Saule Omarova , President Joe Biden’s nominee for the office of the Comptroller of the Currency, withdrew her nomination Tuesday after Democrats and Republicans opposed her controversial views to eliminate community banks and fossil fuel companies.
Breitbart News has extensively covered Omarova’s nomination to the Comptroller of the Currency position and her radical views as a Cornell Law professor.
If the Senate confirmed Omarova, she would have had the “most powerful, least accountable” position over the banking system, a former senior government official told Breitbart News in November.
Senators, including Democrats such as Sen. Jon Tester (D-MT), became increasingly critical of the Biden nominee as Breitbart News and other organizations revealed her controversial vision for the American banking system.
Sen. Steve Daines (R-MT) told Breitbart News in late October that Omarova’s support of “Communist ideals” disqualifies her for the position, a move that pressured Tester to oppose her nomination.
In her academic work, she has called to eliminate all bank accounts and to transfer all bank deposits to “FedAccounts” at the Federal Reserve, the nation’s central bank.
When talking about FedAccounts, the former senior government official said, “The Democratic Party over the last couple of administrations, they want the government to essentially take over a lot of financial functions from banks.”
Breitbart News Economics Editor John Carney noted that Omarova would end community banking as we know it if the Senate were to confirm her.
December 07, 2021, 06:19 PM
parabellum
It's the gulag for you now, baby.
December 07, 2021, 06:27 PM
PASig
Why was that Commie woman even a consideration?
Not just a figure of speech, she was a literal proud lifelong Communist raised in the USSR!
It’s almost unbelievable what the Left is trying to get away with these days.
December 07, 2021, 08:21 PM
darthfuster
McCarthy was right.
You’re a lying dog-faced pony soldier
December 08, 2021, 09:22 AM
sdy
The obvious corruption of the biden administration is stunning
The White House flagged money laundering in the art industry on Monday as a point of corruption
The first report of its kind named the United States Strategy on Countering Corruption is geared towards exploring the ways and means “government officials abuse public power for private gain.”
Though the White House’s report specifically focused on the art industry as a “market” where financial crimes occur, it did not mention the Biden family’s involvement with corruption, such as Hunter’s art selling scheme to investors while his father is president.
Hunter has reportedly sold multiple pieces of art for at least $75,000 this fall to anonymous buyers, and the New York Times reported first lady Jill Biden has allegedly displayed Hunter’s artwork in the White House.
The White House has defended Hunter’s scheme as consistent with “the highest ethical standards.” Nevertheless, the report flagged the following about the art industry’s criminal pliability:
The markets for art and antiquities—and the market participants who facilitate transactions—are especially vulnerable to a range of financial crimes. Built-in opacity, lack of stable and predictable pricing, and inherent cross-border transportability of goods sold, make the market optimal for illicit value transfer, sanctions evasion, and corruption.
December 08, 2021, 11:49 AM
gearhounds
There couldn’t be a clearer case of money laundering for that finger paint garbage Biden’s idiot criminal drug addict fool of a son produces. The hypocrisy is astounding.
“Remember to get vaccinated or a vaccinated person might get sick from a virus they got vaccinated against because you’re not vaccinated.” - author unknown
December 08, 2021, 06:10 PM
ZSMICHAEL
[quote]The markets for art and antiquities—and the market participants who facilitate transactions—are especially vulnerable to a range of financial crimes. Built-in opacity, lack of stable and predictable pricing, and inherent cross-border transportability of goods sold, make the market optimal for illicit value transfer, sanctions evasion, and corruption.
^^^^^^^^^^^^^^^^^^^^^^^^^^^^ In fact a Billionaire hedge fund investor was recently busted. Some really valuable antiquites plundered from various countries. Herman Goering was perhaps the most egregious.
December 08, 2021, 07:43 PM
Il Cattivo
quote:
inherent cross-border transportability of goods sold, make the market optimal for illicit value transfer, sanctions evasion, and corruption.
The rest makes total sense, but once one's paid the Bidens a bribe, who's going to bother smuggling it into another country? You could burn the damned thing if it became a liability.
From a recent opinion piece in the Los Angeles Times:
quote:
Harris was a bad pick from the start. Her failed presidential campaign seemed to be based on the assumption that Twitter and TikTok likes would win delegates in the Democratic primary. Whatever personal charm she has - or skills she had as a prosecutor or a senator - hasn't translate for a national audience.
