institutions with legally mandated fiduciary responsibilities.
That meant financial advisors were required by law to always manage and invest their clients’ money with the sole intention of making – or at least, not losing – their clients’ money.
Now, Democrats have been working overtime to force their radical Environmental, Social, and Governance (ESG) rules onto the investment industry, forcing all those who manage Americans investments to not focus on making their clients money, but rather on how to use their clients money to advance left-wing social causes, like climate change and racial equity.
But with House Republicans now occupying the majority, there has been a glimmer of hope that they could roll back the Left’s radical ESG rules – if they get a helping hand from just a couple of Democrat Senators, that is.
Fortunately, in a rather shocking move, Senator Joe Manchin (D-WV) has announced that he will join the 49 Republicans in the U.S. Senate in supporting a resolution put forward by Senator Mike Braun (R-IN) to scrap ESG rules for 401(k) investments.
In fact, Senator Manchin even went a step further and outright called Democrats and the Biden regime’s ESG push “irresponsible.”
“At a time when our country is already facing economic uncertainty, record inflation and increasing energy costs, it is irresponsible of the Biden Administration to jeopardize retirement savings for more than 150 million Americans for purely political purposes,” Manchin stated.
“I’m proud to join this bipartisan resolution to prevent the proposed ESG rule from endangering retirement incomes and protect the hard-earned savings of American families,” he continued. “I encourage my colleagues on both sides of the aisle to support this important resolution to ensure Congress is promoting economic security for West Virginians and Americans, not further exacerbating the serious economic challenges they are already facing.”
Should Senate Republicans be able to attract just one more Democrat or Independent – Senate Krysten Sinema (I-AZ) might as well put her newfound independence to use eventually – they could send the resolution to the Republican-led House to roll back ESG rules on working class Americans’ 401(k)s to ensure Democrats don’t bankrupt more Americans than they already have.
As Senator Braun recently explained, President Joe Biden and Democrats’ push for ESG regulations is nothing more than an attempt to weaponize working class Americans’ retirement accounts to advance the radical Left’s Marxist agenda.
“President Biden is jeopardizing retirement savings for millions of Americans for a political agenda,” Braun told Fox News.
“In a time when Americans’ 401(k)s have already taken such a hit due to market downturns and record high inflation, the last thing we should do is encourage fiduciaries to make decisions with a lower rate of return for purely ideological reasons,” he continued. “That’s why we are proud to stand up against this rule for the millions of Americans who depend on these funds for their retirement.”
When Democrat Senators are defecting from the Biden regime and Democrats’ radical left-wing agenda, it’s rather clear that the Left has completely jumped the shark.
But Democrats have fully committed to forcing their radical environmental agenda on the American people before the technology is fully developed, even if it destroys civilization.
And pillaging Americans’ retirement accounts is just the next step in Democrats’ radical environmental agenda.
Political Animal News will keep you up-to-date on any new developments in this ongoing story.