Why is Biden so Oddly Silent about the Ohio Train Disaster?
The environmental disaster taking place in Ohio from a Norfolk Southern derailed train should outrage both sides of the political aisle. After the smoke clears, investigations will take place and most likely will show that there is plenty of blame to be shared, including all levels of government and both political parties.
But at the moment, the complete lack of any significant response by the Biden administration is appalling and begs the question of why an administration that is hostile to the free market and supports extreme measures to fight climate change is missing in action. Could it be that some of the largest shareholders of the responsible railroad, Norfolk Southern Corporation, are tied to PACs and affiliates that helped fund the 2020 election of the Biden administration? If true, then isn’t it reasonable to conclude that by such donations, these shareholders, through their PACs and affiliates, support the Biden administration?
According to various sources, top shareholders in Norfolk Southern Corp. are the Vanguard Group, and subsidiaries of BlackRock and JP Morgan. Specifically, as of this week, CNNMoney.com lists the Vanguard Group, Inc. as the top shareholder with 7.68%. BlackRock Fund Advisors and JPMorgan Investment Management tie at 4.54% as other top investors.