Political Quotes

“Today the House can repeal a policy from the Department of Labor that harms Americans who simply want to save for retirement. This new rule from the Biden administration says that investment decisions in employer-sponsored retirement plans can be based on climate change and other environmental, social, or governance factors. So typically without the knowledge of the retirees, their investment funds can be invested in underperforming investments that subsidize unreliable and unaffordable energy. Congress never originally intended for 401Ks to be used to advance the priorities of the phony climate movement or to push a social justice agenda. They were simply intended to help people to have the resources they need in retirement. If ESG-based stocks are higher performing, they would get those investment dollars anyway without this new rule. But Americans inherently know that investing should be about evaluating risk and return from a financial point of view. Hardworking Americans want to know their investments have strong economic fundamentals that will help them build wealth over a lifetime of work. If Congress is successful in overturning this rule, the investing standard will return to one based on financial factors only. It is bad enough that Bidenflation has eroded the spending power of many retirement savings accounts. Matter of fact, the average retirement account is down 30 percent over the last 2 years.…”