October 4, 2025 • 41 mins
Congressional stock trading and the two sets of rules that hurt average Americans. Former New Jersey General Assemblyman Jack Ciattarelli discusses his race for governor and points out the shady dealings of his liberal Democrat opponent, Rep. Mikie Sherrill, who doesn’t recall making seven million on stock trades while serving in Congress. Tennessee Congressman Tim Burchett tells us how he’s committed to ending corruption in Congress by halting crooked congressional insider stock trading.
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
This deep Dive podcast brought to you by Cozy Earth.
Home isn't just where you live, it's how you feel.
Welcome to Clay and Bucks Deep Dive podcast, taking an
issue and going a little deeper so you can too.
Speaker 2 (00:18):
There are guba of toil races that are underway. Some
of them are going to be hotly contested in important states,
places like Virginia. We had win some sears on she's
a lieutenant governor, very impressive woman. But in New Jersey.
Remember New Jersey was a much closer election. What was it, Clay,
It was not this, but it was it was in
(00:39):
the off year that that that Glenn was up in.
Speaker 1 (00:43):
Point or two in twenty twenty one. And remember Trump's
only lost New Jersey by five last year. And they think,
the Trump team does if they had had Commawa level
money that they could have flip New Jersey into their column.
Speaker 2 (00:57):
So New Jersey is still blue. But it's more interesting
than they wanted to be. But for sure, and this
might help a bit more. This is just one of
the great moments on Charlemagne the God on the Breakfast Club.
Mister the God was sitting down with Democrat candidate New
(01:19):
Jersey governor Mikey Cheryl. So the Democrat, sorry, Democrat candidate
for governor, Mikey Cheryl, and I'm not familiar. That's why
I'm asking people to weigh in a little bit on
what do I need to know about Mikey Cheryl. But
this was a great moment, and mister the God asked
about this, and I think it was worth us all
(01:40):
just hearing for a second, because people are very sick
and tired of members of Congress, particularly who seemingly are
trading in a way in the stock market that mirrors
information that they would only have access to because of
things that they're doing in Congress and making a lot
(02:01):
of money. She was asked Mikey Cheryl about this, and
here is the response from the Breakfast Club a couple
of days ago.
Speaker 3 (02:10):
Play this one when Newsmax claimed that you made seven
million dollars from stock trades? What are they talking about?
Speaker 4 (02:15):
News Max is first of all, a very questionable organization
that is paying multiple fines. I'm not sure what they're
talking about.
Speaker 3 (02:23):
Well, did you make seven million in stock trades at all?
Speaker 4 (02:25):
Though I haven't. I don't believe I did, but i'd
have to go see what that was alluding to, again,
what kind of came from uh clay.
Speaker 2 (02:39):
I think if you're a member of Congress making about
one hundred and eighty grand, By the way, I think
that if you made seven million dollars trading the stock market,
whether somebody else is making those trades on your behalf
or you're making them, I think you should.
Speaker 1 (02:54):
Know, unless you're a billionaire and so rich that you
could plausibly say I don't know what happened with seven
million dollars. Ninety nine point nine to nine percent of
people in America would know if they made seven million
dollars or not in the stock market. A lot of
(03:16):
you out there would know if you made seven hundred
dollars in the stock market or not. Certainly seven thousand
or seventy thousand, to say nothing of seven million.
Speaker 2 (03:26):
These people are so bad at this buck.
Speaker 1 (03:29):
I just I watched so many of these politicians, and
we've reached out, by the way to Jack Ciarelli, who
is the Republican contender who almost won in twenty twenty one.
He is the nominee on the Republican side for this race.
To remind all of you Virginia and New Jersey and
the mayor of New York City are all off calendar elections,
(03:52):
so they will be taking place this November. That's in
basically six weeks. Some of you basically can already go
early vote on these. I just I mean credit to
Charlotte Mane, the god who is of the left, I think,
but is kind of pointing out a seven million dollars
Can you follow up and just kind of tell us
about coming here?
