Knew the Democrat party had been panicky recently.


https://i.imgur.com/ZwTD4A9_d.webp?maxwidth=640&shape=thumb&fidelity=medium


THIS IS WHY THEY RUSHED THEIR FAILED SUPREME COURT NOMINATION! THE PEOPLE ARE WAKING UP AND REJECTING COMMUNIST LIES!

WE WON'T OWN NOTHING AND WE WILL BE HAPPY!

https://i.makeagif.com/media/7-04-2014/LmVG_9.gif


https://pbs.twimg.com/media/FPxHAYxXMAIBM6p?format=jpg&name=large

I thought the Q thread was mothballed.

This doesn't even make sense.

HTownAg98 said:

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I thought the Q thread was mothballed.

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Blue ANON is the in thing now, left wing conspiracies

How would we ban ESG scores being validated by blackrock and vanguard and those types?

Tom Kazansky 2012 said:

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How would we ban ESG scores being validated by blackrock and vanguard and those types?

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My first thought is put in harsh penalties for IB's that use that as a metric--but that seems a bit centralist to me. Interested in seeing how those bills work.

Tom Kazansky 2012 said:

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How would we ban ESG scores being validated by blackrock and vanguard and those types?

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You can't which was why I said this makes no sense. A company based in Texas can't stop a company or entity in New York from applying a rating to them that the market is going to use to assess you. Regardless of what the Texas company thinks about it.

On top of that, the Texas company would ignore the state "law" anyway because if you are big enough to get an ESG score then you are a national/global company who just happens to be based in Texas. Your worldview is way beyond Texas and what others think about you in the wider world will matter and you will operate in a way that you are not penalized by the wider world.

Here is Texas'


https://sidleyenergyblog.sidley.com/texas-legislature-passes-anti-esg-bill/

I guess Texas would just pull all their pension and banking interests from those banks.

Interesting idea, but why wouldn't the big wallstreet banks just divest those funds to a different anti-esg bank that isnt technically the bank being penalized by Texas?

Seems like the banks could easily get around this. Plus it doesnt help that pretty much every bank is owned by the same 4 conglomerates and each is pretty invested in pushing leftist ESG measures.

Personally the way to fight the ESG nonsense is to win elections and shut down spending that fuels the beast.

Literally everything wrong and corrupt in politics comes back to our tax dollars being frivolously spent on stupid ass **** that some rich guys reap the benefits from at the expense of the middle class.

40%+ of our entire spending as a nation is on corruption (government) spending and past debts. That is where ESG comes from, not from better companies. ESG scores just make it easier to keep circle jerking one elite to another in the giant ponzi scheme of kickbacks.

Also, if you are big enough to warrant an ESG score it's likely a large portion of your employees are Democrats who will want you to have an ESG score. There is no way out of this for a larger company.

True but plenty of R's are on board with The Reset so just getting R's elected isn't the answer. Needs to be true America first constitutionalists.

Balanced budget amendment and term limits would be a big step imo. Likely never happens without an Article V convention.

This should be getting a lot more traction than it currently is. ESG is at the heart of leftism, new world order, great reset, crony capitalism, etc.

Tea Party said:

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This should be getting a lot more traction than it currently is. ESG is at the heart of leftism, new world order, great reset, crony capitalism, etc.

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I'm not sure people understand the reality here. ESG scores are a self-fulfilling prophecy.

Democrats want this.
Democrats by and large work at large companies.
Large companies are primarily based in large cities.
Democrats gravitate towards large cities.
The market has already decided ESG is important.

Mix all of that around. It doesn't matter. The companies where ESG matters are run by democrats which is almost every big company. It's not going away.

This battle is already lost.

YouBet said:

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Tea Party said:

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This should be getting a lot more traction than it currently is. ESG is at the heart of leftism, new world order, great reset, crony capitalism, etc.

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I'm not sure people understand the reality here. ESG scores are a self-fulfilling prophecy.

