omarova. we've seen much of your work mischaracterized the last couple of weeks. few questions. do you want to end banking as we know it? >> no, senator, i do not want to end banking as we know it. i believe that our banking system is the best banking system in the world, although it could do better. statement out of the paper that was written in the context ongoing academic debate on future of digital money. central bank digital currencies and stable coins. issue in the digital dollar. -- digitize the u.s. dollar and how to do it is entirely up to congress and the federal reserve. as an academic i was simply trying to grapple what what that would look like. my worry is that if we take this step without fully understanding the implications of it, we may hurt community banks and mid-sized banks that would experience flight of business of banking to bigger players like big tech companies and wall street platform based financial institutions. so i have never said that this particular proposal or

let's talk about some of professor omarova ideas. starters, we know she wants to "effectively and banking as we know it". what does that mean cracks she has told us. in the people's ledger in the paper she published last month. she outlined her plan to nationalize retail banking central bank accounts fully replace with private bank deposits so you cannot have an account at a community bank it's held by the government at the federal reserve. now i remember many pennsylvanians outraged over recent plans for the irs to get a certain amount of personal information so imagine the reaction for the government to actually take over their bank accounts. the professor has a proposal to control the money supply including one necessary "implementing a contractionary monetary policy by debiting those accounts. so for those were not accountants debiting means this could be"perceived as the government taking away people's money". i think i know why it would be perceived that way. because itpl would be the government taking away people's money. prof

watch saule omarova in action.irectly at the fed. people travel industry and serve in transitioning. here what i'm think about primarily coal industry and oil and gas industry. a lot of the smaller players in that industry going to probably go bankrupt in short order. at least we want them to go bankrupt if we want to tackle climate change, right? the way we basically get rid of those carbon financiers we starve them of their sources of capital. elizabeth: okay. and are you going to put 11 million people out of work? really saule omarova? who do you think you are? >> emac, you're absolutely right this is the progressive goal to eliminate oil and gas in america. here you're actually hearing the plan to actually do that. put americans out of work, give the chinese communist party a foothold in this government. not only that not only will crush the working class. she will centrally plan our energy to run on literally green renewables that don't work. she will kill america effectively. she has no remorse about doing it

that is omarova in a circle. she wrote her thesis on karl marx.ould like your reaction what senator i don't jeong kennedy st the hearing. >> have you resigned, from the young communists. >> you grow out of with age automatically. >> did you send them a letter though resigning? >> senator, this was many, many years ago. >> she renounced her soviet citizenship. >> i understand that. you're not the witness. she is. elizabeth: what do you say? this is very clear goes to her intent and long term this is a radical policy, radical past. this should be a warning shot for the biden administration. this is the kind of person they are nominating to these very, very important positions. you talk about the oil and gas and targeting of those industries right now. their policies are clearly failing and the reason americans are paying double at the gas, filling up their gas tank right now is direct result of biden administration policies to reduce domestic production that will fix the problem. we need to unleash energy opportunity here in the united states. iowa,

omarova.as a lot. let's unpack with slatestone wealth kenny polcari. you know, kenny, a former barack obama official is pointing the finger at jay powell and the fed for inflation. is it powell's fault? >> well listen i will say that i think partly all the stimulus the fed has been giving, they have been reluctant to pull back has certainly added to the inflation story. i think the fact they keep telling us it is transitory is not helping that narrative or that conversation. i think everybody has seen it. there have been a lot of people, certainly i've been one of them have been talking about the fear of inflation coming just because of, of the fed policy. it has been so, so stimulative, right? they should have pulled back months ago in my opinion. i think at some point the fed is partly responsible for where we are. lauren: is the delay, the delayed response the nail in the coffin for jay powell? >> well, might be. if you're on the left side you will certainly use that. on the right side you

omarova said the banking industry is an a-hole industry?talking about many of the people who work in that industry. i have concerns she is being attacked because she is the one nominee in a long time that didn't tow the line with banks but thinks they should be regulated. >> omarova made the case that her politically charged comments on climate change and the soviet union don't have anything to with the job she would be doing. one person said it does matter because political positions influence how you enforce regulations. >> sandra: hilary, thank you. >> john: and tennessee republican senator bill haggerty. more about saule omarova background. she was a student back in the days of the soviet union. we are a photograph of her to put up on the screen. there is the circle around her face there. wrote a college thesis on karl marx. and has concerns about how the american financial system works calling it a a-hole industry. you have concerns about her leading the treasury department banking office? >> my concerns are much more current than her

