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 ...
I found it. The Senate voted 50-46 to block the ESG rule, with two Democrats, Sens. Joe Manchin (W.Va.) and Jon Tester (Mont.), joining Republicans in opposing the Biden administration policy. I knew Manchin was one of them, but I also thought Sinema and Kelly were, as well. Turns out it was Tester.
“Thanks for the info. And Chucky Schumer knew that Biden would veto it, so he did not care that it passed.”
Exactly.
They do want people to doublethink, though.
The public sector unions are the anchors that hold the Deep State firmly in place.
Harris Faulkner covered this just a bit ago with Senator Marsha Blackburn - should get some mileage...let’s hope Biden can be taken to the woodshed over such a move! Let’s see the faces of those who are giving directions to him!!! Unelected people! Come out of the shadows - show your faces! We know your names but we just want to be sure!!!
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.