On Monday, Senator Joe Manchin (D-WV) blasted President Joe Biden for his veto of a bipartisan, bicameral piece of legislation that made it to the Resolute desk.
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.
“This Administration continues to prioritize their radical policy agenda over the economic, energy, and national security needs of our country, and it is absolutely infuriating,” Manchin said in a statement. “West Virginians are under increasing stress as we continue to recover from a once-in-a-generation pandemic, pay the bills amid record inflation, and face the largest land war in Europe since World War II.”
“The Administration’s unrelenting campaign to advance a radical social and environmental agenda is only exacerbating these challenges,” he continued. “This ESG rule will weaken our energy, national and economic security while jeopardizing the hard-earned retirement savings of 150 million West Virginians and Americans.”
“Despite a clear and bipartisan rejection of the rule from Congress, President Biden is choosing to put his Administration’s progressive agenda above the well-being of the American people,” the West Virginia Democrat added.
According to The Hill, the Biden administration issued a rule that allowed money managers to take into account ESG factors when investing their clients’ money. The rule change went against a policy set by President Trump that banned such practices.
BREAKING: PRESIDENT BIDEN ISSUES FIRST VETO, PUTS WOKE WALL STREET ABOVE WORKERS
The Republican-controlled House passed the bill and the Senate did the same with a vote of 50 to 46 with Sens. Joe Manchin (D-WV) and Sen. Jon Tester (D-MT) joining Republicans in opposition to the new ESG rule. Both of those Democrats have difficult reelection campaigns in 2024.
In response to the news, Speaker of the House Kevin McCarthy (R-CA) wrote, “In his first veto, Biden just sided with woke Wall Street over workers. Tells you exactly where his priorities lie. Now—despite a bipartisan vote to block his ESG agenda—it’s clear Biden wants Wall Street to use your retirement savings to fund his far-left political causes.”
“No one has put our retirement at risk more than you, Joe,” wrote Rep. Marjorie Taylor Greene (R-GA) in response to Biden’s direct attack. “American families can’t count on checks from China to pay their rent and groceries like your family does.”
Now that President Biden has vetoed the legislation, it is unlikely to make it past the veto-proof majority, two-thirds, needed to override a presidential veto.
Once again President Biden shows that he is willing to prioritize left-wing politics over the well-being of Americans.
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