THE POSITION OF COMPTROLLER OF THE CURRENCY sounds as if it’s a purely ministerial job, but it isn’t, and a communist should not be nominated, let alone conformed for it. The position oversees 3,500 employees and, inter alia, exercises authority over bank account and lending rules. Confirmation is, however, what the illegitimate C.C.P. puppet-in-chief occupying the White House, Joe Biden, is attempting to do by nominating Soviet-born (Kazakhstan) Saule Omarova, who came to the U.S. in 1991 as an exchange student through Moscow State University. Today, Poor Dear claims to have been stateless when the communist regime collapsed as she was studying in the U.S.
Omarova has publicly proclaimed she wants to “end banking as we know it.” Poor Dear was grilled by the Senate Committee on Banking, Housing, and Urban Affairs on Thursday in some sort of confirmation ruse but had views that raised eyebrows.
Sen. John Kennedy (R-La.), for one, minced no words when he asked her if he should call her professor or comrade given her past membership in the Young Communists. She stated all kids were members, which is surely true, but her uncomforting follow-up on the matter was, “There is no record of me actually ever participating in any Marxist or communist discussions of any kind.” Except there apparently was as late as 2019 in a Marxist Facebook group, which she claims to not remember. In fairness, she did renounce her Soviet citizenship, although, again in fairness, renouncing a state that ceased to exist was redundant.
It turns out there’s more to know about Omarova. She was reportedly arrested on June 2, 1995 in Madison, WI for “retail theft,” a/k/a shoplifting at TJ Maxx, a misdemeanor crime. Her prosecution appears to have been deferred until some time in 1996, when the charge was dropped under their first offender program. A spokesperson noted the arrest was remote in time, arose from “a misunderstanding and a confusing situation,” and Poor Dear was “transparent” about it. They then countered that the reporting of the matter amounted to “tawdry behavior” despite it being a matter of public record.
So, okay, let’s let that go then, shall we? Here’s what’s truly disturbing about this Cornell Law School professor:
As recently as Oct. 2020, she authored a paper entitled, “The People’s Ledger,” which advocated a replacement of the nation’s private bank deposits and allowing the Federal Reserve System to control “systemically important prices” such as food, wages, and real estate. Now she backtracks it as “academic writing.” Sen. Elizabeth Warren (D-Mass.) helps her cause by blaming opposition to Omarova on “sexism, racism, [and]…Red Scare” akin to Sen. Joe McCarthy in the 1950s.
But McCarthyism aside, Sen. Tim Scott (R-S.C.) noted Omarova had proposed that policymaking in economics and ‘climate change’ be removed from Congress and given to a new federal bureaucracy she would call the “National Investment Authority.” It would, in effect, execute the so-called Green New Deal.
And, speaking of energy matters, Omarova had infamously stated “we” want fossil fuel companies to go bankrupt to tackle climate change. To Omarova, it’s “a tricky question” whether higher energy prices are good or bad for America. When probed further, she said she had “misspoke.” She really meant the opposite.
Much of what Omarova believes is foolish at best, dangerous at worst, but some in the G.O.P. were, IMO, needlessly hard on her position on cryptocurrency. They believe it can safeguard savings by negating inflation caused by irresponsible spending by lawmakers. Omarova, however, believes it lessens government control over money. Both are correct in their assertion; both are right in the outcome. This isn’t mutually exclusive.
Yet, Omarova is inconsistent in that she would appear to support a central bank digital currency (or CBDC, which sounds suspiciously like a cannabinoid-induced mental impairment of some type.) This could constitute an extremely concerning micromanagement of economic activity never before contemplated in this country.
Egad. Will the Biden parade of horribles ever end?
sua sponte 