Patriots: For over 26 years, your generosity has made it possible to offer The Patriot Post without a subscription fee to military personnel, students, and those with limited means. Please support the 2024 Year-End Campaign today.

November 23, 2021

The President’s Marxist Money Maven

Deny as she might, Saule Omarova has a long history of advocating communist ideology.

If it looks like a duck, walks like a duck, and quacks like a duck, then it’s a duck. This adage certainly applies to Joe Biden’s nominee for comptroller of the currency, Saule Omarova, who, despite all her recent denials, has a long history of advocating Marxist ideology. This reality has not been lost on Republican lawmakers. GOP senators have grilled her for her troubling and publicly expressed socialist views.

Of course, it comes as no surprise that socialist-loving Democrats like Senator Elizabeth Warren (MA) cry foul. “The attacks on your nomination have been vicious and personal,” she falsely sympathized. “We’ve just seen them. Sexism, racism, pages straight out of Joe McCarthy’s 1950s Red Scare tactics.”

And what were the extent of these supposed “vicious and personal” attacks? Well, that Senator John Kennedy (LA) referred to her as “comrade.” But “vicious and personal” would only actually apply if Kennedy was wrong — he’s not. Rather, he hit the nail on the head.

Omarova’s advocacy for Marxism is not limited to her 1989 thesis from Moscow State University entitled “Karl Marx’s Economic Analysis and the Theory of Revolution in Das Kapital,” as problematic as that was. It’s the fact that over the years she has deviated little from those communist ideals. Just this year she produced a paper titled “The People’s Ledger” in which she advocated for nationalizing America’s banking system. In the paper, Omarova calls for the Federal Reserve to take over everyone’s bank accounts, to essentially take full control or ownership of everyone’s money, while she admits that doing so would be tantamount to “effectively ‘ending banking’ as we know it.” The government would then set up a “National Investment Authority” that was not answerable to any elected body, and whose task it was to redistribute money for the most effective means of achieving what the state may desire, such as going “big and bold” on climate change programs. In other words, communism.

Senator Pat Toomey (R-PA) contends that Omarova’s explanation regarding her paper — that she was merely engaged in some academic thought experiment — didn’t ring true. “It doesn’t seem to be a coincidence that every one of these thought experiments … involved dramatic expansion in the power and control of the central governmhttps://patriotpost.us/mission_control/imagesent to allocate resources, to control banking,” Toomey said. “Her ideas amount to a socialist manifesto for American financial services.”

The instances of Omarova expressing these neo-Marxist views are many, such as her advocating the starving of capital for smaller fossil fuel companies with the express goal of seeing them go bankrupt in order to move boldly forward on climate change. She has tried to walk back these comments, but her myriad of other statements and professional writings promoting socialist ideology have few believing her.

David Harsanyi, who certainly knows a communist duck when he hears one, cogently observes: “As my parents were defectors, and I have known many others, I can confidently say that people who risked something to escape communism are unlikely to start a sentence, as Omarova did, with, ‘Say what you will about old USSR…’ Her nonsensical and pernicious defense of Soviet gender equality (the rest of the sentence is ‘…there was no gender pay gap there’) ignores the fact that American women lived vastly better lives by every conceivable economic and moral measure. Her comments on that issue alone should be disqualifying. Need it be said that if a Republican president’s nominee had tweeted ‘Say what you will about the tenets of National Socialism, the health care was amazing,’ Democrats (hopefully all people) would have recoiled?”

Joe Biden chose and Senate Democrats are trying to confirm a socialist to a national position of huge economic importance.


Update: On Wednesday just before the Thanksgiving holiday, five Senate Democrats let Joe Biden know that his commie nominee is dead in the water. Political analyst Paul Mirengoff makes an astute observation:

This emerging faction of Senate Democrats already got its way when Biden renominated Jerome Powell for another term as chairman of the Federal Reserve, passing over Lael Brainard, the candidate preferred by radicals like Elizabeth Warren. (Brainard got the vice chair slot.) Now it will force Biden to select a different nominee for OCC head.

I expect Biden to select another radical, given the fact that he disappointed the Warren faction on the Fed chair nomination. But I imagine he’ll find one with less of a footprint in Marxism than Omarova.

Who We Are

The Patriot Post is a highly acclaimed weekday digest of news analysis, policy and opinion written from the heartland — as opposed to the MSM’s ubiquitous Beltway echo chambers — for grassroots leaders nationwide. More

What We Offer

On the Web

We provide solid conservative perspective on the most important issues, including analysis, opinion columns, headline summaries, memes, cartoons and much more.

Via Email

Choose our full-length Digest or our quick-reading Snapshot for a summary of important news. We also offer Cartoons & Memes on Monday and Alexander’s column on Wednesday.

Our Mission

The Patriot Post is steadfast in our mission to extend the endowment of Liberty to the next generation by advocating for individual rights and responsibilities, supporting the restoration of constitutional limits on government and the judiciary, and promoting free enterprise, national defense and traditional American values. We are a rock-solid conservative touchstone for the expanding ranks of grassroots Americans Patriots from all walks of life. Our mission and operation budgets are not financed by any political or special interest groups, and to protect our editorial integrity, we accept no advertising. We are sustained solely by you. Please support The Patriot Fund today!


The Patriot Post and Patriot Foundation Trust, in keeping with our Military Mission of Service to our uniformed service members and veterans, are proud to support and promote the National Medal of Honor Heritage Center, the Congressional Medal of Honor Society, both the Honoring the Sacrifice and Warrior Freedom Service Dogs aiding wounded veterans, the Tunnel to Towers Foundation, the National Veterans Entrepreneurship Program, the Folds of Honor outreach, and Officer Christian Fellowship, the Air University Foundation, and Naval War College Foundation, and the Naval Aviation Museum Foundation. "Greater love has no one than this, to lay down one's life for his friends." (John 15:13)

★ PUBLIUS ★

“Our cause is noble; it is the cause of mankind!” —George Washington

Please join us in prayer for our nation — that righteous leaders would rise and prevail and we would be united as Americans. Pray also for the protection of our Military Patriots, Veterans, First Responders, and their families. Please lift up your Patriot team and our mission to support and defend our Republic's Founding Principle of Liberty, that the fires of freedom would be ignited in the hearts and minds of our countrymen.

The Patriot Post is protected speech, as enumerated in the First Amendment and enforced by the Second Amendment of the Constitution of the United States of America, in accordance with the endowed and unalienable Rights of All Mankind.

Copyright © 2024 The Patriot Post. All Rights Reserved.

The Patriot Post does not support Internet Explorer. We recommend installing the latest version of Microsoft Edge, Mozilla Firefox, or Google Chrome.