In the financial overhaul bill that is on the cusp of becoming law, House Democrats have included a largely overlooked provision that would create diversity czars to promote racial and gender hiring in federal agencies -- a move that has sparked concerns about racial quotas, government waste and charges that Democrats are attempting to politicize the Federal Reserve.The Democrats are working fulltime destroying this country and must be stopped.
The bill would establish an Office of Minority and Women Inclusion at each federal financial services agency to "ensure equal employment opportunity and the racial, ethnic and gender diversity" of the work force and senior management.
The diversity czars would also aim to "increase the participation of minority-owned and women-owned businesses in the programs and contracts" of each agency and conduct "an assessment" of those goals.
Each diversity czar would be a presidential appointee who must be confirmed by the Senate and have power "comparable to that of other senior level staff," the bill says.
In an editorial, The Wall Street Journal accused Rep. Maxine Waters, D-Calif., author of the provision, of trying to politicize the Federal Reserve.
"The Waters provision will also give Congress and the White House a new and powerful lever to influence the operation of the 12 regional Fed banks," the newspaper wrote. "Accusations of racial or gender indifference, much less outright bias, are politically deadly."
"With the threat of such an accusation in their holster, the Waters czars will have enormous clout to influence Fed governance and regulatory decisions, perhaps including monetary policy," the newspaper added.
Waters' office did not respond to a request for comment but the lawmaker vigorously defended the provision in a letter to the editor of The Wall Street Journal, saying the newspaper's critical editorial was "filled with misrepresentations, unsupported conclusions and outright distortions."
Larwyn’s Linx: A Christmas Prayer
5 hours ago
No comments:
Post a Comment