Wednesday, January 29, 2025

“Oligarchy taking shape in America,” says President Joe Biden in farewell address


Washington DC:

Outgoing US President Joe Biden gave his farewell address to the nation from the Oval Office on Wednesday and warned Americans about a “dangerous concentration of power” among a few wealthy people in the United States.

“Today, an oligarchy is taking shape in America of extreme wealth, power and influence that literally threatens our entire democracy, our basic rights and freedom and a fair shot for everyone to get ahead,” Biden said.

The President is leaving office with a low approval rating – though higher than his predecessor and successor did. Biden’s term officially ends on January 20 with Donald Trump’s inauguration.





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