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Originally Posted by ukrkoz
She’s Kazakh, not Russian and, if she’s old enough, she might actually know political economy, what none of you here even have any whiff off, stuck in that phony economics. That’s why no one has any decent strategy for economy, as economics simply does not see disaster per its basics.
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I don't care where she is from or where she studied or what she looks like she is one of the more scary nominees Biden has put up for along with who is in his administration.
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National Investment Authority
Omarova is noted for her support for a "National Investment Authority" (NIA),[15] a proposal she has likened to New Deal-era programs. The proposal was first developed in 2015 in conjunction with Robert C. Hockett, a fellow Professor of Law at Cornell Law School.[16] Omarova has stated that an NIA would be responsible for "devising, financing, and executing a long-term national strategy of economic development and reconstruction."[17]
In a recent paper “The People’s Ledger: How to Democratize Money and Finance the Economy,” she has proposed an “overtly radical reform” plan for the Federal Reserve to “effectively end banking as we know it”, to offer consumer bank accounts and become “the ultimate public platform for generating, modulating, and allocating financial resources in a modern economy, calling this plan "ultimately a more pragmatic and sensible response to the challenge of democratizing finance.” She has advocated expanding the Federal Reserve’s mandate to include the price levels of “systemically important financial assets” as well as worker wages. [18] [9] [19]
The proposed NIA would be made up of two components: a "National Infrastructure Bank (NIB), as well as and a National Management Corporation (which she nicknames “Nicki Mac”), which would serve to invest in green technologies.[20] A 2020 article published in The New York Times reported that the proposed NIA would function in a manner similar to the Federal Reserve, and compared the NIA framework to the Reconstruction Finance Corporation created in 1932.[
https://en.wikipedia.org/wiki/Saule_Omarova
She proposes a take over by the federal government of private assets and banking, so the government has control to disperse funds to who it sees fit. Also proposing the government control prices on goods and wages, that is straight out socialist/Marxist and would complete ruin the U.S.A into a Venezuelan style dystopian nightmare.
The fact that democrats would even put her up for nomination is a testament to how far left they have gone and how open they are to showing it now. Every single nominee Biden and the democrats has put up for a office position has been some sort of radical leftist.
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