But she was the inevitable pick once Biden decided he needed a Black woman as his running mate. Her keenest supporters - a very thin slice of Very Online Democratic activists - are trying to cast her travails through the prisms of race and sexism.
Such defenses strike me as evidence they don't know how to do any other kind of politics - only the kind where every setback looks racist and sexist.
That mindset is the driver of Harris' problems. Her supporters seem to believe that the first Black female vice president is such a big deal, that everyone - staffers, journalists, the president himself - should work as if she is just too big to fail. Hence all the anger at Biden for not creating more opportunities for her to shine. "It's a conundrum unique to her," two CNN reporters explain. "People are expecting their historic vice president to make history every day when in fact she's trying to carry the duties of a secondary role."
There's obviously some truth to that. Putting her in charge of the "root causes" of the border crisis was a recipe for failure.
But that begs the question: Since when is it the job of the president to prioritize the political success of the vice president?
For instance, according to the Post, her supporters say Biden's refusal to push for "wholesale changes to the Senate filibuster" limits her ability to "solve problems" such as immigration and voting rights, presumably because the V.P. casts the deciding vote in a tied Senate.
Huh. Of all the arguments good and bad for abolishing the filibuster it never occurred to me that making Harris look good was one of them. But such ideas make sense when you think your job is to be symbolic and historic.
It's kind of a pity that the writer never bothered to explain why Harris would "inevitably" be the vice presidential candidate once Biden decided he needed a black woman as a running mate - there were, in fact, quite a few other candidates mentioned. Liberal tears are fine, but tortured politically correct explanations of mindlessly racist behavior have a certain charm of their own.This message has been edited. Last edited by: Il Cattivo,
December 09, 2021, 10:18 AM
nhtagmember
December 09, 2021, 10:40 AM
PASig
Bob Dole lies in state at the US Capitol today and I saw a clip of Biden being led around by his nurse Jill, my God the guy can barely even walk now and it's the very slow deliberate walk of a man terrified of falling down.
There is no way he's going to be running for a second term, I don't know if he even makes it through this one.
December 09, 2021, 10:52 AM
TMats
One thing after another. This administration reflects a politician with 50 years in DC; completely out of touch with the people he ostensibly serves—and that includes the Democrats who live outside the Beltway (and the West Coast).
_______________________________________________________ despite them
December 09, 2021, 11:25 AM
jsbcody
quote:
Originally posted by PASig: Bob Dole lies in state at the US Capitol today and I saw a clip of Biden being led around by his nurse Jill, my God the guy can barely even walk now and it's the very slow deliberate walk of a man terrified of falling down.
There is no way he's going to be running for a second term, I don't know if he even makes it through this one.
I don't know if he will make it to the mid term elections. It looks like they are trying to set Cackles up to be pushed out and replaced with the main threat being if the Republicans block a VP nomination, then we would end up with Pelosi. After the mid terms, if we win back the House and Senate, then there will be a new Speaker of the House, so blocking any VP nomination makes sense at that point. The way "old Bidet" is looking and moving, I expect to wake up and see in the news he has passed away. Great time for China, Russia, North Korea (the Israelis put Iran on the back burner with recent explosion) to play games right now. Expect the Taliban to be active starting early next summer, especially if they are doing it at the behest of China.
December 09, 2021, 01:14 PM
PASig
Kirstie Alley throwing some shade at Ginger Goebbels today
quote:
Kirstie Alley @kirstiealley
Omg Jen Saki.. can you answer ANY question FULLY and without that condescending smirk? We are an audience of Americans who are listening in earnest for answers, not mean girl shit. Build your manners back better.
Consumer prices accelerated in the year through November at their fastest pace in 39 years, new government data shows, marking the sixth straight month of inflation is running above 5 percent in annual terms and delivering a fresh sign that inflationary woes continue to bedevil the U.S. economy.
The Bureau of Labor Statistics (BLS) reported on Dec. 10 that the Consumer Price Index (CPI), which reflects inflation from the perspective of end consumers, rose 6.8 percent in the 12 months through November, a level not seen since May 1982, when it hit 6.9 percent.
