Manchin calls Biden administration priorities 'absolutely infuriating' after ESG veto
Source: The Hill
Sen. Joe Manchin (D-W.Va.) teed off on President Bidens decision earlier on Monday to veto a bill that would have nixed a Labor Department rule on environmental, social and governance (ESG) investing.
Manchin, who was one of two Senate Democrats to vote with Republicans to overturn the rule on March 1, called Bidens decision absolutely infuriating in a statement and panned the administration for putting its radical and progressive agenda ahead of the countrys needs.
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, said Manchin, who is up for reelection next year. 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 Administrations 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, Manchin continued. Despite a clear and bipartisan rejection of the rule from Congress, President Biden is choosing to put his Administrations progressive agenda above the well-being of the American people.
Read more: https://thehill.com/policy/energy-environment/3908944-manchin-calls-biden-administration-priorities-absolutely-infuriating-after-esg-veto/
eShirl
(18,712 posts)Joinfortmill
(15,962 posts)CaptainTruth
(7,113 posts)LiberalFighter
(53,270 posts)bluestarone
(17,927 posts)I dislike him more and more.
JohnSJ
(95,206 posts)bluestarone
(17,927 posts)Demsrule86
(70,713 posts)CentralMass
(15,443 posts)NewHendoLib
(60,382 posts)onetexan
(13,674 posts)Botany
(72,012 posts)The man and a his family have a stake in a power plant in Grants Town, WV that burns his junk coal (GOB coal)
that is killing the planet and makes the people who live around it sick with its toxic out put. He is not a good
person.
Traildogbob
(9,722 posts)Of beautiful clean coal you useless waste of cytoplasm. Black Lung, if you are listening ..there are lungs that would welcome you, with enough cash payout.
Lonestarblue
(11,366 posts)emulatorloo
(45,498 posts)agingdem
(8,477 posts)Last edited Mon Mar 20, 2023, 06:06 PM - Edit history (1)
wielded his obstructionist power as if he was the shadow president...he would agree to a proposal one day and condemn it the next...appeasing Joe Manchin gave him power..will he or won't switch parties..heady stuff...only when he became toxic did he attempt to redeem himself...Manchin wants desperately to be president, positioning himself as a pseudo centrist, Mr. Bipartisan...however, Manchin has become somewhat irrelevant of late, no longer courted and consulted and his immense ego can't handle it...and there's a good possibility he may lose his seat to a Republican challenger so he must prove he is anti-Biden to get re-elected if he chooses to run..
ancianita
(37,879 posts)bucolic_frolic
(46,159 posts)He just doesn't get it. The world is changing under their feet and they have no idea.
DENVERPOPS
(9,750 posts)They are the Epitome of DINO's...........
Just like Republicans, they can only think of themselves and their lives..........
They and none of the Republicans must have kids or grandkids. Or maybe it is just that they don't care about even their kids and grandkids and care only about themselves??????????
What puny people..........
ShazzieB
(18,209 posts)According to his Senate bio, Manchin has 3 children and 10 (!) grandchildren:
https://www.manchin.senate.gov/about
So either he doesn't care, or he's so deep in denial about climate change that leaving them a big pile of money is his only concern.
DENVERPOPS
(9,750 posts)I guess the old adage is still true today: Follow the Money.........
MayReasonRule
(1,554 posts)My 2¢'s...
JohnSJ
(95,206 posts)Cha
(303,598 posts)Fiendish Thingy
(17,634 posts)Youre leaving the senate in January 2025.
Fortunately, we will have two new progressive senators from CA and AZ to celebrate!
Demsrule86
(70,713 posts)reelection.
Fiendish Thingy
(17,634 posts)He barely got re-elected last time.
I look forward to our awesome new senators from AZ and CA!
Escurumbele
(3,558 posts)Read between the lines.
Evolve Dammit
(18,180 posts)LymphocyteLover
(6,366 posts)because otherwise, what an asshole...
