Ricochet is the best place on the internet to discuss the issues of the day, either through commenting on posts or writing your own for our active and dynamic community in a fully moderated environment. In addition, the Ricochet Audio Network offers over 50 original podcasts with new episodes released every day.
Comrade Comptroller Crippling Country
Biden’s communist Comptroller of the Currency candidate is ideologically consistent and has said the quiet parts out loud for years. Saule Omarova is has let her red flag fly free, like she was back in the USSR, at least since 2017. So, it should not surprise you to find her on camera talking about bankrupting and throwing the entire American petroleum industry, all those well-paid private-sector workers, out of work. This is entirely consistent with the current actions of the penthouse progressive big bankers, choking off oil and gas project loans. Omarova is also perfectly aligned with the Build Back Better Act, now made more likely to pass by Kevin McCarthy and his motley crew of thirteen who helped the Congressional Progressive Caucus pass the infrastructure bill, clearing away Senator Joe Manchin’s biggest objection, as he stated on November 1.
The Twitter account, @BidenNoms, a project of the American Accountability Foundation, has posted a telling video of Saule Omarova speaking freely about her socialist schemes, wrapped in the cloak of saving the planet. The environmental movement in the West has long been aligned with socialism, recognizing that traditional class envy failed to generate revolution in the 1960s in America. Capitalists are recast as polluters. It is no coincidence that “environmental justice” leads to redistribution patterns that map closely with the redistribution patterns advocated by socialists. It is also no coincidence that the environmental movement drives costs and energy dependencies to the benefit of Russia, China, and leftist billionaires, with their Green grifts.*
So, listen carefully to Saule Omarova in two separate interviews on different days:
If you thought Biden nominee Saule Omarova’s plan to bankrupt the fossil fuel industry was a slip of the tongue, watch her discuss how to:
“Starve them of their sources of capital.” pic.twitter.com/MNXl7dIxUN
— BidenNoms, A Project of AAF (@bidennoms) November 10, 2021
As Senator Tom Cotton remarks in response:
This unhinged socialist wants millions of Americans who work in the energy industry to go bankrupt.
And Joe Biden picked her as his top banking nominee.
Yes, senator, and your Democrat colleagues are doing the same thing, by stages, with the Build Back Better Act. And, the big banks, controlled by penthouse progressives, are already choking off oil and gas exploration and production loans without a government order. Banks are redlining oil and gas projects. President Trump’s Office of the Comptroller of the Currency (OCC) finalized a fair access rule in January 2021 that compelled large banks to fairly lend to all customers. The moment Xiden was installed, the OCC announced a pause on publication of this rule, green-lighting the leftist bankers’ assault on disfavored economic activity, including oil, gas, and guns. The hold on the Fair Access rule was justified in the name of letting the next Comptroller sign off on the rule:
The Office of the Comptroller of the Currency (OCC) today announced it has paused publication of its rule to ensure large banks provide all customers fair access to their services.
The agency proposed the rule in November 2020 to codify more than a decade of OCC guidance stating that banks should conduct risk assessments of individual customers, rather than make broad-based decisions affecting whole categories or classes of customers, when providing access to services, capital, and credit.
Pausing publication of the rule in the Federal Register will allow the next confirmed Comptroller of the Currency to review the final rule and the public comments the OCC received, as part of an orderly transition.
The OCC’s long-standing supervisory guidance stating that banks should avoid termination of broad categories of customers without assessing individual customer risk remains in effect.
Now we know the real intent is to avoid publication of any such rule, since it frustrates the policy preferences and beliefs of the radical left. Omarova wants banks to defund coal, oil, and gas production. The Democrats in Congress are putting into law what Xiden is doing with executive orders, cutting off public lands to oil and gas production. This commie’s Comptroller candidacy is not a prank, not a trolling operation. She is a woman of the left and openly advocates the left’s positions on private ownership of capital and on control of society through environmental schemes.
Take a look at the prices already at the gas pump, and understand this gang sees your pain as a good start. You are being nudged, no, shoved, into getting on public transportation or getting into an electric vehicle. The more money you must devote to essentials, the less you have to donate or act in opposition to the penthouse progressives’ agendas.
Let’s Go, Brandon!
Etsy: Biden I Did That Gas Pump Sticker https://www.etsy.com/uk/listing/1053184560/biden-i-did-that-gas-pump-sticker-3
* See the U.S. Senate 2014 Republican minority report, “The Chain of Environmental Command: How a Club of Billionaires and Their Foundations Control the Environmental Movement and Obama’s EPA.“
Published in Politics
They cannot let this woman anywhere near the Comptroller’s office. She is a nightmare that will damage our economy for the short- and long-term. This cannot go through. Tom Cotton needs to beat some Republicans about the head!
They know what they are doing. Destroying our economy, destroying our country, is deliberate.
