February 24, 2023 (Cover photo credit: Donald Trump Truth Social)
Mar-a-Lago, FL–45th President Donald Trump has released a video detailing his plans to ban retirement investments based on Environmental, Social, and Governance (ESG) scores. The speech can be watched here; a transcript of the speech appears below.
I’m very proud that as President, I issued a historic rule banning Wall Street and employers from pouring your 401Ks, pensions, and retirement accounts into so called ESG or Environmental, Social, and Governance investments for political reasons—strictly for political reasons. These people are sick. These poorly performing woke financial scams are radical left garbage that would never be funded on their own, and certainly never be funded on their own merits.
The entire ESG scheme is designed to funnel your retirement money to the maniacs on the radical left. The rule we issued under my leadership was the first ESG ban anywhere in the world. And I’m delighted that Republicans in Congress and across the country have been waking up to this threat and following my lead.
Unfortunately, Joe Biden gutted my ESG rule and now his Department of Labor has declared that fund managers can play politics with our seniors’ hard-earned savings and play it they are. Biden has already crushed your 401Ks. If you take a look at the 401Ks when I was there, they were going like a rocket ship straight up.
And now they’re going like that rocket ship is crashing.
But pensions and retirement accounts with his radicalism and incompetence, they’re going down and they’re going down big and nobody’s seen anything like it. With his action or with this action, he’s trying to use your money to fund fringe left-wing causes at your expense.
You’re paying the price for all of this, and it’s destroying our country. When I’m back in the White House, I will sign an executive order and with Congress’ support, a law to keep politics away from America’s retirement accounts forever.
I will demand that funds invest your money to help you, not them, but to help you. Not to help the radical left communists, because that’s exactly what they are. I will once again protect our seniors, just like I did before, from the woke left and the woke left is bad news. They destroy countries.
Thank you very much.