Democrats want this.
Democrats by and large work at large companies.
Large companies are primarily based in large cities.
Democrats gravitate towards large cities.
The market has already decided ESG is important.

Mix all of that around. It doesn't matter. The companies where ESG matters are run by democrats which is almost every big company. It's not going away.

This battle is already lost.

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Hopefully all the stuff that boosts ESG scores will end up causing companies to be less competitive and ones that don't adhere to said scores will force a market correction.

Pookers said:

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YouBet said:

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Tea Party said:

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This should be getting a lot more traction than it currently is. ESG is at the heart of leftism, new world order, great reset, crony capitalism, etc.

---

I'm not sure people understand the reality here. ESG scores are a self-fulfilling prophecy.

Democrats want this.
Democrats by and large work at large companies.
Large companies are primarily based in large cities.
Democrats gravitate towards large cities.
The market has already decided ESG is important.

Mix all of that around. It doesn't matter. The companies where ESG matters are run by democrats which is almost every big company. It's not going away.

This battle is already lost.

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Hopefully all the stuff that boosts ESG scores will end up causing companies to be less competitive and ones that don't adhere to said scores will force a market correction.

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All big companies are pushing it so the only upheaval would be a complete swap between current F500 and small to medium companies that most have never heard of. Not realistic.

When everyone is doing it, that's the new baseline. There is no going back.

Probably true with current institutional investors who do control significant ownership in many companies - the Blackrocks of the world …. But who's to say there won't be a countermovement of investor groups that will choose to ignore ESG scores and focus on value to shareholders ? It's not a static world. Look at Musk and Twitter for an example of what can change and fast. It's not like there are no Conservative rich people. They likely outnumber and outfund liberal rich people , they are just quieter about it.

I wouldn't doubt that countermovement already exists . Does anyone know if there are "non-woke " focused investor groups out there that are looking at shareholder value first and foremost?

halfastros81 said:

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Probably true with current institutional investors who do control significant ownership in many companies - the Blackrocks of the world …. But who's to say there won't be a countermovement of investor groups that will choose to ignore ESG scores and focus on value to shareholders ? It's not a static world. Look at Musk and Twitter for an example of what can change and fast. It's not like there are no Conservative rich people. They likely outnumber and outfund liberal rich people , they are just quieter about it.

I wouldn't doubt that countermovement already exists . Does anyone know if there are "non-woke " focused investor groups out there that are looking at shareholder value first and foremost?

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Yes, I don't doubt this but it's also irrelevant. Big companies will have to play to their ESG scores regardless of your example because there are still enough investor groups, plus the average American shareholder, plus a company's own employees who all demand to know what Company X is doing with ESG.

So, as long as there are enough people who are moving the needle on ESG then companies are going to be catering to it. It's really as simple as the politics in this country. Half the population are Democrats, thus ESG is relevant to at least half the country.

It's not going away.

Sure if we view it through a defeatist lens, we're stuck with ESG as a part of our lives for the future. But there is a very realistic reality where ESG becomes the equivalent of beanie babies, WMDs, and Climate change where it loses credibility very quickly.

Admitting we're stuck with it is akin to rolling over and showing your belly.

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The only way to kill ESG with fire is to have it declared discrimination through SCOTUS. It is discrimination, the courts just have to be made to rule on it.

Tea Party said:

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Sure if we view it through a defeatist lens, we're stuck with ESG as a part of our lives for the future. But there is a very realistic reality where ESG becomes the equivalent of beanie babies, WMDs, and Climate change where it loses credibility very quickly.

Admitting we're stuck with it is akin to rolling over and showing your belly.

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Then you will need to start weeding out most everyone in the investment world, most of the people moving into senior management at pretty much every F500 company, and convince over half of America it's not important.

Good luck.

FTR, I think it's all b.s., and I realize I'm being pessimistic about it but I have direct experience with it as does my wife at senior levels. It's not going away.