(NewsBroadcast.com) – Ever since President Joe Biden started picking key members of his administration, he’s been raising more than a few eyebrows with his nominees. Many have sparked controversy and opposition due to their radical viewpoints that Conservatives fear will have a devastating impact on our economy and society. The latest pick to fall under serious scrutiny is Saule Omarova, who Biden nominated to fill the Comptroller of Currency role, a regulatory position overseeing the nation’s banks.
Saule Omarova is a Cornell University law professor who previously worked for the Treasury Department during George W. Bush’s presidency. On paper, she looks to be a good fit for the position, but several things in her past may prevent her from ever passing a confirmation hearing.
History of Radicalism
Saule Omarova’s nomination is rife with controversy for more than one reason. The latest point of contention comes from a comment she made in March, while attending the Jain Family Institute’s Social Wealth Seminar. When talking about oil companies and going green, she blatantly stated, “we want them to go bankrupt if we want to tackle climate change.”
Joe Biden's nominee for the Comptroller of the Currency Saule Omarova on oil, coal and gas industries: "We want them to go bankrupt if we want to tackle climate change."
Those industries are responsible for MILLIONS of Americans' paychecks.pic.twitter.com/37DYwoFw8m
— Steve Guest (@SteveGuest) November 9, 2021
Omarova later walked back her comments, but as anyone knows, what you say in today’s political environment will follow you for years, if not decades. Because her words came at a time when key developments, such as the cancelation of the XL pipeline, sparked worries for those in the industry, it’s harrowing to think how someone could advocate for a move that would affect millions of people financially. It’s not just about oil companies, but all of the cogs in the machine, everyone who depends on a paycheck. Taking into consideration COVID-19 and subsequent unemployment rates, this was a highly irresponsible statement to make.
Omarova’s radicalism isn’t anything new, though. She attended Moscow State University, where she wrote her dissertation on Karl Marx, and she’s so far refused to turn over a copy at Senator Pat Toomey’s (R-PA) request as part of the vetting process. Biden’s nominee has also spoken out in favor of the old USSR economic model, saying the US should look to the model for inspiration.
Perhaps most radical of all, even over her comments about oil companies going bankrupt, is a paper Omarova wrote in 2020, titled “The People’s Ledger: How to Democratize Money and Finance the Economy.” In it, she outlines how community banks should be done away with in favor of building up the Fed. Doing so would destroy community institutions and the millions of people who use it for personal and small business banking.
For her part, Omarova says her statements are misunderstood but is that a risk Americans can afford to take? Currently, no Republicans intend to vote in her favor, which means she’ll need approval from every Democrat. With Joe Manchin (D-WV) and Kyrsten Sinema (D-AZ) concerned about her nomination, it doesn’t seem likely Biden’s nomination will succeed.
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