Chuck Schumer is one of the most powerful Democrats in Washington.
But he is now under fire like never before.
And it’s all because a new report revealed that Schumer took more money from the woke investment company BlackRock than any other politician in Washington, D.C.
BlackRock has emerged as one of the most powerful corporations in America.
As an investment firm commanding over a trillion dollars in assets under management, BlackRock’s financial power to direct investment dollars towards one project or another is unprecedented.
And over the past several years, BlackRock has chosen to throw its lot in almost entirely with the Left, by backing a series of woke policies aimed at crippling large segments of the American economy in order to cozy up to liberal political activists.
The most stunning example of this has been BlackRock’s strong support for the woke “ESG” investment guide, which seeks to place “environmental, social, and governmental” concerns over the traditional guiding principles of American capitalism.
“ESG” has become synonymous with Left-wing causes that seek to impose radical racial policies on the rest of corporate America, while at the same time pushing for many of the same policies touted by Alexandria Ocasio-Cortez’ Green New Deal.
And despite tremendous backlash from conservatives over ESG policies that target the rest of the economy into bending the knee to the Left, BlackRock has not wavered in their support for the program.
At the same time, Senator Chuck Schumer’s strong support for ESG is now better understood, as a new report reveals that Schumer took more money from BlackRock in 2022 than any other politician in Washington, D.C.
Fox Business reports, “Senate Majority Leader Chuck Schumer, D-N.Y., this week mounted a vigorous defense of big investment firms’ right to consider environmental, social and governance (ESG) factors when evaluating their investment decisions. But a conservative ethics watchdog is calling out the Democratic leader for being the top campaign donation recipient from BlackRock — one of the leading advocates of sustainable investing.
The American Accountability Foundation (AAF), which opposes ESG, slammed Schumer for taking corporate America’s side against a Republican-led effort to kill a Biden administration Department of Labor rule that would have encouraged private retirement plan fiduciaries to consider ESG factors when making investment decisions for over 150 million Americans.
The group noted that Schumer was the top recipient of campaign donations from the Wall Street firm in the last election cycle. In 2022, Schumer received a total of $113,950 from BlackRock, including $103,950 from individuals tied to the New York-based international investment firm and $10,000 from its affiliated political action committee, according to OpenSecrets.org.”
The fact that BlackRock has forked over more than $100,000 in donations to Schumer in just a single year helps to illustrate just how far they have gone in buying up the loyalty of some of the most powerful Democrat members of Congress.
And Schumer has chosen to throw his lot in with woke corporations rather than the rest of the American people that BlackRock is attacking.