President Joe Biden's farewell address on Wednesday was full of bizarreness and falsehoods. Clearly, they believe they can use it against their political opponents. hurt President-elect Donald Trump's appeal to working-class voters, wealthy Democrats and fellow Americans won Biden support. statement In particular, “an oligarchy with extreme wealth, power, and influence is taking shape in America, literally threatening our entire democracy, our fundamental rights and freedoms, and a fair chance for everyone to advance.” This is his suggestion.
For example, Sen. Bernie Sanders (D-Vermont) on Thursday sought to use the outgoing president's claims as a fear-monger when criticizing Scott Bessent, President Trump's nominee for Treasury secretary, saying that He suggested that billionaire Elon Musk's presence is influencing the Treasury Department. The Trump administration had a problem. Bessent responded by pointing out the emptiness of Biden's rhetoric and highlighting the hollowness of the president's statements. decision Earlier this month, he awarded billionaire and Democratic megadonor George Soros the Presidential Medal of Freedom.
Sen. Chuck Schumer of New York similarly embraced Biden's 11th-hour concerns about America's oligarchy. pay attention In X, “Every American should heed the warning @POTUS left us. An oligarchy is forming in America that could threaten our progress.” What you say is correct.”
“Instead of helping working families, Republicans are intent on further rigging the system to favor the ultra-wealthy,” Schumer added. Donation received From Facebook CEO Mark Zuckerberg and other billionaires.
Tiffany Mueller, president of the pro-Democratic activist group End Citizens United, also appears to have obtained a memo regarding the new talking points. states “Donald Trump's inauguration next week marks the beginning of an oligarchy that has been in the making for 15 years,” he said Thursday.
“Most people who are paying attention know that most elites and billionaires in this country have been funneling money into the coffers of one political party for a long time.”
Mr. Biden, Mr. Schumer, and others are trying to seize what they call the growth of America's oligarchy (which refers to rule by the few, as opposed to plutocracy, which refers to rule by the most wealthy). They are fervently blaming political opponents, but they are throwing stones. From an expensive glass house.
bloomberg reported Biden's tenure proved to be a golden age for the wealthiest Americans. The wealth of the nation's 100 richest individuals has increased by more than $1.5 trillion over the past four years. The top 0.1% gained more than $6 trillion while Democrats controlled the White House and Senate, according to Fed estimates through September.
It certainly didn't hurt that the 117th Congress was controlled by Democrats. approved Biden's so-called “Build Back Better Act,” which includes huge federal tax cuts for the ultra-wealthy, or Biden's defense of unprecedented inflation spending. make a profit wealthy person
Many of the wealthiest individuals in the United States are often the beneficiaries of Democratic Party policies and have supported the campaigns of Democratic members of Congress in recent years and worked to keep them in power.
USA Today reported In November, it was announced that 83 billionaires supported Kamala Harris' disastrous presidential campaign, including two with net worths of over $100 billion each. Thirty-one fewer billionaires supported Trump, with only one billionaire backing Elon Musk.
Those currently holding the pearls on Musk's incoming administration are not only fudging this detail, but have previously been reluctant to criticize billionaire Mark Zuckerberg. Something was clear. help swing 2020 Democratic Party Election.
“Most people who are paying attention know that most of the elites and billionaires in this country have been funneling money into the coffers of one political party for a long time. The rich banks, all of the financial industry, “Everyone in every industry is basically doing that — except for one or two — funneling their money to the Democratic Party,” Blaze News Editor-in-Chief Matthew Peterson said Thursday. He spoke on “Blaze News Tonight.''
2023 paper published The peer-reviewed journal Politics points out that until 1992, wealthy voters preferred Republican candidates. But “increasingly, the income groups that most prefer Democratic candidates are the lowest and highest income groups, thus creating a 'U-shape.'” For example, in 2016 and 2020, [Cooperative Election Study] The data shows that the top two income quintiles (i.e., 80%-100% and 60%-80%) prefer Democrats (i.e., Hillary Trump) more than Republicans (i.e., Donald Trump) than those in the 20s to 60s. Clinton or Joe Biden). Percentiles did. ”
exit poll revealed In the 2024 presidential election, a majority of voters with a combined household income of more than $200,000 voted for Harris.
Nina Turner, the national co-chair of Sanders' last presidential campaign, slammed Biden's comments about oligarchy. tell “It is despicable that a man who has represented the oligarchy for 50 years is calling out this threat to our country with only days left in his term,” the Associated Press reported.
”[Biden] He will ride off into the sunset and feel no harm in what has been built, while enabling, benefiting from, and emboldening this system that threatens us all,” Turner added. Ta.
Groups supporting Biden and his re-election campaign before his ouster from the presidential race received A large amount of cash was leaked from a group of billionaires worth about $170 billion, including former New York City Mayor Michael Bloomberg. net worth Approximately $104.7 billion.
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