professor omarova's vision would envision a complete fed with the balance sheet. these are her words. the complete migration of demand deposit accounts to the fed's balance sheet. why does professor omarova propose we destroy banking in america and shift them from the innumerable private institutions we all use and do it all through the fed? one reason she cites is to empower the fed to directly distribute fiscal stimulus and aid to worthy beneficiaries. i kind of wonder who the radical left would consider to be sufficiently worth to be a beneficiary, but that's another whole topic. another justification she offers for the fed to control all retail banking, really for the fed to be america's sole retail bank is so that the fed can more easily control the money supply. this is very interesting. she provides a little insight into how she envisions this because she says the, this would include, and i quote, implementing a contractary monetary policy by debiting consumers' accounts. she allows that this could, and i quote, be perceived as the government's taking away

omarova really try to walk back some of those past comments republicans see as very controversial.nking industry is a quote, a-hole industry and saying it would be a good thing if oil and gas companies went bankrupt but she didn't have anything to say when we tried to ask her if she thinks her past is becoming a problem for the president. do you feel like your past comments are too much of a distraction for the president? omarova did address the controversial comments inside of the hearing room today. >> that was a poor phrasing, i admit to it. as i said, that was taken out of context and i actually misspoke. reporter: some republicans say it is not her past comments and published positions but her time growing up in the soviet union are all red flags for them but some senate democrats say her past and her past positions are proof that she is really up for the job. senator warren do you have concerns that dr. omarova said the banking industry is a a-hole industry. >> i think she was talking about many of the people who work in that industry. no concerns i have about it. i have conc

if professor saule omarova had actually been somebody who had been out there saying and writing, man,eed to help the big financial institutions. whatever jpmorgan chase wants is when i'm for, and we should deregulate, we should just let them run the entire country, you realize that the same republicans would be hailing her as someone who grew up under this oppressive regime, and then overcame it. and came to america and fulfilled her dream. her dream to help giant financial institutions. but since that's not what she wants to do, since she has actually got a pretty good record of having written about the abuses in the financial system. talking about the crash in 2008, and how it was brought in on loading up on risks, and regulators who were feckless. as a result, these giant banks, we don't want that woman, we have no, no, no. so they look for a way to push back against her. can't do it on merits. so they go after her for having been born under the soviet union's regime. she was born in kazakhstan. she loses half her family to the stalinist's. they literally, her family, much of her f

today professor omarova, the most academically distinguished nominee for controller of the currency in is always lying whenever he says the words "i don't mean any disrespect." >> good morning, professor. >> good morning. >> you used to be a member of a group called the young communists, didn't you? >> senator, are you referring to my membership in the youth communist organization while i was growing up in the soviet union. >> i wanted to ask you that question. >> senator. i was born and grew up in the soviet union >> yes, ma'am but were you a member of that organization? >> everybody in that country was a member of the communist youth organization -- >> so you were -- you were a member? >> that was a part of normal progress in school. >> i don't mean any disrespect. i don't know whether to call you professor or comrade. >> senator, i'm not a communist. i do not subscribe to that ideology. i could not choose where i was born. my family as you find under the communist regime. i grew up without knowing half of my family. my grandmother herself escaped death twice under the stalin regime.

omarova on her view of cryptocurrency. charlie gasparino, now with all due respect? charlie: let's put senator kennedy's comments in context. this is not a joe mccarthy moment. clearly not. liz: okay. charlie: senator kennedy was raising legitimate issues about her background. she went to moscow state university, yes she's a former soviet citizen, whose not a soviet citizen now but even as she renounced that citizenship, you should hear some of the crazy stuff that's coming out of her mouth. this is not someone i know plenty of people from the old soviet union that hate come communism, think that the communist system is horrible this is not what we have here, because her more contemporaneous comments suggest she is a socialist wants to put companies out of business for collectiveness efforts, she said that, i mean, it's widely documented, so while that snip- it in that very narrow context sounds like he's being too tough on her as a kid, you know, when she was in the young communist, her post soviet union when she's in the u.s. and contemporary remarks are pretty sca

