Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Flashback: Top five wildest moments from Elon Musk’s...
Less than half of DOGE-terminated contracts can be...
Jill Biden should have to answer for ‘cover...
DOGE staffing shakeup as Elon Musk hangs up...
State Dept says DOGE’s changes will be permanent...
President Trump teases ‘last day, but not really’...
Trump denounces court’s ‘political’ tariff decision, calls on...
I’m a physician and I’m worried that our...
Inside the late-night drama that led to Trump’s...
Alleged attempt to impersonate White House chief of...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Politics

‘New sheriff in town’: State finance leader rallies around key Trump victory saving ‘taxpayer dollars’

by admin May 8, 2025
May 8, 2025
‘New sheriff in town’: State finance leader rallies around key Trump victory saving ‘taxpayer dollars’

President Donald Trump’s executive order ending diversity, equity and inclusion (DEI) programs in the federal government has returned financial power to the people, OJ Oleka, CEO of the State Financial Officers Foundation, told Fox News Digital. 

Oleka said there’s a ‘new sheriff in town’ and that Trump is ‘making good’ on his promise to eliminate DEI by shifting financial policies ‘away from the left and back to the center,’ empowering state financial officers and building trust with the American people. 

‘We know that when companies focus on business, their business does better. If their business does better, shareholders make more money, their employees have a better quality of life within their business and their consumers get a better product,’ Oleka told Fox News Digital at the State Financial Officers Foundation conference in Orlando, Florida. 

Oleka said focusing on financial returns and merit-based incentives over DEI or environmental, social and governance (ESG) policies creates ‘more money for shareholders, better culture in the office for employees and better products for consumers and customers,’ exactly what state financial officers have been asking for. 

‘The American people want every individual to succeed,’ Oleka said. ‘They want people to succeed on their merit, on their ability, on their skill. It’s very important to us as Americans. But what they don’t want is for people to get preferences just because of some political ideology.’ 

He said there are misconceptions about DEI ‘because people hear diversity, equity and inclusion, and they think, ‘Well, those are good things. I support diversity. I want people to be included, and people should have the resources that they need.’

‘To be very clear, when we’re talking about DEI, we’re saying that DEI is trying to provide racial or gender preferences for people based on past grievances. It effectively has nothing to do with merit or looking at somebody’s skill for a job or for an opportunity.’ 

Equal opportunity is giving people access to create their own opportunities, to try to be as successful as they can be with their skills, ability and merit, according to Oleka. 

Oleka explained that DEI is subjective because it prefers ‘folks based on what you think is important, based on your own politics.’

‘It’s bad to say, from a company’s perspective, ‘Let’s just hire people based on race, based on gender,’ as opposed to skill and ability,’ Oleka said.

‘It’s bad because it can harm the performance of what that company actually does with their business responsibilities. That matters to our financial officers because they invest in a lot of these companies. It’s their job as fiduciary leaders to make sure that the pensions that they invest, the public funds that they invest by virtue of their positions, are actually done so by companies and with funds where the returns are going to be high.

‘We can’t guarantee that the returns are going to be as high as they can be if the companies aren’t even focusing on their specific mandate, on their responsibility. Instead, they’re focusing on their politics and trying to force an ideology or social agenda through their businesses. That’s not what business is for.’ 

Oleka said his experience as someone with a Ph.D. in higher education who is also the son of Nigerian immigrants informs his rejection of political ideology or agendas in government-funded programs, including in public education, because these policies don’t improve students’ learning experience or academic performance. 

‘That doesn’t actually contribute to kids’ learning,’ Oleka said. ‘It doesn’t contribute to human flourishing. There really is no reason why people’s taxpayer dollars should be spent on that.’

Oleka told Fox News Digital the Orlando conference was critical to reminding state financial officers across the country they are not alone in pushing back against DEI and ESG policies that were promoted by former President Joe Biden’s administration. 

‘It goes back to what I think most Americans believe. Their state government is closer to them than the federal government,’ he said. ‘As a result, state leaders should have more power, as it relates to their finances, than the federal government, and what a state leader should do with that power is give it back to the people.’

By empowering state financial officers to focus on financial returns and fiduciary duty instead of ideology and politics, Oleka said more Americans are incentivized financially. 

‘It’s important that we have that same kind of leadership in the White House at the state level, making good on their promise to bring a Golden Age to America and to each state,’ he said. 

This post appeared first on FOX NEWS

previous post
Trump announces MAHA advocate Casey Means will be new surgeon general nominee
next post
Trump to rename Persian Gulf the Arabian Gulf ahead of US-Iran nuclear talks, Middle East trip: report

You may also like

George Washington’s sacred tradition, a gift to every...

November 1, 2024

American journalist detained in Iran as Supreme Leader...

November 3, 2024

Trump touts foreign policy chops at Fox News...

September 5, 2024

On third anniversary of Ukraine invasion, European leaders...

February 24, 2025

Cruz says UN draft resolution against Israel is...

November 19, 2024

Independents RFK Jr., Tulsi Gabbard to spin for...

September 10, 2024

Timeshare terror leaves retired couple $50K in the...

December 25, 2024

Kash Patel takes reins at scandal-ridden FBI with...

February 22, 2025

Judge blocks Trump’s EPA from terminating $14 billion...

March 19, 2025

Far left wants to crush PayPal, Zelle and...

August 28, 2024

Recent Posts

  • Flashback: Top five wildest moments from Elon Musk’s DOGE tenure as it comes to an end
  • Less than half of DOGE-terminated contracts can be publicly tracked, only about a quarter of grants: watchdog
  • Jill Biden should have to answer for ‘cover up’ of former president’s decline, White House says
  • DOGE staffing shakeup as Elon Musk hangs up his hat, White House confirms
  • State Dept says DOGE’s changes will be permanent amid Musk’s departure

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (751)
    • Investing (2,211)
    • Politics (2,729)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 Sightful Invest. All Rights Reserved.