Democrats Planning to Block Biden's Marxist Banking Nominee
Five Democratic senators plan to vote against radical leftist nominee Saule Omarova
Several Democrats are planning to go against Joe Biden and vote down his radical Marxist nominee to lead the Office of the Comptroller of the Currency, according to reports.
Five moderate Democratic senators have reportedly declared that they will not support Biden's communist-born pick for bank regulator, Saule Omarova.
The move will undoubtedly sink Omarova's nomination.
During a tense Senate hearing last week, Omarova denied she was a communist under questioning by Republicans.
Omarova's background in Soviet Kazakhstan has been under scrutiny ever since the Cornell law professor was tapped to be the comptroller of the currency.
In a phone call on Wednesday, three members of the Senate Banking Committee - Jon Tester (D-Mont.) Mark Warner (D-Va.) and Kyrsten Sinema (D-Ariz.) - told the panel's chairman Sen. Sherrod Brown (D-Ohio) of their opposition, according to Axios.
A White House official informed Axios that the Biden administration “continues to strongly support her historic nomination.”
"Saule Omarova is eminently qualified for this position.
"She has been treated unfairly since her nomination with unacceptable red-baiting from Republicans like it’s the McCarthy era.”
However, as recently 2019, Omarova tweeted in support of communism.
"Until I came to the US, I couldn’t imagine that things like gender pay gap still existed in today’s world," she posted.
"Say what you will about old USSR, there was no gender pay gap there.
"Market doesn’t always ‘know best.’”
She was also a member of a Facebook group for Marxist and socialist discussion in 2019, according to a post in the group called "Marxist Analysis and Policy."
On October 6, Sen. Pat Toomey (R-PA) asked Omarova to turn over her thesis completed at Moscow State University titled “Karl Marx’s Economic Analysis and the Theory of Revolution in The Capital.”
He stated, “While it appears that you have deleted any reference to your thesis in the version of your curriculum vitae (CV) that is currently available on the Cornell Law School website, the paper appeared on your CV as recently as April 2017.”
A spokesperson for the Senate Banking Committee Republicans confirmed to Fox Business that Omarova has not yet submitted the document.
In March 2021, Omarova said she wants oil and gas companies to go bankrupt.
"Here, what I’m thinking about is primarily coal industry and oil and gas industry,” she asserted in a clip provided by the American Accountability Foundation (AAF).
"A lot of the smaller players in that industry are going to probably go bankrupt in short order, at least we want them to go bankrupt if we want to tackle climate change."
Norbert Michel, who directs the Cato Institute’s Center for Monetary and Financial Alternatives, told The Daily Wire that as Comptroller of the Currency, Omarova and other officials could allocate “credit and funds.”
He surmised that if that became a reality, “the private sector could not compete with the federal government,” adding, “The danger is that private banks would not be able to provide better interest rates to customers and charge lower rates to make loans.
"It would be a matter of policy that decided private banks’ fate.”
"Many of her writings make no distinction between bank size, and it is clear her policies would turn all private banks into state-run institutions,” he concluded.