Adolf Hitler warmly welcomed to The White House yesterday by President Paul von Hindenburg und his lovely wife

 

The far worse public perceptions of Biden than of Trump have been confirmed by the special counsel report released yesterday and the disastrous Joe Biden news conference last night

 

The Democrats’ continuous calls during his four years in office to use the 25^th Amendment to remove President Trump from office on the presumed grounds of mental instability took a disastrous turn this week, as the effort self-combusted in a Hindenburg-sized blowback.

More.

Meanwhile Biden's nominee for Comptroller of the Currency is literally a commie

The Wall Street Journal Editorial Board:

The Cornell University law school professor’s radical ideas might make even Bernie Sanders blush. She graduated from Moscow State University in 1989 on the Lenin Personal Academic Scholarship. Thirty years later, she still believes the Soviet economic system was superior, and that U.S. banking should be remade in the Gosbank’s image.

“Until I came to the US, I couldn’t imagine that things like gender pay gap still existed in today’s world. Say what you will about old USSR, there was no gender pay gap there. Market doesn’t always ‘know best,’” she tweeted in 2019. After Twitter users criticized her ignorance, she added a caveat: “I never claimed women and men were treated absolutely equally in every facet of Soviet life. But people’s salaries were set (by the state) in a gender-blind manner. And all women got very generous maternity benefits. Both things are still a pipe dream in our society!”

Sure, there was a Gulag, and no private property, but maternity benefits!

Ms. Omarova thinks asset prices, pay scales, capital and credit should be dictated by the federal government. In two papers, she has advocated expanding the Federal Reserve’s mandate to include the price levels of “systemically important financial assets” as well as worker wages. As they like to say at the modern university, from each according to her ability to each according to her needs.

In a recent paper “The People’s Ledger,” she proposed that the Federal Reserve take over consumer bank deposits, “effectively ‘end banking,’ as we know it,” and become “the ultimate public platform for generating, modulating, and allocating financial resources in a modern economy.” She’d also like the U.S. to create a central bank digital currency—as Venezuela and China are doing—to “redesign our financial system & turn Fed’s balance sheet into a true ‘People’s Ledger,’” she tweeted this summer. What could possibly go wrong?

Ms. Omarova believes capital and credit should be directed by an unaccountable bureaucracy and intelligentsia. She has recommended a “National Investment Authority,” with members overseen by an advisory board of academics, to finance a “big and bold” climate agenda. Sounds like the green infrastructure bank the Senate rejected.

She’d also like a politically and structurally independent “Public Interest Council” of "highly paid” academics with broad subpoena power to supervise financial regulatory agencies, including the Fed. The Council, she explained, would not be subject to the “constraints and requirements of the administrative process.” Ivy League professors know best. 

As comptroller, Ms. Omarova would supervise some 1,200 financial institutions. While she couldn’t enact her People’s Agenda without legislation, she would have sweeping powers to punish banks that don’t follow her diktats. Recall how financial regulators during the Obama Presidency pressured banks to cut off credit to pay-day lenders. ...

Ms. Omarova is the wrong nominee for the wrong industry in the wrong country in the wrong century.

Notes from the future:

The overthrow overtook the former shining light on the hill almost by accident, and in broad daylight, when an aging, decrepit, Paul von Hindenburg-like leader acquiesced in his dotage to the revolutionary impulses swirling all about him, like vultures waiting for him to die.

The face when you thought you tuned in to the oldies station but got the chucklehead playing Rush Limbaugh reruns instead

 

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#Anti-Trump crashes and burns in the rules committee: Can anything good come out of Utah?

An ignominious moment for Sen. Mike Lee of Utah, who suddenly developed a tin ear for politics. Or maybe he's never had an ear for politics?

Story here.

You're At Risk On Healthcare.gov, ObamaCare Website Should Be Scrapped, Say Hacker Experts

"When you develop a website, you develop it with security in mind. And it doesn't appear to have happened this time. It's really hard to go back and fix the security around it because security wasn't built into it. We're talking multiple months to over a year to at least address some of the critical-to-high exposures on the website itself ... everything from hacking someone's computer so when you visit the website it actually tries to hack your computer back, all the way to being able to extract email addresses, users names--first name, last name--locations. When you look at the site itself, it could be really good. It could do really well. They're just not building the security into the site itself. Putting your information on there is definitely a risk."

-- David Kennedy, chief executive of TrustedSec

"There's not a plan to fix this that meets the sniff test of being reasonable."

-- Morgan Wright, CEO of Crowd Sourced Investigations

For the full story, go here.

"The Hindenburg of anti-bank gasbags"

Yves Smith of Naked Capitalism, according to banklawyersblog.com, here.

Very entertaining.