What’s Happening:
If Joe Biden has his way, every last scrap of American society would become “woke.” The schools are woke. Movies are woke. Even fast food restaurants are becoming woke. But Biden is causing the most damage in the banking sector, which he is trying to force into investing in woke causes.
Biden’s scheme will force investors to dump trillions of U.S. dollars into woke investments that are sure to fail. Biden is trying to get your banks to bankroll the radical left. It’s what is commonly called “ESG.” But Gov. Ron DeSantis is leading the fight to stop this tyranny. And he got 18 other states to join him.
From Daily Wire:
Republican Florida Gov. Ron DeSantis launched a new initiative with 18 other states on Thursday to fight back against President Joe Biden’s woke environmental, social, corporate governance (ESG) agenda…
A press release from the governor’s office said that ESG was “destabilizing the American economy and the global financial system.” The effort comes after Congress passed legislation to keep politics out of the retirement funds of American citizens, an effort that Biden opposed.
Florida is joining with Alabama, Alaska, Arkansas, Georgia, Idaho, Iowa, Mississippi, Missouri, Montana, Nebraska, New Hampshire, North Dakota, Oklahoma, South Dakota, Tennessee, Utah, West Virginia, and Wyoming to oppose Biden’s scheme.
Gov. DeSantis is leading a fight to stop Biden’s White House from forcing banks to invest your money in woke investments that are sure to fail. This ESG scheme is an attempt by the left to turn even banking into a socialist breeding ground.
Biden is trying to force companies that manage your 401Ks and other retirement accounts to skip over investing in good companies. Instead, he wants them to throw your money at only companies that prioritize woke ideas like “environmental, social, corporate governance.”
Does that sound like a good investment strategy? Every piece of advice you get from investors involves looking at companies that are going to make money over time. Not companies that parrot leftist talking points.
But if Biden gets his way, the only companies seeing significant investments are the ones spouting the “right” kind of politics. It is a sneaky form of purity test, that will coerce companies into going woke, just to keep investors.
And it is grossly un-American. Perhaps even illegal. DeSantis and these other states plan to oppose this scheme, fighting legal battles and passing laws that prevent ESG from poisoning their banks. If you don’t live in one of these states, ESG might already be corrupting your investments.
You better have a talk with your broker.
Key Takeaways:
- Ron DeSantis is leading 19 states to oppose Biden’s ESG scheme.
- Biden is trying to force banks into investing in only “woke” companies, putting investments at risk.
- These 19 states will oppose Biden’s scheme, through lawsuits and legislation.
Source: Daily Wire
