https://issuesinsights.com/2021/11/19/the-white-houses-hammer-and-sickle/
Thursday’s Senate confirmation hearing on Saule Omarova, President Joe Biden’s choice to be comptroller of the currency, confirmed that she is the wrong person for the job. Flags the color of those that once were raised over Moscow were flying throughout the three-hour session.
Omarova is a professor of regulation of financial institutions, banking law, international finance, and corporate finance at Cornell. As comptroller of the currency, she would ensure that the “federal banking system operates in a safe and sound manner.”
The White House says she “is eminently qualified and was nominated for this role because of her lifetime of work,” and is “a leading academic” in her field.
Her critics, however, see someone whose policy positions are far out of step with a market economy.
Britain’s Daily Mail has labeled her “Biden’s new comrade.” Townhall’s Katie Pavlich says Omarova is a “Communist” who “wants all bank accounts to be controlled by the Fed.” South Carolina Republican Sen. Tim Scott said during Thursday’s hearing that “I cannot think of a nominee more poorly suited to be the comptroller of the currency based solely on your public positions, statements and the weight of your writings than you are.”
The Kazakhstan-born Omarova, educated at Moscow State University, where she had a Lenin Personal Academic Scholarship, which “recently disappeared from her resume,” and also at the University of Wisconsin-Madison and Northwestern University, has described herself as a “free-market idealist.” She swears she knows “that Soviet-style communism doesn’t work.”
“I’ve lived through it. That system was deeply flawed. It’s dead.”
Yet she envisions the creation of “National Investment Authority,” which would bypass Congress and use public and private resources to fund “vital infrastructure and the real economy.”