• Jim Himes Voted To Politicize 401k Investment Plan Decisions

    July 25, 2023
    US Representative Jim Himes, Public Domain.

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    Earlier in this session, Jim Himes voted against the Prudence and Loyalty in Selecting Plan Investments act. The Bill was a Republican-led effort to reverse a Biden Labor Department rule facilitating and encouraging financial managers to incorporate Environmental, Social, and Governance (ESG) considerations when running a client’s 401(k) or retirement account. Knowing a Republican House was coming in January, Biden’s Labor Dept. team regulated in Dec.’22 what it knew it could not achieve through congressional legislation – an all too common gambit.

    Biden’s rule/regulation, as things currently stand, drives the ‘Woke’ agenda into the investment management of the nation’s retirement savings, as well as any other of our investment accounts! It doesn’t force ESG into portfolio decisions – it just enables it while Leftist mouthpieces publicly berate and jaw-bone investment houses to “go green” and “go woke.” This amounts to the politicization of investment decision-making, potentially impairing the investment returns retirees depend upon, as well as everyone’s ability to preserve and increase our personal wealth! Retirement plans should be focused on producing the maximum return on investment, and NOT a political agenda.

    Is there no aspect of our lives Jim Himes and the ‘progressive’ Democrats can keep their meddling hands off?  This action is all of a part of the Democrats' socialist agenda of ‘Shrinking American Life,’ which is constantly pressuring us:

    1. Economically, via inflation, debt, taxes/fees, and now ESG-driven investing;
    2. Impairing our Personal Mobility via green dream-driven high energy costs;
    3. Transforming our Culture, via persistent grievance agitation, and CRT and the sexualization of our children in schools;
    4. Increasing our personal Vulnerability via the insidious digitization of our transactions and medical records.

    Topmost of several critical aspects, my campaign is about reclaiming control of our lives, turning back these endless regulations, and re-establishing our individual liberties within a free America as founded, and as we have always known. These individual personal and economic liberties, as codified in our Constitution, are what made America the most successful nation ion history – and they must be reclaimed in the upcoming elections.

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    Author

    Bob MacGuffie

    Bob MacGuffie is currently seeking the Republican congressional nomination to oppose Jim Himes in the 2024 election: www.bobmacforcongress.com
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