Saule Omarova, Joe Biden’s anti-free market, pro-communism nominee for Comptroller of the Currency, has decided to drop out of contention and withdraw her nomination for the job.
In October, I wrote about Omarova’s deep love of communism and her desire to eliminate the free market banking industry she would have been responsible for running had she been confirmed.
Omarova is a graduate of Moscow State University where she attended on the Lenin Personal Academic Scholarship and, apparently, developed her love of the Soviet economic system as superior to the American free market. In 2019, she tweeted:
Until I came to the US, I couldn't imagine that things like gender pay gap still existed in today's world. Say what you will about old USSR, there was no gender pay gap there. Market doesn't always "know best." https://t.co/vvnx9DZICN
— Saule Omarova (@STOmarova) March 31, 2019
“Until I came to the US, I couldn’t imagine that things like gender pay gap still existed in today’s world. Say what you will about old USSR, there was no gender pay gap there. Market doesn’t always ‘know best.’”
It is Omarova’s belief that asset prices, pay scales, capital and credit be dictated by the federal government, not the free market.
Omarova once proposed having the Federal Reserve assume full control over consumer bank deposits to “effectively ‘end banking’ as we know it,” and then use that money to create “the ultimate public platform for generating, modulating, and allocating financial resources in a modern economy.”
During her November confirmation hearing before the Senate Banking Committee, we learned that Omarova once also wanted to create a “National Investment Authority” to finance a “big and bold” climate agenda, an agenda that would eventually destroy the U.S. oil and gas industry by forcing it into bankruptcy (via New York Post):
President Biden’s controversial, Soviet-born pick to lead a key branch of the Treasury Department admitted in a newly unearthed video that she “wants” traditional fuel industries “to go bankrupt.”
Saule Omarova, Biden’s pick to be the comptroller of the currency, was filmed calling coal, oil and gas “troubled industries” in which “a lot of the small players … are going to probably go bankrupt.”
“At least, we want them to go bankrupt if we want to tackle climate change, right?” she said in the now-viral clip. (emphasis mine)
To prevent Biden and Omarova from playing the “taking my words out of context” game, the American Accountability Foundation posted a clip on their Twitter account where Omarova clearly states that “the way we basically get rid of those carbon financiers is we starve them of their sources of capital.”
Biden nominee Saule Omarova saying the quiet part out loud. On the oil, coal and gas industries:
"We want them to go bankrupt if we want to tackle climate change." pic.twitter.com/luMR2HEMK9
— BidenNoms, A Project of AAF (@bidennoms) November 9, 2021
Much like her anti-free market, pro-communism desire to eliminate banks, Omarova also wanted to use her position as Comptroller to eliminate free market oil and gas production and place the industry under the tyrannical thumb of Washington. If she had been confirmed, she would have reversed U.S. dominance in the oil and gas industry, making America more dependent on foreign sources for energy while weakening national security in the process.
However, in a rare Washington moment where truth defeated the far-left agenda, Saule Omarova told Joe Biden in a letter yesterday that she has decided to drop out of contention for the job.
As you might expect, Biden responded to Omarosa’s decision to drop out by invoking combative remarks made by members of both parties about her nomination:
“As a strong advocate for consumers and a staunch defender of the safety and soundness of our financial system, Saule would have brought invaluable insight and perspective to our important work on behalf of the American people. But unfortunately, from the very beginning of her nomination, Saule was subjected to inappropriate personal attacks that were far beyond the pale.”
Yeah, it’s so inappropriate to defend liberty. Eh, Joe?
By the way, another troubling piece of Saule Omarova’s agenda was her desire to create a central bank digital currency to be controlled by her newly created centralized bank — much like a plan recently launched by the Bank of Canada — that would have strengthened government’s control over our ability to buy and sell by eliminating the use of cash and creating a fully cashless society.
Saule Omarova’s anti-free market, pro-communism agenda would have been a perfect fit for Biden’s goal of giving government complete control over our ability to buy and sell, which is why the administration nominated her in the first place.
This isn’t Biden’s first far-left extremist nominee to fall through. Neera Tanden withdrew her nomination for director of the Office of Management and Budget after thousands of since-deleted tweets attacking members of both parties were discovered.
Biden also withdrew David Chipman’s nomination to lead the Bureau of Alcohol, Tobacco, Firearms, and Explosives after his anti-gun, anti-Second Amendment activism came to light during confirmation hearings.
Even with Omarova dropping out of consideration for the comptroller gig, Biden still has other liberty-killing plans up his sleeve.
For example, under Biden’s financial surveillance plan that I refer to as the Patriot Act for the IRS, Treasury Secretary Janet Yellen — the person Saule Omarova would have reported to if she had been confirmed — has joined Elizabeth Warren and other anti-free market lovers of communism to push the vast, intrusive financial surveillance system included in his Build Back Better plan.
If BBB becomes law, the IRS will receive billions of dollars to add thousands of new tax cops to the Treasury Department in order to make it easier for the agency to
enforce the tax code spy on the finances of nearly every American.
The Joe Biden presidency has been good news for the anti-liberty, anti-free market, pro-Communism agenda of the far-left, but bad news for those dedicated to the self-evident truths of God-given life, liberty, and the pursuit of happiness.
Now, more than ever, we need to fight and take back the liberty we’ve lost if we are to ever see America return to the principles of her founding: limited government, fiscal, social, and constitutional conservatism, family values, traditional marriage, and Judeo-Christian values.
David Leach is the owner of the Strident Conservative. He holds people of every political stripe accountable for their failure to uphold conservative values, and he promotes those values instead of political parties.