One of President Biden’s recent nominations just bit the dust over allegations that she was a Marxist. Saule Omarova was Biden’s nominee for controller of the currency. This position would have given her control over the country’s banking system.
Omarova withdrew her name from consideration after facing growing opposition, not only from Republicans but moderate Democrats as well.
“I am writing to you today with a request to withdraw my candidacy from further consideration for the position of the U.S. Comptroller of the Currency,” Omarova wrote in a statement. She continued to share that it was an honor and a privilege to be nominated by the president to lead the Office of the Comptroller of the Currency. She closed the letter by acknowledging that it was no longer “tenable” for her to keep her name in the nomination process and continue as the Presidential nominee.
Saule Omarova is a native of Kazakhstan, she was there when it was joined with the Soviet Union. The opposition she received was intense and from both sides of the aisle of the United States Senate. There were at least five Democratic Senators that voice opposition to her nomination. These included Jon Tester from Montana, Mark Warner from Virginia, Kyrsten Sinema from Arizona, John Hickenlooper from Colorado, and Mark Kelly from Arizona.
There was no shortage of controversies surrounding Biden’s pick to control the American banking system. The Daily Wire reported that Omarova said earlier in the year that she wanted oil and gas companies to go bankrupt. This coincided with Americans facing some of the highest gas prices in recent years. The agency also reported that Omarova was not willing to make her thesis about Karl Marx available to the Senate Banking Committee. The Daily Wire noted that the candidate longed for the glory days of the USSR because there was no apparent gender wage gap.
It was reported in the Free Beacon that Omarova was arrested after she was caught putting $214 worth of clothes, shoes, cologne, and belts in her purse at a T.J. Maxx in Madison, Wisconsin. This was in May of 1995 when she was 28 years old and studying for her doctorate at the University of Wisconsin. While attending the University of Moscow, Omarova received a scholarship that was named for Vladimir Lenin and honored the Soviet Union for paying males and females equally.
Later as a student, Omarova wiped out a reference to the thesis she wrote on Marx in her résumé. She went on to become a fellow in a think tank that caused the Chinese government’s propaganda agencies to declare was helpful to Beijing’s foreign influence efforts. And finally, it was reported in The Free Beacon that Omarova told a Senate panel that she was in favor of allowing government officials to serve on bank boards.
How did she make it this far?
Pat Toomey, the Republican senator from Pennsylvania, said that he had never seen a more radical choice for any regulatory position in the federal government.
Other critics argued Omarova was a “radical choice.” The consensus was that the nominee wanted to nationalize banking, and there were numerous questions about whether she remained married to the ideologies of her native Soviet Union.
The president remained a staunch defender of his nominee. In a statement accepting her resignation, the president insisted that she was subjected to wrongful attacks that were
“far beyond the pale.”
“As a strong advocate for consumers and a staunch defender of the safety and soundness of our financial system, Saule would have brought invaluable insight and perspective to our important work on behalf of the American people,” Biden claimed.
You can’t make this stuff up!