‘Rings hollow’: Biden ripped for warning of oligarchy ‘taking shape’ in US despite deep ties to billionaires
President Biden faced backlash from conservatives on social media after issuing a warning about the dangers of an oligarchy taking shape in America during his farewell address to the nation. In his speech, Biden expressed concern about the concentration of power in the hands of a few ultra-wealthy individuals and the potential consequences of their abuse of power.
Critics were quick to point out Biden’s associations with liberal billionaires, such as George Soros, who he recently awarded the Presidential Medal of Freedom. Some conservatives highlighted the irony of Biden’s warning about oligarchy while being connected to wealthy donors who supported his re-election campaign.
GOP Congresswoman Nancy Mace criticized Biden for focusing on American citizens as threats to democracy in his speech, instead of addressing issues like Iran, China, and the wars he helped create. Conservative commentator Matt Walsh pointed out Biden’s hypocrisy in warning about the dangers of oligarchy while honoring billionaires like George Soros and Magic Johnson.
Others, like American Compass managing editor Drew Holden, noted that Biden’s warning about oligarchy rang hollow coming from the leader of a party fueled by billionaires. Former White House correspondent Ron Fournier also commented on the influence of the monied class in both major political parties.
Republican communicator Matt Whitlock highlighted the irony of Biden’s warning about power concentrated in the hands of a few wealthy individuals, given the Democratic Party’s history of receiving support from wealthy donors like George Soros and Arabella Advisors.
The criticism of Biden’s farewell address underscores the ongoing debate about wealth and power in American politics. While some may see Biden’s warning as a necessary call to action, others view it as hypocritical coming from a president with ties to wealthy donors. The White House did not immediately respond to requests for comment on the backlash.
