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March 2, 2023

President Biden is expected to use his veto pen for the first time this week, and he’ll do it twice.

It’s almost unimaginable these days, but two bills had enough bipartisan support to pass both Houses of Congress, with Democrats joining Republicans to pass them in the Senate. One would overturn an insane move by the DC City Council to reduce punishments for a range of crimes. It’s the kind of criminal coddling that’s sparked major crime waves in other cities, and it’s so radical that even leftist DC Mayor Murial Bowser unsuccessfully tried to veto it. Members of both parties realize it would make the city in which they work, which is already suffering a violent crime wave that recently touched a female House member, even more dangerous.

And yet, Biden plans to veto it, on the lame excuse that it infringes on DC’s right to self-rule…which the Constitution specifically gives Congress the power to do.

The other bill would overturn Biden’s ESG (Environmental, Social and Governance) rule, or as the Department of Labor calls it, with enough fuzzy verbiage to obscure its true meaning, the “Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights” rule. It allows money managers to consider liberal agenda issues like environmentalism and racial representation instead of just investing in companies that provide the best returns.

Critics say it’s yet another attempt by the left to get their claws on investment and pension funds and use them to advance their political agenda. It will also undermine returns to retirees at a time when their retirement accounts have already taken a huge hit under Biden and their costs of living have skyrocketed due to inflation.

And Biden will veto the bill that would stop it and make fund managers look after their investors rather than fund leftwing causes. So on both counts, Biden sides with activists who are so far to the left that even some Senate Democrats broke with the monolithic party line to oppose them.

That’s why I say that when he vetoes these bills, what he’ll really be killing is the claim that he would govern as a moderate, which was the real “Big Lie” of the 2020 election.