but saule omarova had to sit and field the same questions. ridiculousness, senator elizabeth warren stepped in and decided to put an end to it. >> professor omarova, i know the giant banks object you keeping our systems safe and you may cut into big bank profits. so they and their republican buddies have declared war on you. the attacks on your nomination have been vicious and personal. we've just seen them. sexism, racism, pages straight out of joe mccarthy's 1950s red scare tactics all on full display. welcome to washington in 2021. now, one claim is that you intend to nationalize is banking system. let's get this nonsense out of the way. does the occ have the power to end private banking and to move all consumer deposits to a public ledger? >> absolutely not. >> if the occ did have that power, is that something you would support? >> absolutely not. >> and are you a capitalist who believes in free markets? >> yes, i am. >> and senator elizabeth warren, democrat of massachusetts, joins me now. i got to say, i have watched a lot of absurd stu

omarova, who is kazakh american left to study in the u.s.epublicans to the dubious conclusion that she is an undercover communist. things only got worse when john kennedy of louisiana chimed in with this. >> senator, i was born and grew up in the soviet union. >> yes, ma'am, but were you a member of that -- >> everybody in that country was a member of the communist youth organization. >> so, you were -- >> that was -- >> you were a member? have you resigned? >> from the youth? >> from the young communists? >> you grow out of it with age. automatically. >> did you -- did you send them a letter, though, resigning? >> senator, this was many, many years ago as far as i remember how the soviet union worked was at certain age, you automatically stop being a member. >> well, could you look at your records and see if you can find a copy -- i don't know whether to call you professor or comrade. >> okay. let's talk about this. with me to do that, retired lieutenant colonel alexander vindman. thanks for joining us. as always, we appreciate it. it's gre

reporter: also republicans called into question omarova's time in the soviet union and whether or not she as described to certain communist views. some democrats are coming to her defense calling republican criticism a vicious smear campaign and brushing off other comments she made about the banking industry. >> senator warren, do you have concerns that dr. omarova said the banking industry is a a-hole industry. >> she was talking about many of the people who work in that industry. concerns i have about it. i have concerns she is being attacked because she is the one nominee in a very long time who does not tow the line with banks but thinks they should be regulated. reporter: neil, i had a chance to catch chairman sherrod brown on his way into the hearing. he told me doesn't have concerns that she is not going to ultimately get the full support of every democrat on the committee and said that he is also not concerned that seven democratic senators have either voiced concerns privately or even publicly about her nomination but i also talked with senator kevin cramer moments ago who sa

saule omarova over her views on american banking and companies.all bank accounts into federal reserve's control. the comptroller of the currency is the chief regulator of national banks. senate banking committee republicans demanding her college thesis on karl marx. we'll hear from senator bill haggerty to preview the nomination senate hearing coming up. osha, the occupational safety and health a administration suspending enforcement and implementation of president biden's vaccine mandate order. that was for companies with more than 100 employees. this after a stay from the fifth u.s. circuit court of appeals. they called the mandate, quote, fatally flawed. and moderna resubmitting its fda apa mri case for approval for its -- application for approval of covid booster doses. the agency expected to authorize pfizer booster shots. the jury is set to deliberate for a third day in the kyle rittenhouse murder trial. his defense says they were not provided the same copy as the prosecution of drone footage that was key in the prosecution's case. more prot

we have biden's nominee for comptroller of the currency, saule omarova.hite house wants oil,h coal, gas industries to go bankrupt to tackle climate change. hillary vaughn in washington with much more. hillary? reporter: speaker pelosi says the department of defense needs to reduce their dependence on fossil fuels. she agreed at a climate conference in scotland with a question who made the case the pentagon is one of the biggest polluters in the world. >> the pent gone is a larger polluter than 140 countries combined. >> we recognize that as well. big user fuel. >> the department of defense announced that military vehicleses are going green. not just non-combat cars and trucks but also tactical vehicles will go hybrid using a mix of fossil fuel and electricity. retired general ron spaulding a former b-2 stealth pilot, even if the u.s. military were to go green, our ad very rarelies and china and russia are not worried about their carbon boot print. >> not only they do not care about the carbon footprint of the military, they don't care about the carbon foo

