Posted on 03/20/2023 3:23:42 PM PDT by Olog-hai
President Joe Biden issued the first veto of his presidency Monday in an early sign of shifting White House relations with the new Congress since Republicans took control of the House in January — a move that serves as a prelude to bigger battles with GOP lawmakers on government spending and the nation’s debt limit.
Biden sought to kill a Republican-authored measure that would ban the government from considering environmental impacts or potential lawsuits when making investment decisions for people’s retirement plans. In a video released by the White House, Biden said he vetoed the measure because it “put at risk the retirement savings of individuals across the country.”
His first veto represents a more confrontational approach at the midway of Biden’s term in office, as he faces a GOP-controlled House that is eager to undo parts of his policy legacy and investigate his administration and his family. Complicating matters for Biden, several Democratic senators are up for re-election next year in conservative states, giving them political incentive to put some distance between them and the White House.
But critics say so-called environmental, social and governance investments allocate money based on political agendas, such as a drive against climate change, rather than on earning the best returns for savers. Republicans in Congress who pushed the measure said environmental or social considerations in investments by the government are just another example of being “woke.”
“In his first veto, Biden just sided with woke Wall Street over workers,” House Speaker Kevin McCarthy, R-Calif., tweeted on Monday. “Tells you exactly where his priorities lie.” He said “it’s clear Biden wants Wall Street to use your retirement savings to fund his far-left political causes.” …
(Excerpt) Read more at apnews.com ...
That still doesn’t explain how Chuck Schumer ever let it get out of the Senate and onto Biden’s desk.
Good. Smaller more focused bills and lots of them. None of this omnibus garbage. Get the issues and where all stand on them defined.
What has that got to do with this?
“That still doesn’t explain how Chuck Schumer ever let it get out of the Senate and onto Biden’s desk.”
It only takes a simple majority in the Senate. Fetterman was out and in the hospital, and Manchin voted for it, as did — I think — Sinema (who is now an independent). I think Mark Kelly also voted for it.
Never fear, we will bail the public sector unions out when their Investments go tits up. T’was ever thus.
One if the biggest of the many crimes by the government was allowing public employees to unionize. Even the far-left FDR said it was a stupid idea that was probably unconstitutional.
Allowing public employees to unionize basically held the rest of America hostage to public employees.
It was an EO directed at the DoL, who is in charge of ERISA. And ERISA has jurisdiction over all pension funds. Thus, this EO is ultra vires and does not only pertain to the Govt agency, it will also directly affect you if you have any kind of private retirement account. This is an illegal backdoor run around Congress. Mr. Speaker, SUE THEM.
The Senate would have had to’ve passed it too.
“If Biden’s veto means he’s taking on the GOP House … then how did this bill pass the Democrat-controlled Senate?”
Exactly. Surcharge nonsense they write.
> What has that got to do with this?
The house needs to end the omnibus bill at the end of the year nonsense and send smaller, focused bills on individual issues. This one is a nice start especially even if it got vetoed. The vetoes draw undeniable lines between the parties.
Correct. Marxists rule.
The Only tool that traditional America has left lay in the US House of Representatives will to DEFUND them.
What are the chances these will pull us up from our spinning Free Fall?
Anything less is hot air and compliance, for our collapse.
And that will stop more vetoes how?
veteran AP media pro/whore, Zeke Miller, knows not to use the factual acronym - ESG - in the headline ... nor in the text:
“But critics say so-called environmental, social and governance investments”
> And that will stop more vetoes how?
Aiming to stop the vetoes is a fools errand. This is the very first veto Biden has had to make. The aim should be to clearly define the opposing viewpoints and policies. Have him make a _lot_ of vetoes. That’s the best that can be done when only controlling one of three branches of government.
Overwhelm him, then?
Wait a minute. This must have made it past a democrat Senate.
More media propaganda. And most people don’t even stop to think.
True. But how did this pass the Senate? What was the vote in the Senate? If it did not pass in the Senate there can be no veto. If it did pass in the Senate then it was bipartisan and the writer should have written that.
The House has the purse.
I can think of large number executive entities that need reductions if not complete defunding.
“True. But how did this pass the Senate? What was the vote in the Senate? If it did not pass in the Senate there can be no veto. If it did pass in the Senate then it was bipartisan and the writer should have written that.”
It passed in the Senate. Fetterman was unavailable, and Manchin voted for it, as well as — I think — Sinema and Kelly. It was close in the Senate, but it passed. It then went to Biden.
Thanks for the info. And Chucky Schumer knew that Biden would veto it, so he did not care that it passed.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.