The environmental, social, and governance (ESG) movement is creeping into every facet of American life. From corporate boardrooms to the federal government, this pervasive investment philosophy is being emboldened by those who hold powerful positions.

For instance, a new Department of Labor rule will allow financial managers to weigh ESG considerations — namely climate change risks — on important financial decisions.

Savings plans have suffered already under runaway inflation brought about by Washington’s spending sprees. Accounts depreciated by an average of 22.9% — from $126,100 in quarter three of 2021 to $97,200 the same time last year. On average, Americans have lost $34,000 in savings.

Despite ESG funds having a well-documented poor return on investment, the Biden administration is willing to bet 152 million retirement plans, which are cumulatively valued at $10 trillion, on this losing and dangerous ESG agenda.

This rule change will inject more uncertainty into personal investment decisions.

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CHAMPION MESSAGE

HURTING NOT HELPING

White House To Limit Credit Card Access for Americans Most Vulnerable

A cardinal rule of policymaking is to do no harm. A related one is to carefully comprehend the unintended consequences of regulatory changes. Yet again, the White House shows it failed in both respects in its proposed rule to distort the credit card market. Read More

MEDIA SPOTLIGHT

Fox & Friends | Biden Administration Response to East Palestine, Ohio Disaster Has Destroyed Public Trust Watch

Cavuto Live | Lawmakers Pushing for Social Media Age Limit Watch

Jesse Watters Primetime | Biden Administration More Focused on Climate Agenda Than Environmental and Health Disaster Watch

The Bill Meyer Show | Medical Professionals Abandoning ‘Detransitioners’ Listen
(begins 7:20)

Washington Times | Stop Allowing ZIP Codes to Dictate Where Kids Go to School Read

Students Over Systems | Former Florida Governor Jeb Bush: Opportunity Scholarships and BHAGs Listen

DID YOU KNOW

CBO Report Indicates More Financial Hardship in 2023

The Congressional Budget Office (CBO) released its 2023 budget estimates, finding that the annual federal deficit will hit $1.4 trillion this year and widen by $3 trillion over the next decade. Read More

Spotlight: Arizona Children Deserve Better Than Hobbs’ Plan Read

IN THE NETWORK

Unapologetically Conservative: Black Women Speak Up

Conservative women from the black community are considered a rarity in American politics. Yet they are some of the fiercest advocates for educational choice, personal freedoms, and greater opportunity for all. Hear from several high-profile women and rising stars on why they unapologetically support conservative values and solutions.

WATCH NOW

Trending: ESG Could Mire Already Strained 401(K) Plans Read

TWO TRUTHS & A LIE

Facing Down The Rising Threat Of China

Can you identify which of the following is not true about China?

A. China has the world’s largest active military.
B. Engagement with China will ease the threat. All we need to do is find common ground.
C. China remains one of the world’s worst abusers of human rights.

CHECK YOUR ANSWERS

Just In: For The New York Times, The Real Ohio Disaster Is Republicans Asking Questions Read

CAPSULE REVIEW

What AOC’s Speech Doesn’t Tell Us About Hate in America

After years of making antisemitic comments, Minnesota Representative Ilhan Omar was removed from the House Foreign Affairs Committee by a vote that went along party lines, with Republicans at 218 and Democrats at 211. Immediately following Rep. Omar’s removal, fellow "squad" member Rep. Alexandra Ocasio-Cortez gave a speech accusing Republicans of targeting Omar for being black, Muslim, and a woman. But the facts negate what AOC suggested in her speech. And Omar’s removal suggests that at least some in Congress are committed to stopping hatred and antisemitism.

Distinguishing Between Big Tech and Overzealous Government

Last week, three former Twitter executives testified before the House Oversight Committee, recalling the missteps that led to the suppression of the Hunter Biden laptop story. The employees refused to acknowledge any government interference in their mea culpa, arguing that the social media company acted in a manner fully consistent with the First Amendment.

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