omarova do you think gas prices are good or bad for america?no answer would be fine. >> senator, that's a tricky question because i do remember -- >> are higher gas prices good for america or bad for america, doctor? >> it's probably bad for america. it's not my expertise.e. i'm not sure exactly what you are asking. >> mr. chairman, i would let the record reflect that this witness is having a hard time acknowledging that higher gas prices are bad for america. >> tucker: are higher gas prices bad for america? it's a tricky question i guess they are bad. she doesn't care. none of them care.ue they are for higher gas prices. they are for ending the energy industry which, by the way, is our last functioning sector of the economy in the united states. there will be real poverty if they succeed in doing that they don't care about their effect on you. j.d. vance is running for senate in ohio, where people do care about gas prices. j.d. vance, thank you for coming on. they are telling us inflation is up because there is no denying it. you can look at c

saule omarova,-- kash patel, good to see you. >> great to be with you, maria.nk you for having me. connect the dots for us. you heard devon talking about the brookings institute and i will bring up the davin-- talking about him working as an analyst at washington-based bank think tank which is the brookings institute when he focused on russia. tell me about the connection that he had in brookings. >> yeah, that's a great starting point let's frontload the conversation, maria. john durham issued subpoenas to the brookings institute. i don't think most of america knows that but he issued a federal grand jury subpoena for documentation which we now know he used in the indictment against him and who is he, he was fiona hills former research assistant. who is fiona hill, the world probably remembers she's the one who conjured up the ukraine fiasco in her time at the white house and why is she important, she connected dan to christopher steel, a political operative in the white house connected christopher to the primary source and allowed her to get this false inform

. >> professor saule omarova gets tonight's last word. the 11th hour with brian williams starts now. >> good evening, i'm chris jansing in for brian williams. day -- of the biden ministration. and today there is breaking news, a late night for the house, expected to vote on the sprawling 1.5 trillion domestic plan hours ago. but what we've seen so far tonight is a marathon effort to stall the vote from kevin mccarthy. periodically interrupted by jeers from the democrats. here's a sampling of me what he had to say about the build back better plan. >> you know what americans are going after? one half of those 1.2 million? people who earn $75,000 or last. that's what you are trying to pay this bill from. house is not an order, mister speaker. [noise] >> house will be in order. >> as americans we are supposed to expect less. a >> [inaudible] >> i can look anywhere i want, mister speaker. they now want to dictate to a member of the floor where i can look! >> no republicans were ever expected to cross the aisle to support the measure anyhow. th

i've seen enough of omarova. thank you very much indeed. there you go. score doesn't match what we think about things, well then we're not going to lend to you. so the senators, got, will drill down really hard about her exact position. stuart: >> she explicitly written about this. this is not an ethereal thing. she has written proposals at academic level. this is not about her academic background or the fact she was in moscow. the thing she an has written last five years. it is not only the other stuff. stuart: she gets in, there for at least three years. >> think about what she can do for the financial institutions, how hard life she can make for them. lauren: this is what some senators want like elizabeth warren. stuart: another house democrat announcing retirement. i want to know who it is how many democrats that makes are leaving. last count i got 14 democrats are retiring. is this one more. lauren: congressman butterfield. he represented north carolina since 2002. there is new congressional map. one safe seat within reach of gop. 15 democrats won't

omarova grew up in soviet kazakhstan and camto the u.s. in 1991. as a child, she was quired to join a soviet youth group. th became the basis for senator kennedy's questioning. >> i don't mean any disrespect. i don't know whether to call you professor or -- >> senator, i'm not a communist. i do not subscribe to that ideology. i cannot choose where i was born. amy: elizabeth warren rushed to her defense. >> the attacks on your nomination have been vicious and personal. we have just seen it most sexism, racism, page out of joe mccarthy's 1950's red scare tactics. it is all there on display. welcome to washington in 2021. amy: and those are some of the headlines. this is democracy now!, democracynow.org, the war and peace report. i'm amy goodman. a new york judge has exonerated two men convicted in the assassination of malcolm x in the audubon ballroom on february 21, 1965. this came after the manhattan district attorney's office and the innocence project conducted a nearly two-year investigation that uncovered key evidence was withheld at the trial o

controversy tonight over president biden's nominee to regulate the nation's banking system saule omarovafor alleged marxist views that she expressed in the past. today she had a chance to explain herself on capitol hill. congressional correspondent aishah hasnie shows us. >> i'm not a communist. >> president biden's nominee to oversee the federal banking system says she is a defender of community banking. her critics though think she is a socialist from russia who wants to overall the entire system. >> i don't know whether to call you professor or comrade. >> and that set off fireworks between democrats and republicans at her senate nomination hearing. >> she renounced her soviet citizenship. >> i'm entitled to ask my questions. >> and you were. >> i didn't interrupt you when you gave your introduction. >> a cornell law professor saule omarova grew up in soviet russia attended moscow state university and received scholarship named after lenin. elizabeth warren called the criticism modern day mccarthyism. but it's her recent comments about the banking system crypto currency and fossil fue

