Here’s Some Stupid To Start Your Day

Demonstrators protest the proposed 700 billion USD Wall Street bail-out in front of the New Yoprk Stock Exchange in the Financial District in New York on September 25, 2008. In response to the global financial crisis, protesters, from a variety of activist groups, denounced the capitalist system, Wall Street and the administration of US President George W, Bush. AFP PHOTO/Nicholas ROBERTS (Photo credit should read NICHOLAS ROBERTS/AFP/Getty Images)

If you live long enough you will see everything, but I never thought I’d see Republicans split from Wall Street, you know without a crowbar.

The House voted 216 to 204 to repeal a Dept. of Labor rule that allows retirement funds to consider climate and other factors when making investment decisions. Republicans say they are battling woke capitalism, and this drags Wall Street into the GOP’s culture wars. And when you think about this rule change for even a second, Republicans are telling the Invisible Hand to piss-off: you are not allowed to think about long-term climate effects when making investment decisions. It’s kind of stunning, really.

Anyway, it got to the Senate and you’ll never guess which coal state Democrats signed on?

Sen. Jon Tester of Montana, a Democrat who is facing a tough 2024 election campaign, ensured passage of the rollback by announcing his support before the Wednesday afternoon vote. Sen. Joe Manchin of West Virginia, another Democrat facing reelection next year, also backed the effort.

Anyway, President Handsome Joe Biden says that he will veto this attempt to override this rule. It is his first veto, they grow up so fast.

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3 Responses to Here’s Some Stupid To Start Your Day

  1. Aaaand we check off another box in the March to Fascism.

    Come ON, Jon, you know better than this!

    Liked by 2 people

  2. annieasksyou says:

    It’s always one step forward, two steps back. The Biden administration’s plans to make sure semi-conductor mfrs who want a piece of that nice new big pot are fair to workers & the climate, and aren’t so free with their buybacks, will generate the latest charge of “communists!”…to be sure.

    Liked by 1 person

  3. gruaud says:

    So if I understand this correctly: Manchin, Tester, and the Fascists are opposing the mere possibility for investment managers to consider environmental factors when making decisions. That ‘woke’ is so bad that it must not even be thought about, let alone discussed as an option.

    Their ideology is so moribund that they have to control even what people think. I would imagine that signed affidavits attesting to one’s anti-wokeness would become a thing before the next election, no?

    Liked by 3 people

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