U.S. President Joe Biden is currently facing severe criticism from a Senate Democrat from West Virginia, Joe Manchin, following his decision to decline a nonpartisan bill to stop the Biden administration from executing a law regarding the use of Environmental, Social, and Corporate Governance (ESG) financial investments for the retirement accounts.
This Monday, right after Biden gave his first rule-out of his tenure, Democratic Senator Joe Manchin slammed him for his judgment and accused him of placing a “radical policy agenda” on top priority before the economic urges of Americans.
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Manchin issued a statement:
“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.”
Two Democratic Senators from West Virginia and Montana, Joe Manchin and Jon Tester were the only ones who joined forces with Republicans just to reverse the Labor Department law on ESG investing.
Munchin stated that Biden’s refusal came as locals in Montana are “under increasing stress as we continue to recover” from the COVID-19 global mayhem.
“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.”
“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.”
He added further:
“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.”