An energy Secretary that thinks high gas prices are hilarious, an AG that wants parents who show up at school board meetings treated like terrorists, a WH press secretary that dismisses empty store shelves as the tragedy of the treadmills, a man in a dress promoted to admiral, a climate envoy who refuses to discuss religious persecution with the Chinese and a disgraced former national security adviser engaged in a secretive racist program of so-called equity, you think Biden couldn't find anyone to make this menagerie of Marxist Democrats worse? You're wrong.
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President Joe Biden’s pick for a top banking regulatory position said “we want” oil and gas companies to go bankrupt, although she acknowledged the country couldn’t afford the loss of jobs.
Saule Omarova, a law professor at Cornell University who graduated college in the USSR, has faced pushback over her nomination to be comptroller of the currency from business groups and Republicans, who have said that she is extreme and opposed to the industry as a whole.
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That's right, Biden wants a Soviet trained comptroller of the currency managing the money supply. But wait, she wants a new Federal agency to oversee the restructuring of the companies the government selectively destroys as a full equity investor.
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But that creates a lot of this sort of loss of jobs, a lot of displacement, and economic fallback that we cannot afford, really, so [the National Capital Management Corporation] could actually become a kind of equity investor at that point, taking over management of those companies and basically leading them through restructuring to a new technological basis and to a new technological business model, and in that sense, it’s the same type of activity but a different context,” she added.
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The context Omarova refers to is a centrally managed economy of the sort that failed miserably in the USSR and continues to fail in Cuba and Argentina. The Federal National Capital Management Agency would use taxpayer dollars to choose worthy businesses to promote and protect and most importantly direct. It would also usurp private banks as a source of credit. Imagine the glorious paradise where your creditworthiness depends on political loyalty, that's Biden’s transformed America.
https://www-washingtonexaminer-com.c...to-go-bankrupt
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If Democrats were confident their nominee actually received more than 80 million votes they wouldn't have more troops occupying Washington, DC than Lincoln had defending the city during the Civil War. Not Joe Biden, Kim Jung Biden.
11-15-2021, 06:55 AM
Controversial Biden bank nominee said 'we want' oil and gas companies to go bankrupt
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