FULL VIDEO: Donald Trump Erupts On 'Woke Left' And 'Radical Left Communists,' Unveils Proposed ESG Ban

Donald Trump

Former US President Trump pledged to ban ESG investing by executive order should he retake the presidency, slamming the "woke left" and calling such investing a "threat" from "radical left Communists." Trump released a video on his official Truth Social account, which is also shared by Forbes Youtube Channel shown below:

 

Trump has vowed to ban ESG investing by executive order should he retake the presidency. In a video posted on social media, Trump criticized the "woke left" and labeled ESG investing a "threat" from "radical left Communists."

"I'm very proud that as president I issued a historic rule banning Wall Street and employers from pouring your 401ks, pensions, and retirement accounts into so-called ESG or environmental social and governance Investments for political reasons, strictly for political reasons," Trump said in the video.

He went on to call such investments "radical left garbage" and claimed they would never be funded on their own merit. According to Trump, ESG investing is designed to funnel retirement money to "maniacs of the radical left."

The former president claimed that the rule he issued banning ESG investing was the first of its kind in the world, and he was delighted that Republicans in Congress and across the country had followed his lead. However, he accused President Biden of gutting his ESG rule and allowing fund managers to "play politics with our seniors' hard-earned savings."

"Biden has already crushed your 401ks," Trump said. "When I was there, they were going like a rocket ship straight up, and now they're going like that rocket ship is crashing."

Trump argued that Biden's actions were trying to use Americans' money to fund "fringe left-wing causes" at the expense of the American people. He claimed that pensions and retirement accounts were going down because of Biden's "radicalism and incompetence."

"With this action, he's trying to use your money to fund fringe left-wing causes at your expense," Trump said. "You're paying the price for all of this, and it's destroying our country."

He then vowed that, if he were back in the White House, he would sign an executive order and demand that funds invest people's money to help them, not "the radical left Communists." Trump promised to protect seniors once again from the "woke left," which he claims destroys countries.

The former president's remarks come as ESG investing has gained popularity among investors in recent years. ESG stands for Environmental, Social, and Governance, and refers to a set of criteria used to evaluate a company's impact on the environment and society, as well as the quality of its corporate governance.

ESG investing has become increasingly important to investors who want to ensure their investments align with their values. However, critics of ESG investing argue that it is often used to push a political agenda and that it can harm investment returns.

Trump's vow to ban ESG investing has sparked debate among experts and investors alike. Some have applauded his stance, arguing that ESG investing is too political and that investors should focus solely on financial returns. Others, however, have criticized Trump's comments, claiming that ESG investing can help drive positive change and that investors should be free to invest their money as they see fit.

Regardless of the opinions surrounding ESG investing, Trump's remarks have highlighted the continued divide between Republicans and Democrats on the role of government in regulating financial markets. It remains to be seen if he will follow through on his pledge to ban ESG investing should he retake the presidency, but his comments have certainly stirred up controversy and added another layer to the ongoing debate over the role of ESG investing in the financial world.