>> omarova is in a class by herself, okay? she is breaking new ground, okay?y to the lenin fellowship to the facebook marxist study group. now it comes out she has been pushing federal reserve should make all the credit decisions, banking decisions and bankrupt fossil fuel companies. put that aside. she is lunacy. she will testify this week, if they let her. i don't think they should let her out of the pen, it will be a field day. the other point, look i suspect, i have no particular intel, i suspect jay powell stays. he has a lot of support among democrats in the senate. i suspect lael brainard becomes the vice-chair of all these things. charles: right. >> and then they will have three or four open seats and appoint a bunch of lefties. appoint woke lefties who will not worry about inflation but worry about climate change and gender identity politics and critical race theory. that is what i expect. charles: isn't it so ironic they do all of that they will make things worse though? in terms of income, in terms of wealth equality? whole balance between assets go

saule omarova was born in the soviet union.oscow state university. she wrote a paper on marxism. she does not support those ideas. senator grilled her on her comments on the banking system she would be overseeing and her take on oil and gas companies in the united states and their future and what that should be. john cornyn of texas weighs in. first, aishah hasnie live on capitol hill. hi, aishah. >> hi, martha. yeah, omarova's recent comments that really ruffling feathers on both sides of the aisle. she backtracked on one of them. she was caught on camera calling the coal, oil and gas industry as "troubled" adding that we want them to go bankrupt to tackle climate change. john tester, democrat, confronted her about those comments today. watch. >> do you see how risky it is to make that statement? >> i misspoke. that was not well-framed. my intention was saying the opposite, that we need to help those companies to get restructured. >> also in question, her education in moscow and that really set off fireworks between senator ke

that from saule omarova. a big push to stop her.n msnbc anchor basically americans cannot afford to pay higher groceries and heating bills because on average people have more money. watch this sound bite. >> the dirty little secret here, willie, while nobody likes to pay more, on a average we have the money to do so. household savings hit a record high over the pandemic. we didn't have anywhere to go out and spend. elizabeth: so that makes inflation okay? maybe if she thinks we can all afford it because she can afford it. what do you say? >> that is part of it. so unbelievably out of touch with america. almost mean-spirited, it is arrogant. almost reminds me of the jen psaki remark she said sarcastically she really felt bad for those that wouldn't get their christmas presents and their treadmills for christmas. you know what? people should be able to afford a thanksgiving dinner. it is shameful this will be the most expensive one in our history. people should be able to celebrate christmas and buy gifts. i mean these feelings folks

omarova has said the banking industry is an a-hole industry? in that industry. stuart: oh, well it was a good response. lauren: it was good. look, saule omarova called for shrinking the big banks, carving out a bigger role for the fed that crimps the private banks profits and makes them smaller that is exactly what elizabeth warren wants, clearly. stuart: okay. a fiery hearing, i believe just the other day, right? let's have a look at some of the movers start with williams s onoma down 3%? lauren: they are warning of product shortages lasting until middle of 2022 including this holiday season so it doesn't matter how good the earnings are, how strong demand is, you need product. stuart: hr departments use this workday software. down 2%. lauren: it's popular now because it helps companies fill jobs, right? they are also making an acquisition of a company that helps manage business tasks in the cloud the stock is down but one analyst points out it's a little bit of a breather that hit an all-time high earlier this week. stuart: hotels, now with a

so saule omarova is her name.ornell law professor in charge of regulating our federal banking system. now criminal background check obtained by fox news found she was arrested back in the 90s for retail theft. that misdemeanor was later dropped. the white house has come to her defense saying she has been fully transparent about this incident throughout her entire career. republicans are also raising red flags about her time studying at moscow state university in the 80s. here is a picture from her there. she had a scholarship named after len-in and wrote papers about carl marx. her criticism about the banking system. cryptocurrency and fossil fuel companies is creating waves. she was filmed calling coal, oil and gas quote troubled industries. later adding that we want them to go bankrupt even -- if we want to tackle climate change, right? >> this just reflects the massive bait and switch that america undertook in 2020. biden campaigned as a moderate but put forth radical people. >> they say they're engaged in desp

