Biden Warns Oligarchy Forming in U-S

• "I want to warn the country [about] concentrated power in the hands of a few ultra wealthy people."
• Last week, he gave nation's highest civilian honor to George Soros.

Biden Disguised Farewell Address Attack on Elon Musk

President Joe Biden capped a half-century political career on Wednesday with a final Oval Office speech as he hopes to seal a legacy overshadowed by Democrats' failure to stop Donald Trump from returning to the White House.

Reuters reports Biden opened his speech with a familiar message - asking Americans to join together - but quickly warned about a dangerous concentration of wealth in the United States.

"Our system of separation of powers, checks and balances may not be perfect, but it has maintained our democracy for nearly 250 years, longer than any other nation in history that's ever tried such a bold experiment," Biden said.

But he warned of a "tech industrial complex" that is bringing an "avalanche of misinformation and disinformation, enabling the abuse of power." The free press, he added,"is crumbling."

Biden: "I want to warn the country [about] concentrated power in the hands of a few ultra wealthy people."

Last week, he gave our nation's highest civilian honor to George Soros. pic.twitter.com/OjqfHi7Rdh

— Greg Price (@greg_price11) January 16, 2025

Biden hands over power to Trump at noon on Monday. Trump has enlisted billionaire Elon Musk, who helped his election efforts, as a special adviser charged with cutting costs from the federal government.

The foreboding speech comes as Biden's Democratic Party has little leverage in national politics and Trump has nominated a slate of cabinet members who have pledged to upend traditional American alliances and governing norms.

🔥NEW: VDH tears Biden and his “oligarchy” warning to shreds:

"The subtext of that was that all of the so-called oligarchs that supported him in 2020 got tired of him."

Ouch.

"Mark Zuckerberg gave him $419 million to warp the 2020 election in key states, and he had no problem… pic.twitter.com/V7CqlsQPzv

— Western Lensman (@WesternLensman) January 16, 2025

Biden ran for president in 2020 as a transition figure, but opted at the unprecedented age of 80 to run for reelection, convinced he was the only Democrat who could beat Trump.

Forced out of the race in July after a disastrous debate against Trump, Biden has been blamed by some Democrats for their November wipeout, after Vice President Kamala Harris' whirlwind campaign lost every battleground state.