Op-Ed: The anti-American agenda of President Biden’s nominees
November 17, 2021
By Linda McMahon in The Washington Times
Whoever said President Joe Biden’s administration isn’t filled with radical liberals determined to destroy America must not be familiar with one of his most recent picks to lead a federal agency.
Saule Omarova is as anti-American as they come, but that has not stopped Mr. Biden from nominating her to lead the Office of the Comptroller of the Currency within the Treasury Department. At first glance, the position may seem harmless enough, but don’t be fooled. If confirmed, Ms. Omarova would wield considerable power as the national bank regulator. And she’s made clear exactly how she intends to use her power – and it’s not to benefit Americans.
In her capacity as part of the higher education elite, she has written extensively about her view of who a central bank should or should not favor and which groups she deems worthy of government support. Spoiler alert – it’s not hardworking Americans.
Rarely in Washington is someone as open and straightforward as Ms. Omarova in her views, or more appropriately disdain, for freedom, free-market capitalism, and prosperity. In other words, she holds in contempt the very ideals that built our Nation into the strong and prosperous country we know today. With nominees like Ms. Omarova, our institutions will be under attack. In fact, Ms. Omarova has stated explicitly that she seeks to “effectively end banking as we know it.”
If admitting to an outright frontal assault on the industry she will be tasked with regulating isn’t insulting enough, let’s look at more of her writings. Her intention to radically change banking is not an isolated statement. You don’t have to take my word for it; we need to look no further than her words and writings to expose the anti-American agenda she embraces. Specifically, she has called for “re-imag[ining] the role of a central bank as the ultimate public platform for generating, modulating, and allocating financial resources in a modern economy.”
Just in case her intentions weren’t clear, shegoes on to elaborate exactly what this would mean – “[W]hereby central bank accounts fully replace—rather than uneasily co-exist with—private bank deposits…” The purpose of this is to control capital and allow the federal government to determine who has access to funds and who is worthy of financial support. Free markets step aside; if Omarova ruled the world, she would seek to outlaw private banks altogether, crushing small businesses who depend on them. Remember that over 99% of businesses in this country are small businesses which contribute to nearly half of our Nation’s economic activity.
Linda McMahon serves as Chair of the Board of America First Policy Institute (AFPI) and also serves as the Chair of AFPI’s Center for the American Worker.