The annual rise in the CPI gauge was in line with consensus forecasts, but the 0.8 percent monthly pace of inflation reported by BLS was somewhat of an upside surprise, with economists expecting a more moderate rise of 0.7 percent. Still, that represents a slight month-over-month slowdown after CPI inflation surged in October by 0.9 percent, more than doubling September’s rate of 0.4 percent.
The biggest contributors to November’s rate of inflation were gasoline, shelter, food, used cars and trucks, and new vehicles, the BLS report said, noting a 3.5 percent month-over-month rise in the energy index and a 6.1 percent rise in the gasoline index. On a 12 month basis, energy prices shot up 33.3 percent while food prices rose 6.1 percent, with the changes representing the largest over-the-year rises in both measures in at least 13 years.
“Further evidence of inflation broadening out, household furnishings, apparel, and the usual suspects of new and used vehicle prices all posted outsized increases in November,” Bankrate Chief Financial Analyst Greg McBride told The Epoch Times in an emailed statement. “Inflation is outpacing increases in household income and weighing heavily on consumer confidence, which is at a decade low. It is only a matter of time before it impacts consumer spending in a material way.”
Annual CPI inflation has now been running at over 5 percent for six straight months, well above the Fed’s 2 percent target. Last month’s annual CPI print came in at 6.2 percent, the highest level in 31 years, delivering a blow to the Fed’s “transitory” inflation narrative and prompting Federal Reserve Chair Jerome Powell to announce that it was high time to “retire” that word in describing the current inflationary environment.
_________________________ "Sometimes I wonder whether the world is being run by smart people who are putting us on or by imbeciles who really mean it." Mark Twain
Inflation jumped to the highest level in nearly 40 years, fresh data released on Friday showed, as supply chain disruptions, rapid consumer demand and rising housing costs combined to fuel the strongest inflationary burst in a generation.
December 10, 2021, 06:00 PM
mbinky
Thanks Joe.
December 11, 2021, 04:53 PM
sdy
Two things biden and the DEMs are driving each hurt their inner city DEM base
Come and see the system racism of electric vehicles
Look at any map of charging stations in the United States, and in most of the big cities, what is immediately apparent are big blank spaces coinciding with Black and Latino neighborhoods. Electric vehicle advocates call them charging deserts.
While electric vehicle use is growing rapidly in well-to-do, mostly White communities, minority neighborhoods are being left behind.
Why might charging stations be more prevalent in “well to do” neighborhoods, regardless of ethnic diversity? For one thing, it’s because EVs are more expensive. At the moment, the gap between an average EV and an average traditional car is over $19,000. The Biden administration wants to close that gap by creating more point-of-sale tax credits for EVs, but the up front costs will still be onerous for working- and middle-class Americans regardless of ethnicity.
How many people who don’t live in well-to-do neighborhoods can afford to run out of juice in their car? Not to mention that repair and insurance costs go up with EVs. Put that all together, and EVs look very much like a luxury for the “well to do” and not a wise choice for those households that need reliable and relatively inexpensive personal transportation.
If the term “charging deserts” doesn’t convince you, how about … “mobility justice”?
In urban neighborhoods where residents lack driveways or garages and must rely on street parking, public chargers are a necessity to persuade consumers to buy electric cars. Yet without EVs in place, there is no commercial incentive to install them.
we haven’t even come to the real issue of “deserts” and “mobility” — the lack of electrical production to match the demand of tens of millions of vehicles requiring daily recharges. That demand will likely come at night too, when solar-power generation drops off the chart and wind power will be unreliable as well.
With critics of Biden’s $1.7 billion social spending package warning it could increase inflation, the fact that rising prices are hitting hardest the very groups the White House has said the bill will help — Black and Hispanic workers and workers with low incomes — only makes the administration’s case for passage more difficult.
The record-breaking inflation convulsing the economy also threatens to undermine one of President Joe Biden's top pledges: alleviating long-standing wealth and racial inequities.
And because workers with low incomes are more likely to be Black and Hispanic — their median weekly earnings for full-time jobs were significantly lower than those of white and Asian Americans in the most recent quarter of 2021, according to the Bureau of Labor Statistics — they are also more likely to take the brunt of inflation.
Of the 85 million white-not-Hispanic households, 16% earn below $25k
Of the 18 million black households, 29% earn below $25k
OF the 18 million hispanic households, 20% earn below $25k