True, yet it is so much more than just this woman.
Used to be the word commie was a derogatory term I would direct toward liberals and people who drink decaf. But this woman was an actual party member and the Biden people searched the whole country and this is the best they could come up with. And here I thought we won the Cold War.
No, no, no. This is all just incompetence and crazy, ill-informed mistakes. Government bureaucrats after all are only human, and humans are fallible. (Psst. It’s deliberate.)
This is what the voters wanted so it is what they should get. We can just watch them impeach Trump again when it fails.
No mean tweets though.
This nomination serves one purpose: not to bring expertise to the position but to attack and demoralize the opponents of the regime. In other words, her nomination is itself an attack intended to demoralize you. So they chose her quite intentionally.
Lord, it is so easy to imagine her dressed in a Mao hat and jacket, parading with her little red book held high.
Except more Russian uniform with calf high leather boots boots and fur hat. Lenin not Mao.
Possibly, but I think she’s more into the “Mao” look. Neither of the looks is pleasant to contemplate.
I could swear I met her once. She had just come to the states from Moscow. She wasn’t nice then, either.
Don’t these banks have shareholders? The directors and officers of these banks have a fiduciary duty to their shareholders. These insane Marxist policies of defunding moneymaking industries are clear violations of that fiduciary duty to shareholders. This is a legit basis for a derivative lawsuit against the officers and directors.
Sounds like she would be happier back in Moscow, and the sooner the better.
She doesn’t look happy.
“Saule Omarova’s first academic success came at School Number 21 in Uralsk, now known as Oral, close to the Russian border in Kazakhstan. She grew up in cramped communal conditions on Prospekt Lenina – named after Soviet founder Vladimir Lenin – and while little is known of her father Tarif, her mother Saida Alibayeva was a tuberculosis doctor” — wiki
This is what gets me. Her mother was a doctor, and she was raised in cramped communal conditions. And she comes to America, and she gets all this, big house, nice neighbors, fine clothes, and variety of foods, great medical care, fine roads and temperate weather, and she wants to tear it all down.
Those cheek bones can’t be real. Tell me those are real cheek bones. It’s unnatural. I don’t think those could be real. Who makes fake cheek bones? It’s inhuman.
And as soon as Pelosi has had enough of tearing down California, evidently she wants to move to Florida.
They’re real, I think.
I think that the substance of the OP reinforces @exjon call for Kevin McCarthy to step down as leader of the House Republicans.
Surely they’re not going to confirm her?
Skyler, did you really make this comment? Because I was sure that I did. If you did that’s fine but they seem to be the same words I used, and I was wondering if it was a computer glitch or something.
I keep thinking about this. I worked for the OCC a million years ago. This is such a staid position, you have to think about what they want if they’re going to put such a visibly kooky person in that slot. The only thing that makes sense to me is that it’s a puzzle piece to force MMT. The other thing they could be doing is just sacrificing her to move the Overton window. jmo
Also, the OCC was very guilty in the 2008 housing crisis. They were messing with social engineering through credit. Messing with the banks is not a good way to improve anything. Now we have fewer community banks, which I am pretty sure is bad for the country.
G. K. Chesterton would agree.
She’s a good addition. Tells us what seems so difficult for us to understand. The Chinese are in charge. How else does one explain it? Of course so are Obama, Soros, et al, as long as there is an economy to drain. Then it’s over and we get to see who has more power.
Here’s the link to Wikipedia’s explanation of MMT for members like me who are unfamiliar with the acronym and its associated term. I can’t believe we have fallen so far down the rabbit hole that a proponent of Modern Monetary Theory is being seriously considered for this position. Yikes.
Communism is a foregone conclusion. Pay the dollar for the transcript or the video.
https://www.realvision.com/shows/mike-green-in-conversation/videos/is-the-golden-age-of-liberal-capitalism-over?source_collection=b8bd9d62c77143f7a39513e85d310b11
We did every single thing wrong in the face of automation and globalized trade. Now the fun starts.
Of course they will. This is the GOP we’re talking about, not some opposition party.
“Modern Monetary Theory” is so kooky and so baldly fraudulent that it doesn’t deserve an acronym, let alone a harmless sounding name such as “Modern Monetary Theory.” The idea that monetarily sovereign countries can spend without regard to revenues and there will be no negative economic effects is is every bit as kooky as transgenderism, the belief that if a men’s Olympic decathlon gold medalist shaves his trachea and puts on a dress, that male athlete is a female.
That is so Democrat Party.
<sarcasm>Pfft. As if a bank with a geographically limited market could offer the economy of a specific community services that are a better fit than the one-size-fits-all solutions crafted by the Bank of Too Big to Fail (BoTBoF). Why, such a community could take advantage of BoTBoF’s solutions anywhere in the world!
You, . . . you, . . . yokel.</sarcasm>