Joe Biden made comments about retirement security on Tuesday.
“I ran for president to make sure the economy works for everyone!” Biden said from the State Dining Room.
Biden’s economic agenda, dubbed ‘Bidenomics’, has been a total failure.
At one point, Joe Biden reminisced about bouncing checks as he “tried to get started” — before launching his international influence operation with his son Hunter and brother James.
“If you’re like me and bounced a few checks, you know, when I was trying to get started, then…” Biden said.
Biden has certainly come a long way since the days of bouncing checks.
It was recently revealed that Joe Biden bought his $2.75 million luxury home in Rehoboth Beach, Delaware, with all cash after Hunter Biden threatened his Chinese business partner in a $5 million shakedown.
On August 8, 2017, $5 million was transferred from a CEFC-affiliated investment vehicle (Northern International) to the bank account of Hudson West III, which the following year transferred $4,790,375 million directly to Hunter Biden’s firm Owasco, according to a Senate report. report reviewed by this reporter.
A few weeks before this desperate shakedown, Joe Biden plunked down nearly $2.75 million in cash for his Rehoboth Beach home. No wonder why he was so desperate to get this money from Hunter’s business partner. He was counting on it to cover his new real estate transaction.
“Property records show that Joe’s six-bedroom second home was purchased for $2,744,001 on June 8, 2017 – just seven weeks before his son’s shakedown posts.” The Daily Mail reports this.
There was no evidence of a mortgage lien on the Rehoboth property until Joe and Jill Biden opened a $250,000 HELOC (home equity line of credit) on the property last December.
How did Biden go from bouncing checks to paying cash for a $3 million beach vacation home after 50 years of government pay?
Excerpt from the White House on Biden’s new announcement about his so-called actions to protect retirement security:
The proposed rule builds on the Biden-Harris administration’s efforts to eliminate junk fees, putting money back into the pockets of Americans. The Federal Trade Commission has proposed a rule that would ban companies from charging hidden and misleading fees and require them to show the full price up front, and a click-to-cancel rule that would make it just as easy to sign up to register for a service as well as to cancel. It. The Consumer Financial Protection Bureau took action to require major banks and credit unions to provide basic information to consumers without charging fees. The Department of Transportation has proposed several new rules that would lead to more transparent pricing by airlines and reimburse customers when significant changes occur to their flights.
Today’s announcement also builds on important actions the Biden-Harris administration has taken to protect the retirements of hard-working Americans. In December 2022, President Biden signed SECURE 2.0 into law, which encourages more employers to offer retirement benefits to their employees and makes it easier for Americans to save. Additionally, as part of the American Rescue Plan, President Biden signed the Butch-Lewis Emergency Pension Plan Relief Act, which protects the pensions of 2 to 3 million workers.