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First veto I want their names
Who are the people controlling President Biden? I want their names! It is obvious Biden is not in control of himself let alone our government's executive branch. We are being led by greedy unelected bureaucrats.
The Labor department changed their rules to allow environmental, social, and corporate governance (ESG) to be used in retirement plans. Why should you care, you may ask? This Labor Department's ruling would allow the managers of pension and retirement funds to put your money into risky green energy stock.
Currently and in the past retirement investment managers were restricted to safe investments with your retirement dollars. To protect you a bipartisan bill passed Congress on ESG to stop this Biden Labor Department madness. Now President Biden used his first veto on it. See the Sentinel March 29th issue.
The Sentinel article does outline the potential benefits of allowing ESG to be used in stocks. They don't outweigh the potential failures. Investing is a gamble and this rule change overall lowers the odds of higher returns.
At a time when every working person is worried about how to prepare for retirement, questioning if Social Security will be there for them, debating if the stock market is a better investment than defined pension plans, Joe Biden is going to throw American workers under the bus! For what? More green energy money.
Financial managers are now required to make safe sound investment decisions for retirement accounts, and it should stay that way!
Who is making the veto decision? We have already been nailed to the tanning board, via inflation. Now Biden wants to scrap our hides for all he can get! This will be at our expense and his cronies profits!
Don't talk to me about taxing the rich when you have Democrats fleecing the working man to feather their own beds. More hypocrisy!
Michael C. Spahr