Project Veritas

Biden’s Treasury Advisor Blames DEI Mandate for Bad Boss; ‘THIS ADMINISTRATION IS A MESS’

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Key Points

Key Quotes: Jonathan Dixon, Senior Advisor, Department of Treasury

  • “This administration is a mess. They don’t do smart things.”

  • “He [Wally Adeyemo, Deputy Secretary of Treasury] really feels like they were just rummaging in a bag and they were like, ‘cool, you kind of fit what we need.’”

  • “I guess she [Janet Yellen, Secretary of Treasury] was like, the optics are, I’m an old white lady. I’m going to choose a young black guy… it adds to this mandate the administration had to bring in as many diverse voices as possible.”

A top treasury official is making it rain – in embarrassing disclosures – about what “a mess” the Biden administration really is. Senior Advisor for the Department of Treasury, Jonathan Dixon, told our investigative journalist that the Biden Administration has pursued failing DEI (Diversity, Equity, and Inclusion) hiring initiatives to the detriment of his department, and the country.

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“This administration is a mess. They don’t do smart things… They did not staff [the Department of] Treasury well.”

The Department of Treasury is led by a historic duo – Janet Yellen as the first female secretary, serving with the first black deputy, Adewale (Wally) Adeyemo.

But Yellen’s pick for number two, Dixon says, was chosen purely for optics.

“I guess she was like, the optics are, I’m an old white lady. I’m going to choose a young black guy… it adds to this mandate the administration had to bring in as many diverse voices as possible.”

Yellen and Adeyemo

Dixon doesn’t think Adeyemo has what it takes to do the job.

“He [Adeyemo] really feels like they were just rummaging in a bag and they were like, ‘cool, you kind of fit what we need.’”

Septuagenarian Janet Yellen has passed half her duties to Adeyemo – despite his bad ideas, bad instincts, and previously failed economic initiatives, says Dixon.

“She’s an old woman. She split basically her duties in two. So, she takes all of the econ side and everything with money. And she left everything international to her deputy. [The] deputy is really young, he’s 40. So, he’s like, young guy, not the best…he has really bad instincts.”

Adeyemo joined the Treasury Department in 2009 and rose through the ranks to become a chief negotiator for Obama’s Trans Pacific-Partnership, a proposed trade agreement which Democrats ultimately rejected.

“His big claim to fame was a failed initiative under the Obama administration… are we seriously trying to choose the guy who did that?”

Despite Adeyemo’s prominent positions in government, as a senior advisor at Black Rock, and most recently as president of the Obama Foundation, Dixon describes a Treasury Department of staffers who don’t take their boss seriously.

“‘Wally has ideas,’ and it’s like, ha ha. ‘They’re never good are they? We don’t say that, but yes.’”

Adeyemo currently oversees this administration’s Inflation Reduction plan. Time will tell if his efforts can make a meaningful difference for penny-pinching Americans.

Until then, Dixon says all that glitters is not gold in Treasury - and he’s on his way out.

“It’s all a clown show… I’ve got my ten years in and I’m starting to look [for other jobs].”


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Project Veritas is a non-profit investigative news organization conducting undercover reporting. Project Veritas investigates and exposes corruption, dishonesty, self-dealing, waste, fraud, and other misconduct in both public and private institutions to achieve a more ethical and transparent society. Project Veritas is a registered 501(c)(3) organization.