Biden SELLS OUT Retired Americans… This is HORRIBLE!

Joe Biden has finally pulled out his veto pen.

He used it to shoot down bipartisan legislation that would have protected retirement investment accounts.

Now, Americans are going to pay the price by forcing investment into the renewable energy sector, among other Democrat interests.

The ESG Rule

The new rule that was introduced by Biden would require investment companies to target certain markets, including renewable energy.

This is not exactly a profitable industry right now, so this could be devasting for people who have retired or are getting ready to retire.

Biden stated, “I just vetoed my first bill. This bill would risk your retirement savings by making it illegal to consider risk factors MAGA House Republicans don’t like.

“Your plan manager should be able to protect your hard-earned savings — whether Rep. Marjorie Taylor Greene likes it or not.”

Rep. Andy Barr (R-KY), who wrote the legislation, stated, “President Biden’s first veto is on a bipartisan, bicameral measure that I championed through Congress to protect retail investors. Instead of siding with Americans—who are increasingly unable to afford retirement—Biden’s veto puts the climate activists and special interest groups he is beholden to ahead of middle-class American investors.

“It’s a shame, and it further reflects his priorities and who he really represents in office.”

Senator Mike Braun (R-IN) added, “Today President Biden used his first veto to reject bipartisan consensus in the House and Senate that Americans’ retirement savings should be invested to get the best return, not to support woke nonsense.

“Good luck explaining this one.”

Biden’s rule should be impacting retirement accounts just in time to have a huge impact in the 2024 election.

Source: Fox News