five moderate democrats are reportedly planning to oppose president biden's banking pick, saule omarova. >> ♪ burning down the house ♪ welcome to allstate. where you can pay a little less and enjoy the ride a little more. ♪ ♪ ♪ ♪ now, get new lower auto rates with allstate. because better protection costs a whole lot less. you're in good hands with allstate. click or call for a lower auto rate today. >> ♪ stuart: troubles that can't be named, i'm sure that's a program we're looking at the beautiful beach right there, it's north carolina, atlantic, north carolina, sunny and 48 degrees and i wish i was there, it's beautiful. five moderate democrats have reportedly told the white house they will not support saule omarova's nomination for controller of the currency, and what's the latest, hillary? reporter: stuart that's a problem because a lot of republicans or all senate republicans on capitol hill also oppose saule omarova's nomination but the concerns coming from these five democratic senators is enough to sink her nomination and not get her out of the senate banking committee to a conf

earlier this month the president nominated salei saule omarova.ed numerous times as an expert witness on financial regulation. she also worked as a policy adviser during george w. bush's administration, but yesterday republican senator john kennedy of louisiana appears to suggest she may have communist sympathies because of her upbringing. take a look. >> you used to be a member of a group called the young communists, didn't you? >> senator, are you referring to my membership in the youth communist organization when i was growing up in the soviet union? >> i want to ask you that question. >> senator, i was born and group up in the soviet union. >> yes, ma'am, were you a member of that -- >> every member in that country was a member of the communist youth organization. >> so you were a member? >> that was a part of normal progress in school. >> i don't mean any disrespect. i don't know whether to call you professor or comrade. >> oh, my goodness. >> senator, i'm not a communist. i do not subscribe to that ideology. i could not choose where i was bo

. >> professor saule omarova gets tonight's last word. "the 11th hour with brian williams" starts now. >>> good evening. i'm which i say january sing in for brian williams. tonight there is breaking news on capitol hill. a very late night for the house, which was expected to vote on joe biden's sprawling $1.75 trillion domestic plan hours ago. but what we've seen so far tonight is a marathon effort to stall the vote from minority leader kevin mccarthy. he's been talking for right around the 2 1/2 hours now, periodically interrupted by jeers from the democrats. here's the sampling of what he's had to say about the president's build back better plan. >> you know what americans are going after? one half of those 1.2 million are people who earn $75,000 or less. that's what you're trying to pay this bill from. the house is not in order, mr. speaker. [ gavel ] >> house will be in order. >> that as americans we're supposed to expect less. i can look anywhere i want, mr. speaker. mr. speaker, i cannot believe the amount of control one party rule

saule omarova, biden's comptroller choice for the currency had this to say listen. >> i'm thinking abouttry and coal and gas industry. a lot of smaller players in the 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, right? charles: so we're going to tackle climate change and we want american businesses to go bankrupt. this is blowing my mind that anyone associated with our government would say something like that. >> it is absolutely absurd. right now if we go back about 10 years ago, the rate of return required on oil and gas development was eight to 10% and the same for alternative technologies. now it is 20% for oil and gas, 3 to 5% for windmills and solar panels and so forth. we are greatly distorting the allocation of capital. once more, look what is going on the street. they have raised the price of oil, gasoline by making it scarcer, essentially discouraging production but we don't have the eclectic vehicles to buy. heck, general motors doesn't have one to sell in their showrooms right now because

comptroller of currency is most important role for the nation banks she would oversee the banks, saule omarova phrased my intention was saying exactly the opposite we need to help those companies to get restructured. >> the fact president biden would even make such a nomination further solidifies how radically liberal out of touch white house views are. >> you still believe the government should not in some situations have seats on the boards from corporations? >> i am with -- margaret thatcher on this one. >> i can't speak speak for margaret thatcher here this morning i got to believe margaret thatcher had vote on your nomination she would be opposed to it. >> hugoive got to say senator john kennedy excellent in his questioning going through omarova's rÉsumÉ, she was part of the young communist club growing up, in the soviet republic, your thoughts on whether or not she has a shot of passing the banking committee never mind entire senate actually getting this job. >> sad silly i think a shot but a very, very slim one, i i mean i think that, her nomination comes up as just exactly wrong time.

