Go For Broke; Make 'em Go Broke!

Saule Omarova is President Biden's nominee for Comptroller

of the Currency. And she has an idea for combating climate 

change.

In a video interview that she gave last February this Cornell 

professor was talking about U.S. national investment authority.

She sounds like someone Biden would nominate for Comptroller

or a similar position. The conversation oddly turned to climate 

change and how it would affect fossil fuel producers. She said

the most breathtaking statement regarding the smaller ones in the 

field: "A lot of the smaller players in that industry are going to,

probably, go bankrupt in short order --- at least, we want them 

to go bankrupt if we want to tackle climate change.  

Now let Omarova's words sink in. She wants to put some businesses

out of business, chucking heretofore working employees out the 

door, interrupting their means of making a living for their families

and themselves just to enact some crackpot program which will not,

despite its billing, solve climate change. Her attitude is,

I want to get this program to fight climate change up and running,

and if it hurts some workers by depriving them of their paychecks

and benefits, it's no big deal because these peasants, their families

and all, are no big deal. 

Omarova then added that the establishment of a National Capital

Management Corporation would make things better by "becom(ing)

a kind of equity investor at that point, taking over management of

those companies and basically leading them through restructuring 

to a new technological business model". Got that? First, put the

private firms out of business, then get government central planners

working on restructuring them in a way that would suit the political

class' tastes. The peasants in the private sector, you see, are far too

stupid, let alone insensitive to the environment and the climate to

allow them to continue to work and to allow them and their businesses

to keep functioning the way they have always done. Government 

knows everything; the peasants know nothing. 

As Comptroller Omarova would have lots of authority to regulate 

banks. She is signaling that her fondest wish is to refuse capital to the 

companies she despises and wants to see go bankrupt. Par for the  

modern Democrat Party apparatchik. Thanks and praise to the 

Wall Street Journal for their article in their editorial section shining 

light on her power lust and her grandiose scheme. Now We the People 

must contact our senators and tell them to vote her nomination down. 

MEM