"environmental, social and governance (ESG) investing"-- OMG can you imagine!! The horror!
Dustlawyer
(10,513 posts)machoneman
(4,120 posts)This show that they are scared, no, terrified of the the longer term implications.
I'll bet the oil/gas industry has already researched that a.) their share prices will drop b.) ESG will grow by leaps and bounds unless contained now and c.) said ESG leaning firms will reap the benefits with ever increasing share prices, all at the expense of the anti's.
Paladin
(28,656 posts)That'll probably happen around the same time Tucker Carlson says something truthful.
llashram
(6,269 posts)I thought this guy was a Democrat?!!!??
TeamProg
(6,630 posts)louis-t
(23,513 posts)manages to weasel their way back into power, then you can worry about someone else's 'priorities'. For now, you know nothing about what will "weaken" this country. Your orange god did a pretty good job of ignoring the country's needs for 4 years.
Lasher
(28,156 posts)Three Democrats joined Republicans. Two in the Senate and one in the House. A total of three. If that's bipartisan it's not by much.
Polybius
(17,087 posts)Now I'm curious.
BumRushDaShow
(139,125 posts)and the House member was Jared Golden (ME-2).
Biden has officially blocked an anti-ESG resolution pushed by the GOP.
By Li Zhouli@vox.com Mar 20, 2023, 1:35pm EDT
President Joe Biden has officially issued his first veto, blocking a Republican effort to stop retirement fund managers from considering environmental and social concerns or ESG in their investments. There is extensive evidence showing that environmental, social, and governance factors can have a material impact on markets, industries, and businesses, Biden wrote in a message to the House accompanying his decision.
The veto was inevitable, but changing the rule was never Republicans main goal. Instead, they sought to frame this specific approach to investing and the administrations support of it as woke, in an attempt to make it the centerpiece of their latest culture war.
(snip)
Below is a list of the issues that Republicans have targeted in this way and where they stand:
ESG rule: Both the House and the Senate have passed a resolution rolling back the Labor Department rule that allows investors overseeing retirement funds to consider ESG factors. One House Democrat Rep. Jared Golden (D-ME) and two Senate Democrats Sens. Jon Tester (D-MT) and Joe Manchin (D-WV), both of whom represent battleground states joined Republicans in supporting the resolution, which Biden is now expected to veto.
(snip)
https://www.vox.com/politics/2023/3/20/23643243/joe-biden-veto-esg-republicans-woke-capitalism
Response to Polybius (Reply #26)
Lasher This message was self-deleted by its author.
turbinetree
(25,145 posts)environmental.....is everything around us the main item in the word is air, water to survive and if they are corrupted well we die...
Social......see above........ everything is social and I mean social......
governance .....see above if we have no social or environmental we have nothing.....what an idiot....
Marcuse
(7,931 posts)sakabatou
(42,805 posts)paleotn
(18,881 posts)Maybe he should do us all a favor and stop.
Cheezoholic
(2,541 posts)into the 2024 presidential ring, especially as an Indy.
PurgedVoter
(2,345 posts)Munchkin is one of the reasons we can't have nice things.
TNNurse
(7,076 posts)Protecting the environment, creating jobs, so many awful things.
Manchin declared himself an old-style southern democrat....you know the wealthy, racist, asshole kind.
onecaliberal
(35,262 posts)GreenWave
(8,688 posts)slightlv
(3,882 posts)All this rule does is allow everything to be considered when it comes to portfolios, correct? Or am I missing something?
Butterflylady
(3,884 posts)Tough titties.
AZLD4Candidate
(6,156 posts)about this narcissistic, ego driven, DINO gadfly?
Roisin Ni Fiachra
(2,574 posts)The Unmitigated Gall
(4,347 posts)flamingdem
(39,803 posts)Manchin is toast. According to an interview he even thinks he can run for POTUS, lol.
newdayneeded
(2,410 posts)ridicule Biden over everything! Always spinning Biden's words and reasons and .......What's that? Manchin's a democrat?