Last week, President Biden vetoed a bill that would protect Americans’ hard-earned savings from being used to fund radical political agendas.
The legislation would have prohibited money managers from considering environmental, social, and governance (ESG) criteria—politically driven investing—when making investment decisions.
The president’s reasoning for his veto is that prohibiting ESG criteria would “risk retirement savings” and “jeopardize the hard-earned life savings of cops, firefighters, teachers, and other workers.”
To the contrary, it’s clear that the real risk lies with ESG itself. Here’s why:
