Biden sets up ‘equity’ task force to further racialize economic policy

President Biden is promising to hand out more government favors based on race with a new “equity” task force at the Treasury Department.

The new panel will give woke professors and non-profit leaders a seat at the table in setting the administration’s economic agenda.

Biden racializes economic policy

Speaking like a woke graduate student, Treasury Secretary Janet Yellen said the committee would ensure that policy reflects the “lived experiences” of the so-called oppressed.

“A critical piece of executing on our racial equity goals is bringing a wide set of outside perspectives and lived experiences to the decision-making table,” she said.

The task force includes a number of woke academics and non-profit leaders such as Felica Wong, president and CEO of the Roosevelt Institute and an advocate of defunding police, and Georgetown professor Dorothy Brown, author of The Whiteness of Wealth: How the Tax System Impoverishes Black Americans–and How We Can Fix It.

Reflecting the “equity” agenda’s focus on equal outcomes, the White House said the task force will address “unfavorable conditions” in minority areas by advocating “financial inclusion, access to capital, housing stability, federal supplier diversity, and economic development.”

Harris touts “equity” push

The Biden administration has already steered billions of dollars in investment capital to minority neighborhoods, as vice president Kamala Harris was happy to point out Tuesday.

“So let’s deal with that disconnect — which we also refer to as disparities, because we see that people in our country are having an experience that is not equal.  And that’s why we talk about equity, because we recognize not everybody starts out on the same base,” she said.

Harris also announced that the administration’s private sector partners in the so-called Economic Opportunity Coalition, which includes Bank of America and Netflix, would begin investing $1 billion in minority areas.

Doubling down

She also announced a new order from the Office of Management and Budget for every single federal agency to direct 12 percent of their contracting budgets to minority-owned businesses, among other steps.

Biden promised to make “equity” his guiding principle early on, and he has delivered with a series of controversial, race-based subsidies. The administration’s doubling down on “equity” comes even as it struggles to defend comments from Harris suggesting that white people recovering from Hurricane Ian would receive lower priority from the Biden administration.

“It is our lowest-income communities and our communities of color that are most impacted by these extreme conditions,” Harris said. “We have to address this in a way that is about giving resources based on equity, understanding that we fight for equality, but we also need to fight for equity.”