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Joe Biden Warns Of ‘Ultra-Rich Oligarchs’ Taking Over US Under Trump

Joe Biden, who assumed duties as the US President on January 20, 2021, is set to vacate the position for Donald Trump , who will be replacing him in a few days

Editor Ritam English by Editor Ritam English
Jan 16, 2025, 09:34 am IST
Joe Biden, who assumed duties as the US President on January 20, 2021, is set to vacate the position for Donald Trump

Joe Biden, who assumed duties as the US President on January 20, 2021, is set to vacate the position for Donald Trump

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Joe Biden, who assumed duties as the US President on January 20, 2021, is set to vacate the position for Donald Trump , who will be replacing him in a few days.  Biden gave his farewell speech to the nation and spoke about several issues concerning America’s future. US President Joe Biden used his farewell address to the nation Wednesday to warn of an “oligarchy” of the ultra-wealthy taking root in the country and of a “tech-industrial complex” that is infringing on Americans’ rights and the future of democracy.Speaking from the Oval Office, Biden sounded alarm over an oligarchy he said “is taking shape in America.”

Invoking President Dwight Eisenhower’s warnings about the military-industrial complex when he left office, he added, “I’m equally concerned about the potential rise of a tech-industrial complex that could pose real dangers to our country as well.” President Joe Biden delivered a farewell address to the nation Wednesday night, seizing what may be his final opportunity to reshape Americans’ grim views on his term before he departs the White House.

His speech in the Oval Office is the latest in a series of remarks on domestic policy and foreign relations that are intended to cement his legacy. He heralded a long awaited ceasefire agreement between Israel and Hamas, which could end more than a year of bloodshed in the Middle East. Biden said, “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”.

“Nowhere else on Earth could a kid with a stutter from modest beginnings in Scranton, Pennsylvania, and Claymont, Delaware, one day sit behind the Resolute Desk in the Oval Office as President of the United States,” Biden wrote in his letter.

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