President Biden has issued only one veto so far, and he used it to protect gigantic Wall Street firms such as Blackrock who use an approach to investing called ESG, which imports social factors into financial decision-making. 

The Trump administration had—rightfully—told pension managers that they could only use ESG in the investment process if they could make the case that such factors would likely improve the financial returns for retirees. 

That’s the standard to which pensions have historically been held. Managers have a fiduciary duty to focus on one thing: The financial good of retirees. 

When, for example, a state treasurer is making decisions about the future retirements of school teachers and firefighters, politics should be left out of it. Retirees and their widows and orphans deserve nothing less. 

The president’s veto sided with the big boys and against the little guys—and with woke politics over faithful fiscal management.

President Biden has issued only one veto so far, and he used it to protect gigantic Wall Street firms such as Blackrock who use an approach to investing called ESG, which imports social factors into financial decision-making. 
The Trump administration had—rightfully—told pension managers that they could only use ESG in the investment process if they could make the case that such factors would likely improve the financial returns for retirees. 
That’s the standard to which pensions have historically been held. Managers have a fiduciary duty to focus on one thing: The financial good of retirees. 
When, for example, a state treasurer is making decisions about the future retirements of school teachers and firefighters, politics should be left out of it. Retirees and their widows and orphans deserve nothing less. 
The president’s veto sided with the big boys and against the little guys—and with woke politics over faithful fiscal management.

The Townhall Review is a one-stop-shop for relevant news and intelligent analysis from the leading talk show hosts in the nation: Hugh Hewitt, Dennis Prager, Mike Gallagher,Sebastian Gorka, and Charlie Kirk.

The Townhall Review is a one-stop-shop for relevant news and intelligent analysis from the leading talk show hosts in the nation: <a href="http://www.hughhewitt.com" data-slimstat="5">Hugh Hewitt</a>, <a href="http://dennisprager.com" data-slimstat="5">Dennis Prager</a>, <a href="https://www.mikeonline.com" data-slimstat="5">Mike Gallagher,</a>  <a href="https://sebgorka.com" data-slimstat="5">Sebastian Gorka</a>, and <a href="https://989theanswer.com/radioshow/8875" data-slimstat="5">Charlie Kirk</a>.

Townhall Review | Conservative Commentary On Today's News

Townhall Review is today’s top conservative weekend radio show. Townhall Review brings together political commentary and analysis from leading conservative talk-radio hosts. You’ll enjoy the fast-paced recap of the week’s political events Townhall Review provides. You can rely on the show to provide the “who said what” in U.S. politics, global news and breaking news. Townhall Review honors your conservative principles and enables you to participate in the conversation on issues shaping our nation.

Advertisement