Black Bankers Push Biden Team to Secure Top Jobs for Minorities Robert Schmidt November 20, 2020
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Black Bankers Push Biden Team to Secure Top Jobs for Minorities
(Bloomberg) -- Black financial executives are pushing back against progressive Democrats’ demand that President-elect Joe Biden’s administration exclude anyone with corporate ties.
They argue that shutting out finance-industry executives would unfairly disqualify experienced minority candidates from top jobs in the new government. The campaign is focused on senior White House staff posts, as well as the heads of agencies like the Treasury Department and the Securities and Exchange Commission.
“All of these leadership positions play a critical role in the development of economic policy in an administration and the execution of goals, strategies and practices that impact all Americans,” the groups wrote in a letter to Biden sent on Wednesday. “Unless you are intentional about leveraging inclusion as a strategy to navigate the intersecting dynamics of race, economy, inequality and power, we will not address these issues with the best minds possible.”
Biden, who’s widely considered a moderate, has yet to announce ethics rules for staffing the administration, though his transition has banned lobbyists, with some exceptions. The letter highlights how the president-elect and his team have to navigate a tricky path while conducting the fullest search possible to form a government they’ve promised will be reflective of the U.S. population.
a person standing in front of a television: President-Elect Biden And VP-Elect Harris Deliver Remarks In Wilmington, DE© Photographer: Joe Raedle/Getty Images North America President-Elect Biden And VP- Elect Harris Deliver Remarks In Wilmington, DE Joe Biden and Kamala Harris following a meeting with the National Governors Association’s executive committee on Nov. 19.
Photographer: Joe Raedle/Getty Images
“President-elect Biden will build a diverse administration that looks like America, starting with the first woman of South Asian descent and the first Black woman to serve as Vice President-elect,” said Cameron French, a transition spokesman. “As he did during the campaign to his transition, Joe Biden will be intentional in finding diverse voices to develop and implement his policy vision to tackle our nation’s toughest challenges.”
The request by the financial groups follows another recent one by the Washington Government Relations Group, a trade association of African American lobbyists. It sent a letter last week to leaders of the Congressional Black Caucus, asking for their help advocating against the progressives’ call for barring registered lobbyists from the Biden administration.
A stint in government often helps propel people to high-level private sector jobs. But on the flip side, experience in the corporate world can be beneficial for government work, giving policy makers insight into an industry they are charged with overseeing.
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Poster Comment:
Banksters, black or white, are the biggest crooks ever to walk the face of the Earth.