Politics

Biden Sued For Injecting Woke Politics Into Retirement Accounts

Joe Biden is being sued for his scheming to inject politics into retirement accounts – the savings millions of Americans have set aside for their own senior years.

The Wisconsin Institute for Law & Liberty, has confirmed it has filed a legal action on behalf of retirement account participants Rick Braun and Fred Luehrs against the government over a new rule created by the Biden administration.

That would let those managing retirement accounts to use “environmental, social, and governance” factors in their management of others’ money.

It was filed in federal court in Wisconsin.

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“Imposing ESG factors not only violates the Employment Retirement Income Security Act of 1974 (ERISA), which governs the operation of retirement plans and protects the hard-earned savings of millions of employees from mismanagement and abuse, but undermines the authority of Congress,” WILL explained.

Kate Spitz, associate counsel for the organization, said, “By injecting highly partisan issues – like climate change and racial justice – into investment strategy, the Biden administration is jeopardizing the retirement income of over 140 million Americans. Their new rule far exceeds the law and their constitutional authority.”

The concept of using ESG as a factor means that a custodian of retirement funds could invest in a failing wind energy project rather than a profitable oil or natural gas venture – costing the future retirees part of their assets.

Braun is a Wisconsin man with a retirement account hit by the new Biden rule, and said, “I have been financially responsible, saving to have a future. Now it’s all at risk because politicians in Washington want to gamble it away on their favorite pet projects and causes.”

(Photo by Joe Kovacs)
(Photo by Joe Kovacs)

The legal action seeks a temporary restraining order and preliminary injunction halting the use of the Biden ESG rule.

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“The suit urges the court to enter a declaratory judgment that the ESG rule exceeds the statutory authority conferred on the secretary and the department by Congress, and thus violates the Administrative Procedure Act,” WILL said.

The federal ERISA law was set up to protect retirement savings from mismanagement and abuse, and requires those who administer plans and are custodians of others’ funds to act for the owners’ benefit.

“Congress has provided that a fiduciary shall discharge its duties with respect to an ERISA plan ‘solely in the interest of the participants and beneficiaries and for the exclusive purpose of providing benefits to participants and their beneficiaries and defraying reasonable expenses of administering the plan,’” WILL explained.

Under Biden, however, “Plan administrators can now risk beneficiaries’ investments for progressive policy dreams.”

EDITOR’S NOTE: Long the world’s most Christian nation, America today is being taken over by a new “official” national religion, one being imposed on the entire populace by every major societal institution, from government, media and big tech, to academia, entertainment and business.

This new state religion is Wokeism. “Going woke” conjures up visions of someone claiming to be acutely sensitive (“awake”) to “systemic social and political injustice.” And not just alleged bigotry against blacks, but toward every other “minority” as well, from LGBT folk – especially everything transgender and “nonbinary” – to “undocumented immigrants.” All of them, being VICTIMS, intrinsically more virtuous than the shameful oppressor class: primarily heterosexual white males.

This new “woke” consciousness has turned America upside-down – from the nationwide Antifa and Black Lives Matter riots in 2020, to tearing down of historic monuments, to demanding multi-million-dollar reparation payments for blacks, to appointing transgenders as top government officials, to rampant reverse discrimination in every area of life, to the U.S. military imposing mandatory “diversity training” and transgender pronoun use on all personnel, causing recruitment to disastrously plummet.

Yet there is hope. Being “saved” – which in Wokeism is called being “woke” – is largely a matter of worshipping victimhood by becoming an “ally” and “defender” of all the many victim classes, and a determined enemy of the straight white male oppressor class. Thus, “joining the righteous” as an ally – even if one is cursed to be a straight white male – opens the door mercifully for salvation, even to the most wretched.

That is the power of the religion of Wokeism. And it’s explored as never before in the February 2023 issue of WND’s critically acclaimed monthly Whistleblower magazine. If you’ve ever wondered, for example, exactly how the most radical elements in American society are successfully pressuring the biggest corporations into adopting the most outrageous and immoral policies imaginable, even when doing so permanently damages and devalues the company, the stunning answers are in this issue of Whistleblower, titled “WOKEISM: AMERICA’S OFFICIAL STATE RELIGION.”

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This article was originally published by the WND News Center.

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