Friday, February 7, 2025
Friday, June 21, 2024
Wednesday, October 25, 2023
Thursday, September 30, 2021
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.
Thursday, January 23, 2020
Oops, Bernie Sanders in 1996 advocated the Social Security tax increases and benefit cuts for which he now criticizes Joe Biden
Tuesday, July 23, 2019
Venezuela north: 230,000 still without power in Michigan as of Monday morning and many will be until Thursday
Thursday, July 4, 2019
Saturday, March 23, 2019
John DeStefano, in charge of Trump's 4,000 personnel appointments in 2017, was John Boehner aide
White House personnel official described Trump GOP nomination as 'end of the world':
Monday, February 25, 2019
Tuesday, January 29, 2019
True believers are piling on Cernovich in defense of Christianity much like defenders of socialism pile on its critics
The true believer dies hard because ideology, whether it's religious or not, is the opiate of the people, blinding it to the reality staring it in the face.
And the reality of Islam is that it exalts servility to a religious principle.
George Washington, dear friends, would not take the Lord's Supper, nor kneel in church. The father of our country, first in the hearts of his countrymen for many reasons, including those.
Friday, January 25, 2019
Sunday, December 10, 2017
Conservative heroine Phyllis Schlafly opposed the territorial tax system the Republicans are about to shove down our throats
Thursday, April 27, 2017
Trump's territorial tax plan gives no incentive for business and manufacturing to relocate to the US
Tuesday, April 25, 2017
As socialist Venezuela starves, remember Bernie Sanders once said that's the American Dream
Friday, March 11, 2016
Campaigning for Cruz: Limbaugh compares Donald Trump to Sean Penn. Isn't such a comparison a tactic of the left?
Update:
Here's the money quote:
[Trump] was simply admiring the strength or pointing out what a powerfully strong government can do. Hey, this is why what's-his-face, Sean Penn, loves Castro. It's why Sean Penn loved what's-his-face down in Venezuela, Hugo Chavez. They envied the power. No question about.
Rush is willing to jettison conservative principles and cross this line because his loyalty to Ted Cruz is more important than those things are.
Total hypocrite.