democrat jon tester is objecting to this potential nominee saule omarova? lauren: yes.we know it. have the fed set prices? what that does give the government price control. it could give them control of allocating credit. how do you do that? in her world it might be based on social score. so i will read the statement we do have from senator tester. i think it is muted. he says this, some of miss omarova's past statements about the role of government in the financial system raise real concerns about her ability to impartially serve at the office of the comptroller of the currency. i'm looking forward to meet with her to discuss them. if she gets pushed through it will be tough. i think senators are going to rightly want to know, how much has she evolved if at all graduating from moscow state university and writing a thesis on marxism? you can't make it up. stuart: thanks, lauren. now this, matthew mccon hi speaks out of vaccinating children. >> i still want to find out more information. i'm vaccinated. wife's vaccinated. didn't do it because someone told me i had to. cho

five democrat senators say they will not support president biden's controversial banking pick, saule omarovaomination, so why is the white house still backing her 100%? we've got the story right after this. ♪ got me calling out for help. ♪ sos, please, someone help me. ♪ it's not healthy for me to feel this concern. ♪ you are making this hard. ♪ i can't take the it [gaming sounds] [gaming sounds] [gaming sounds] just think, he'll be driving for real soon. every new chevy equinox comes standard with chevy safety assist, including automatic emergency braking. find new peace of mind. find new roads. chevrolet. [energetic music throughout] what's strong with me? i know when i'm ready to run. what's strong with me? i can find strength in a rest day. what's strong with me? there are some nights i sleep so well... i'm ready for anything. find out what's strong with you with daily readiness on fitbit. (vo) the more we do with our phones, the more network quality and reliability matter. and only verizon has been the most awarded for network quality 27 times in a row. that means the best experience wi

and now we have nominee to be the comptroller of the currency, s aule omarova.she is charged with charging, regulating, supervising all national banks. a really important position for a capitalist economy in particular there's -- in particular. there's a problem, though, mr. president. it doesn't seem like she much likes banks or for that matter the free market or for that matter capitalism or the financial system in america. so senators have been coming down to the floor in committee, asking questions, doing our due diligence on this nominee. i want to commend senator toomey in particular who has been doing that, and i've been joining him. so i'm going to talk a little bit more about her background and her ideas, which, by the way, has nothing to do with her race or her sex. nothing. i just want to know what her ideas are. so i'm going to talk a little bit about that. 1989 graduate of moscow state university where she received the lenin personal academic scholarship. that's the vladimir lenin personal academic scholarship. what we know about her writing, yes, s

. >> dana: speaking of naminations, president biden refusing to back away from -- saule omarova qualifieder coming under fire for comments like this one about the energy industry. >> travel industry in transitioning and coal industry and oil and gas industry, a lot of small players in the 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, right? >> dana: okay, when i first heard about her in "wall street journal" editorial, i thought, this can't be true, she wants to end banking as we know it, the white house is sticking with her, john tester, senator from montana told fox business on tuesday that her past statements raise real concerns and he's looking forward to meeting with her to discuss them, that usually signals he's not necessarily going to vote yes. >> when you read her record, it almost seems like a parody of a left wing activist, a moscow state university student -- >> dana: literally. >> as you said wanting to end banking as we know it, she has not fully repudiated these things, she is giving kind

the nomination of professor omarova to be the head, essentially the chief regulator of our nation's banks, that would be the position of comptroller of the currency, has to be approved by the senate. she wants essentially the fed to replace private banks. she recently wrote and i'm quoting her here, there will be no more private bank accounts. and all of the deposit accounts will be held directly at the fed. i just wonder, isn't she a step much too far for the senate to confirm? >> i would think so, david. i mean her, this was not something that was out of the ordinary for her. she has a long track record of these kinds of arguments that would vastly expand the power of the federal reserve at the expense of the privatebanking system. i don't know that we want to go down that socialism road. i mean maybe the people at bloomberg who like empty shelves think that is a good idea but i think for most people they don't want to have washington bankers making decisions about their checking accounts. already, already having the irs look into more people's accounts, i mean, the sense of government

