Joe Biden on Tuesday delivered remarks on retirement safety.
“I ran for president to verify the financial system works for everybody!” Biden stated from the State Eating Room.
Biden’s financial agenda dubbed ‘Bidenomics’ has been confirmed to be a complete failure.
At one level Joe Biden reminisced about bouncing checks when he was “making an attempt to get began” – earlier than he began his worldwide influence-peddling operation together with his son Hunter and brother James.
“If you’ve bounced just a few checks like I did, you understand, once I was making an attempt to get began, it, uh, anyway…” Biden stated.
Biden certain has come a great distance from the times he bounced checks.
It was just lately revealed Joe Biden bought his luxurious $2.75 million Rehoboth Seaside, Delaware dwelling with all money after Hunter Biden threatened his Chinese language enterprise associate in a $5 million shakedown.
On August 8, 2017, $5 million was wired from a CEFC-affiliated funding car (Northern Worldwide) to the checking account for Hudson West III, which spent the subsequent 12 months transferring $4,790,375 million on to Hunter Biden’s agency, Owasco, in accordance with a Senate report reviewed by this reporter.
Just a few weeks earlier than this determined shakedown, Joe Biden plopped down practically $2.75 million in money for his Rehoboth Seaside dwelling. No surprise why he was so determined to get this money from Hunter’s enterprise associate. He was relying on it to cowl his new actual property transaction.
“Property data present Joe’s six-bedroom second property was bought on June 8, 2017 for $2,744,001 – simply seven weeks earlier than his son’s shakedown messages.” The Every day Mail reported.
There was no document of a mortgage lien in opposition to the Rehoboth property till Joe and Jill Biden opened a $250,000 HELOC (dwelling fairness line of credit score) in opposition to the property final December.
How did Biden go from bouncing checks to paying money for a $3 million seashore entrance trip dwelling after 50 years of presidency wage?
Excerpt from White Home on Biden’s new announcement on his so-called actions to guard retirement safety:
The proposed rule builds on the Biden-Harris Administration’s efforts to eradicate junk charges, placing money again within the pockets of People. The Federal Commerce Fee proposed a rule that might ban companies from charging hidden and deceptive charges and require them to point out the complete value up entrance and a “click-to-cancel” rule making it as simple to enroll in a service as to cancel it. The Client Monetary Safety Bureau took motion to require massive banks and credit score unions to offer fundamental data to customers with out charging charges. The Division of Transportation has proposed a number of new guidelines that might result in extra clear pricing by airways and reimburse prospects when there are important adjustments to their flight.
In the present day’s announcement additionally builds on necessary actions the Biden-Harris Administration has taken to guard the retirement of hardworking People. In December 2022, President Biden signed SECURE 2.0 into regulation, which inspires extra employers to supply retirement plan advantages to their staff and makes it simpler for People to save lots of. Moreover, as a part of the American Rescue Plan, President Biden signed the Butch-Lewis Emergency Pension Plan Reduction Act, which protects the pensions of two to three million staff.