President Biden was widely condemned by conservatives on social media after warning in his final address to the nation that “an oligarchy is forming in America.”
“That's why I want to use my farewell address tonight to alert the nation to some things that are of great concern to me,” Biden said in his farewell address Wednesday night. “And this is dangerous. And it means that there is a dangerous concentration of power in the hands of a very wealthy few, and that their abuse of power, if left unchecked, has dangerous consequences. Today, an oligarchy is forming in ultra-wealthy America, a power and influence that literally threatens our entire democracy, our fundamental rights and freedoms, and a fair chance for everyone to advance. ”
“We're seeing the effects of that across America. And we've seen it before.”
Conservatives on social media quickly reacted to the remarks, calling out billionaires Biden has interacted with over the years, including liberal mega-donor George Soros, to whom Biden recently awarded the Presidential Medal of Freedom. Pointed out and criticized.
6 Billionaire Biden, who supports the Democratic Party, did not mention the political “oligarchy” while criticizing it.
President Biden (right) awarded George Soros the Presidential Medal of Freedom earlier this month. (Getty Images)
Fox News Digital previously reported on several billionaires who donated to President Biden's re-election campaign last year, including Steve Jobs' widow Laurene Powell Jobs and Alphabet Executive Chairman Eric Schmidt.
“In his farewell address, Joe Biden did not condemn Iran, China, or the war he started, but he attacked the American people, calling them an 'oligarchy' and a 'threat to democracy.'” said Republican Congresswoman Nancy Mace. Posted in X. “It's a fitting end to a presidency defined by responsibility and failure.”
Mace added in another post: “It's meaningful to see Joe Biden talk about democracy, press freedom, institutions, and abuse of power in his final farewell speech.”
'Worst farewell speech in presidential history': Biden's farewell address in the Oval Office criticized as 'bleak'
On Wednesday, January 15, 2025, President Biden will deliver a farewell address to the nation in the Oval Office of the White House in Washington, DC. (Getty)
“Joe Biden, who just awarded George Soros the Medal of Freedom and gave his son a free pass for every federal crime he committed in a decade, now wants everyone to know that oligarchy is evil. Conservative commentator Matt Walsh Posted in X.
“Yes, Biden, an opponent of the rich and powerful…George Soros, Hillary Clinton, Ralph Lauren (net worth $11 billion), and Magic Johnson (net worth $1.6 billion) are the nation’s highest civilian honors. I just gave it to you.” American Compass Managing Editor Drew Holden Posted in X.
“Biden's warnings against oligarchy, while meritorious, ring hollow for the leader of a party backed by billionaires,” said Ron Fournier, a former White House correspondent. Posted in X. “The truth is that the moneyed classes control both halves of a corrupt duopoly.”
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On January 15, 2025, President Biden delivers a farewell address to the nation from the Oval Office of the White House in Washington, DC. (Getty Images)
Republican communicator Matt Whitlock said, “Biden's entire political machine has been propped up by Arabella Advisors and George Soros for decades, and there has been “concentration of power in the hands of a few wealthy people.'' “It's incredibly wealthy to warn people that they're living in a state of poverty.” Posted in X.
Fox News Digital reached out to the White House for comment, but did not immediately receive a response.
