Critics are voicing their concerns over President Biden’s Treasury Department, accusing it of prioritizing “diversity, equity, and inclusion” goals over the nation’s economic health and wealth.
Critics Slam Biden’s Treasury Department
Biden’s Treasury Department’s recent hiring of woke functionaries to focus on equity initiatives has drawn criticism and raised questions about the true purpose of the department, New York Post reported.
Critics argue that the department’s equity-focused approach undermines its primary objective of protecting and expanding national prosperity for all citizens.
Critics also argue that the initiatives of Biden’s Treasury Department are politically motivated and result in the allocation of government resources and enforcement actions that disproportionately benefit Democratic voting blocks.
Diane Lim, a self-described intersectional economist, was appointed as the head of the department’s newly established “Equity Hub,” a position that will involve coordinating efforts to advance equity within Treasury’s work. These appointments have sparked concerns about excessive spending and wastefulness.
Representative Nicole Malliotakis (R-NY) said that this is just another example of the unprecedented level of wasteful spending by the Biden Administration that’s fueled inflation.
Mike Gonzalez, a fellow at the Heritage Foundation, expressed concern about the concept of equity as defined by critical race theory.
Biden’s Treasury Department Equity Initiatives
Biden’s Treasury Department’s equity initiatives have resulted in the addition of numerous civil-rights officials. Currently, there are at least 19 executive-level employees and 25 unpaid members serving on the Treasury Advisory Committee on Racial Equity, another creation of the Biden administration.
Biden’s Treasury Department has also established various offices, such as the Office of Minority and Women Inclusion, with Lorraine Cole serving as the director, and the Office of Civil Rights and Equal Employment Opportunity, led by acting director Tina Lancaster.
Additionally, each of the 17 Treasury bureaus has its own Equal Employment Opportunity (EEO) director, contributing to what critics describe as a growing deep state of equity officers.
Ted Frank, a public interest attorney with the Hamilton Lincoln Law Institute, expressed concern over the expanding bureaucracy, stating that they’re creating a whole deep state of equity officers.
Biden’s Treasury Department commitment to equity is further reflected in its revised federal procurement rules, which prioritize equity and supplier diversity. By prioritizing these factors, the department has shifted away from the previously emphasized efficiency and savings.
Mike Gonzalez summed up the sentiment by stating, “If this is Bidenomics, then it is a disaster.”