senator pat toomey the ranking member of the banking committee says omarova has very very radical ideasy attacked the fossil fuel industry as many democrats want to force a faster switch to wind and solar at the same time, the biden administration is asking opec to push more oil. in a report out yesterday, opec reiterated increases will be measured in increments going up, ignoring the call from the u.s. to add more supply right away. opec also saying the higher energy prices will mean weaker global demand for oil. now the administration here is walking a line, on one side they have policies that are constrict ing domestic supply that's new domestic supply going out. on the other side you have opec saying no, we're not going to increase drastically the demand to meet the global need for oil. therefore the prices are going up. back to you. neil: edward lawrence, thank you very very much. to democratic california congressman ro khana kind enough to join us. congressman, i know you tried to bridge both sides and a move forward here but there is a perception, it's increasing among the genera

maria: and saule omarova was dumb enough to admit it in a video when she said we want oil and coal companieskrupt because that's how we're going to attack climate change. i mean, she said it. they're going to go bankrupt and we want them to go bankrupt. dagen: yep. indeed. maria: we will take a break. democrats are in disarray, top lawmakers holding emergency meetings to focus on the president's unpopularity even as he says he's ready to run again in 2024. the fallout coming up. what's thanksgiving without a turkey? one mainstream media outlet thinks you can offset the main event. she says don't worry about a turkey and you'll have fewer guests. it's the hot topic buzz coming up. stay with us. ♪♪♪ ♪♪it's a most unusual day♪♪ ♪♪feel like throwing my worries away♪♪ ♪♪as an old native-born californian would say♪♪ ♪♪it's a most unusual day♪♪ ♪♪it's a most unusual sky♪♪ ♪♪not a sign of a cloud passing by♪♪ ♪♪if my heart won't behave in the usual way♪♪ experience the power of sanctuary at the lincoln wish list event. dog barks you're right bunker, the medicare enrollment deadline is almost here. e

should be think about joe biden's judgment to push force for office comptroller of currency saule omarovad have federal reserve issue account five senators said poses the choice no support from republicans is it assumed she is not getting the through the process senator i know you questioned her before, when she testified in front of your committee. >> you know maria when i questioned her i couldn't even get her to acknowledge high gas prices are bad for america, i think in her world, high gas prices means easier to justify new alternative energy sources want to destroy the fossil fuel industry using banking what is next want to abuse fm institution the regulatory bodies that oversee them, the bank industry find out -- right now claimant who knows what is next i cannot imagine she gets confirmation. >> senator let me ask you before you go in terms of timing, let's say, we do not see any vote on the "build back better" reconciliation bill this year, when do you all get back at it? february, march? i mean, let's not forget that also, an election year with midterms in november next year. >>

before we go, i want to except your reaction to saule omarova's nomination, that it could be dead inking -- >> yes. dagen: five senate democrats are now opposed to biden's banking pick. this is for the office of the comptroller of currency. your thoughts on this. she said -- she talked about putting, making small oil producers go bankrupt. this is just part of the really odious commentary that she's delivered, and she did a really poor job when she was speaking in front of that senate committee recently. >> so look at the subtext of the back room dealings here. joe manchin is not one of five opposing. we all know that joe manchin is opposed to a literal communist becoming the banking police, but instead you have mark warner of virginia, you know, you have hickenlooper. the fact is votes are being traded to block the most radical parts of the biden agenda. that says something. we all isn't sinema and manchin to come straight out and defend things, but if it looks like manchin is trading votes, you know, to help out other senators pretty create -- politically, that means they know the

you combine her with omarova who they are pushing for the comptroller of the currency, the soviet-trainedcollege, got rid of the middle man and look at what happened to college tuition. the american public doesn't have to listen to me. go do your own work, go look at what japan did because now, it is universal basic income. now, they are paying people all of this money, they are no longer growing, you should see structurally, ainsley, i know you really are really passionate about society. over there, they have what they call grass eaters. young men who don't want to work , they play video games all night, sleep all day, have no interest in sex, their population goes from 120 million to 80 million people, and it's a basket case. a lot comes with this , when you start to change society where people do not want to work, they don't have to work, things change. we became the greatest country in the world by pulling ourselves up by the bootstraps if we take that away, we're never the same country. ainsley: i know all of your stories we know all of them. it's hard work. pete: widening the welfar