Biden’s Banking Nominee Would Pursue Soviet Economics | RealClearPolitics
Rather than answer serious congressional inquiries about whether she is the right fit for OCC, Omarova has attacked duly-elected members of Congress whose voters empower them to serve their interests. By refusing to answer basic questions about her work and worldview, Omarova has obstructed the constitutionally prescribed legislative process.
Born in Kazakhstan, a former Soviet republic, and educated at Moscow State University on the Lenin Personal Academic Scholarship, Omarova is a Cornell University law professor. America is a nation of immigrants who achieve the American dream through hard work and perseverance. Yet Omarova pulls her magician s shiny object, a xenophobic sexist label, as a cudgel against anyone who disagrees with her regulatory philosophy.
Omarova s self-expressed desire to radically democratize access to money and control over financial flows in the nation s economy would be achieved by centralizing control over all financial institutions. She believes the federal government should determine asset prices, wages, capital, and more a move that would devastate American free enterprise and global competitiveness.
She’s probably not a Communist any more. After all, she is a law professor and at an Ivy League university besides. Probably just a Democratic Socialist. Nobody calls it communism anymore anyway. We’re all Democratic Socialists now. To say she’s a Communist would either border on, or just be, xenophobia. What are you, some kind of Kazakhstani hater or something? “Radically democratiz[ing] access to money” sounds like either hyperinflation or a massively controlled CBDC, which would not be fun IMHO.
Better would be someone like the guy I knew who got the German embassy to sell him a prime piece of property, I’m guessing at a great price, soon after he left his job running the OCC. Perhaps we can hope for something like that if the winner of the Lenin Scholarship gets this job, and we probably can. At least the American system has that going for it.