Biden���s Far Left Treasury Department Nominee

While running for president, Joe Biden campaigned as a lunch-pail-carrying, blue-collar moderate from Scranton, Pa. But during his short tenure in the White House, Biden has proven himself to be a far-left champion of bureaucracy, reckless government spending and the centralization of economic and political power.

President Biden © Getty Images President Biden

The most recent example is Biden's nomination of Cornell law professor Saule Omarova to head the Office of the Comptroller of the Currency, a branch of the Treasury Department.

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Omarova is a controversial choice. Born in the former Soviet Republic of Kazakhstan, Omarova was educated in the Soviet Union, graduating from Moscow State University in 1989, and as recently as 2019 openly praised various Soviet policies.

Omarova's university thesis has raised alarm bells. Although no one knows exactly what she wrote in the thesis, its title, "Karl Marx's Economic Analysis and the Theory of Revolution in The Capital," coupled with her refusal to hand the paper over to members of the Senate Banking Committee, has led many to believe Omarova's views on Marx are out of step with Americans' largely pro-market sentiments.

Even more pertinent, Omarova has called for moving most of the consumer banking industry out of private institutions and into the hands of the Federal Reserve.

According to past statements, Omarova's vision for transforming the U.S. economy involves significant centralization of investment and banking, putting a new public institution in charge, directly or indirectly, of virtually all economic activity. In an extensive interview with MSNBC host Chris Hayes in 2020, Omarova outlined some of her most expansive proposals to reshape the United States.

After complaining that the current financial system does not do enough to ensure private institutions prioritize issues such as climate change, Omarova told Hayes that a new federal agency should be created to restructure the American economy to make it


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