President Joe Biden has warned of a “dangerous concentration of power” amongst a couple of rich folks in the US in his farewell handle to the nation.
With out naming president-elect Donald Trump, Mr Biden mentioned: “Today, an oligarchy is taking shape in America of extreme wealth, power and influence that really threatens our entire democracy, our basic rights and freedom and a fair shot for everyone to get ahead.”
Throughout his speech from the Oval Workplace within the White Home, the president mentioned there was “a dangerous concentration of power in the hands of a few ultra-wealthy people” and warned of “dangerous consequences if their abuse of power is left unchecked”.
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Joe Biden’s farewell speech in full
Though he didn’t give names, a number of the world’s richest people and tech titans have flocked to Mr Trump’s facet, significantly since his election win in November.
Elon Musk, the world’s richest man, spent greater than $100m serving to Mr Trump get elected, and Meta CEO Mark Zuckerberg and Amazon CEO Jeff Bezos have additionally donated to Mr Trump’s inauguration.
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Donald Trump and Elon Musk. Pic: AP
Throughout his handle Mr Biden additionally warned of a “tech-industrial complex” he mentioned was bringing an “avalanche of misinformation and disinformation, enabling the abuse of power”, following social media firm Meta scrapping its fact-checking programme within the US and loosening its hate speech tips.
The president mentioned the US Structure needs to be amended to say no president ought to have immunity for crimes dedicated in workplace, after the Supreme Court docket granted Mr Trump safety final yr from legal legal responsibility over his function in attempting to undermine his loss to Mr Biden in 2020.
Evaluation: Trump doing his greatest to undermine Biden as outgoing president tries to shine his legacy
Biden takes credit score for Israel-Hamas ceasefire deal
Mr Biden additionally took credit score for the ceasefire deal between Israel and Hamas that can see the discharge of Israeli hostages for tons of of Palestinian prisoners.
“This plan was developed and negotiated by my team, and it will be largely implemented by the incoming administration,” he mentioned.
“That’s why I told my team to keep the incoming administration fully informed, because that’s how it should be – working together as Americans.”
He made the remarks after Mr Trump claimed credit score for the breakthrough in negotiations
Throughout his farewell speech Mr Biden mentioned: “It will take time to feel the impact of all we’ve done together, but the seeds are planted and they’ll grow and they’ll bloom for decades to come.”
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Mr Biden with Vice President Kamala Harris. Pic: AP
Mr Biden beat Mr Trump to develop into president in 2020, however determined to run for reelection in 2024 on the unprecedented age of 80.
He was later compelled out of the race following a disastrous debate with Mr Trump and his substitute, Vice President Kamala Harris, went on to lose each battleground state to Mr Trump.
