Biden farewell speech : Key lines from President Joe Biden’s farewell address
“Oligarchy Taking Shape In America,” Says President Joe Biden In Farewell AddressJoe Biden referred to Donald Trump’s close ties to billionaire Elon Musk and other tycoons, he said “a dangerous concentration of power” is taking shape in America.
“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.
In a veiled reference to incoming President Trump’s close ties to billionaire Elon Musk and other tycoons, he said an “oligarchy is taking shape in America” — and “a dangerous concentration of power.”
Biden farewell speech
🚨 NOW: Joe Biden starts off his farewell speech by DESPERATELY trying to take credit for Trump’s ceasefire deal
Absolutely NOBODY believes Biden made this happen just DAYS before Trump takes office 🤣
This is the direct result of the Trump effect. Even Biden’s own State… pic.twitter.com/GckwVTE54q
— Nick Sortor (@nicksortor) January 16, 2025
“Americans are being buried under an avalanche of misinformation and disinformation, enabling the abuse of power,” he said, adding that “the free press is crumbling. Editors are disappearing.”
He said that social media is giving up on fact-checking. “The truth is smothered by lies- told for the power and profit. We must hold the social platforms accountable to protect our children, our families and our very democracy, from the abusive power,” he said.
In his speech, Biden warned of “a dangerous concentration of power in the hands of a few ultra-wealthy people” and “dangerous consequences if their abuse of power is left unchecked”.
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.