Investment firms that have turned woke are now realizing that the team they chose to join doesn’t really care about them.
GOP lawmakers are eying investment managers who are pushing ESG scoring in investing. This environmental, social, and governance scoring is destructive, trying to bend the world of finance to the social goals of the Democratic Party. And yet, while these investment firms have made themselves toadies of the Democratic Party, they are discovering that Democrats don’t actually like them all that much.
Warmbrodt’s piece makes no mention of any Democrats coming to the defense of these firms, but it does end with a quote from Sen. Jon Tester , who is a member of the Senate Banking Committee. “It’s kind of the nature of the beast,” Tester said. “They’re big boys.”CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER
Deciding to bend to the pressure of liberal activists and join a political team that despises your very existence is not a great strategy, as it turns out. Kroger is already finding this out, as Sen. Tom Cotton helpfully illustrated for them. Major League Baseball has discovered this blunder, becoming a tool for the Democratic Party only for Democrats to turn around and continue to hammer it over its collective bargaining agreement and even threaten to revoke its antitrust exemption.
Just as Disney and Amazon have done, Wall Street investment firms have become cultural foot soldiers for the Democratic Party, even though Democrats hate them. Democrats won’t defend them, and the firms and corporations have declared themselves in direct opposition to the GOP by pushing far-Left ideas and social agendas.
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