Tina Smith: Filthy Liar
By Mitch Berg
Senator Smith took to Twitter to shill for “ESG“ – rules that require businesses to make decisions based on “Environment, Social Credit, [woke corporate] Governance l”practices.in other words, replacing fiduciary responsibility with “woke“ “social justice“ (read: Marxist) values.
there are really only two possibilities:
- Smith really is this ignorant.
- She knows she can count on a majority of her voters being this ignorant.
Given the last few elections in Minnesota, #2 isn’t the dumbest strategery .
March 3rd, 2023 at 8:19 am
Presented without comment: https://www.scribd.com/document/628961367/UkWSSC-Concept-Briefing-26-Sep-2022
March 3rd, 2023 at 9:23 am
Actually, I believe the Labor Department brought in a rule under the previous administration to bar consideration of ESG by managers serving pension funds subject to US federal standards. The Biden administration appropriately reversed that rule to allow (not mandate) the consideration of ESG factors in serving these funds. Congress now does seek to reverse course back to the Trump-era dictate to investment managers and the President is absolutely correct in his necessary veto of this.
I find it Hilarious that Florida’s governor Ron DeSantis is spending over 4 billion on sea defenses and tackling salt water intrusion in Florida while at the same time going on his anti environmental crusade…
March 3rd, 2023 at 9:49 am
Saving this thread to remind “centrist” Emery that when he had the chance he rejected the centrist position of his own party.
What Emery is in favor of is fund managers presenting corporate customers with lesser ROI option, not in return for greater security, but for fairy dust. Unbelievable.
The amount of potential graft becomes incalculable when a fund manager can promise a fund with an ROI of 6%, or an ESG fund with a return of 4% + an unrealizable element worth a promised 3%. Blackrock reach goes deep into the Biden administration, this rule is a gift to Blackrock.
You can always tell a subcriber to The Economist by their inability to grasp simple economic concepts.
March 3rd, 2023 at 10:06 am
AIUMMP, rAT could not tell the difference between a hedge fund and hedge clippers. His nest is lined with urine soaked IOU’s and shattered dreams. He surfs the web, reading stories about successful people doing important things, squeaks and seethes.
He has been obsessed with reaching 70 yrs old lately; it’s bizarre and came from nowhere. I deduce he’s reaching retirement age, and sees he has nothing to retire on. His family left a long time ago, he has no friends, and wakes up hungover, in cold sweats.
That’s why he is such a big proponent of assisted suicide; he can’t face the future, but doesn’t have the stones to kys…like any leftist degenerate, he wants someone else to do it for him.
March 3rd, 2023 at 2:39 pm
Vanguard has pulled out of the multi-fund initiative, led by Blackrock, to limit investment in fossil fuels (NZAM).
This is a hard blow to Blackrock & ESG, because Vanguard will be able able to offer a better ROI than funds that refuse to invest in fossil fuel production.
If bank A offers a 6% ROI, and bank B offers a 5% ROI, all else being equal, bank B doesn’t get 1/6 fewer deposits than Bank A, Bank B gets zero deposits. Not keeping Vanguard & its 8 trillion $ in assets on-side was a disaster for Blackrock and the ESG movement.
March 3rd, 2023 at 3:27 pm
You’ll see some of the same sorting with the move to end merit based university & esp. law school admissions. Some woke schools are ending meritocratic admissions, others are doubling down meritocratic admissions.
SAT & LSAT measure a real thing, the ability to graduate, and pass the bar in the case of law schools.
These people are idiots. The move to end merit based admissions at some universities and law schools will result in poor quality students flooding those schools while the better students will attend meritocratic schools.
March 3rd, 2023 at 3:34 pm
AIUMMP – I’ve stopped acknowledging Hanlon’s razor when it comes to politics. They’re not idiots. They’re committing with malicious intent.
March 3rd, 2023 at 4:28 pm
I took economics back in the early 90s. The textbook we were given was a standard MacMillan thing, published just after the fall of the USSR. The theme of the textbook was that the contest was over, the winner was obvious: market economies outgrow command economy.
But the neoliberal oligarchs of 2023 aren’t interested in economic growth . . .
March 3rd, 2023 at 5:34 pm
Emery, the trick is that when a government as obviously politically motivated as that today “allows” something, any smart corporate leader reads “yes, it’s ‘allowed’, and if it is not done, then we’ll have the SEC, IRS, and every other alphabet agency investigating us when they see fit to do so.”
So it’s a distinction in name only, really. And in that light, the previous Trump regulation does not bind companies in any significant way–you could still quietly use intangibles like ESG in there, just not by that name–but it does bind government.
March 3rd, 2023 at 7:55 pm
👆 lol….look at 🐀 bubble try and talk his pal, 🐀 rAT Emery into reality!!!!
Pro tip, 🐀 bubble: 🐀Emery doesn’t have a FAbulOus LakEfRoNT EStaTe….there will be no lavish BBQ’s.
🤣🤣🤣