Speaker 2 (04:11):
All right, I've got some I've got some some stats
and numbers to throw into the mix here. Cheryl makes
I said one hundred and eight one hundred and seventy
four grand as New Jersey's eleventh congressional district rep. So
she remember, they have financial disclosures everybody, so we can
know this public it's public record how much money these
(04:35):
individuals have within a range, but you have some sense
of it, right, So in twenty nineteen she reported total
assets between seven hundred and thirty and I'm just gonna
abbreviate the numbers year, but seven hundred and thirty thousand
and four point three million dollars. Now that's a huge range.
By the way, yes, does that includes your house?
Speaker 3 (04:52):
You know?
Speaker 2 (04:53):
To anybody listening, the difference in being worth seven hundred
grand on paper and being worth four million on paper
feels like a lot. But anyway, that's where she was.
But Clay in her most recent one, in her most
recent disclosure form, she's worth more like twelve million. Yeah,
this and so and so. You say to yourself, wait
(05:15):
a second, she's making one hundred and seventy four It's
not like she had some huge trust fund, because we
would know that from the financial disclosure forms previously. So
somehow she has and Jack Chidarelli has come out and
hammered her on this somehow while a member of Congress
sitting on the Arms Services Committee who allegedly has a
(05:37):
fondness for trading clay and defense stocks, saying, interesting, she
has gone from being worth you know, let's call it
a couple million dollars to put it in the middle,
to being worth about twelve million dollars. I mean, she
could be worth as much as four million there even still,
that would be a tripling of her net worth while
making one hundred and eighty grand a year.
Speaker 1 (05:59):
Now, sometimes spouses make the money, which can also sometimes
be suspect, right because they'll say, well, this is not
the money that I'm making this is my spouse. I
think this is what happened with and I don't even
know who her spouse is now, but.
Speaker 2 (06:15):
Elon Holmen Now's we'll get he's an investment banker, so
his compensation may be a significant part of this. But
lay she was fined for failing to disclose stock sales
in twenty twenty one.
Speaker 1 (06:29):
Well, this is where it gets very shady. Okay, correct
me if I'm wrong on this, because this seems like
something that shouldn't be allowed. You basically cannot prosecute elected
officials like congressmen and senators for insider trading. Correct, because
they get all sorts of information that is not public
(06:49):
and then they're allowed to trade on it. And this
is where it gets super shady. This is like the
Nancy Pelosi situation. The spouse oftentimes is the person who
actually trading on this, and they are able to monetize
this in a way that is hyper shady. Remember, if
you look at Nancy Pelosi's trading record for stocks, she's
(07:11):
somehow better than Warren Buffett at buying and selling stocks.
There's a Nancy tracker out there where you can look
at all the moves Pelosi makes because they have to
disclose it. I don't understand why it isn't basic required
for everybody out there to put their holdings in a
(07:34):
trust and just use that. Let me give you an example, Buck,
most of my money after I sold out Kick that
is not in real estate is in S and P
five hundred index funds.
Speaker 5 (07:48):
That is, I just.
Speaker 1 (07:48):
Buy the five hundred largest companies in America. Ninety percent
of the time the S and P five hundred outperforms experts.
I am not buying large buying and selling very many stocks. Now,
there's no restriction on me buying and selling very many
stocks in the first place. But I would say about
five percent of my stock assets are in physical stocks
(08:11):
that I control, and about ninety five percent is effectively
an S and P five hundred index funds. I don't
understand why it isn't standard for everybody, Democrat, Republican, independent,
who was elected to Congress to put their assets their
four oh one k their individual stocks, just put it
into a index fund and say, I'm not going to
buy and sell individual stocks while I'm a representative of
(08:34):
the United States Congress.
Speaker 2 (08:36):
What am I missing here?
Speaker 1 (08:37):
To me? That seems like it should be standard for
everyone out there. And if they're arguing otherwise, I think
it's highly suspect for people to be trading hundreds of
times in a year. And remember what happened during COVID,
because I haven't forgotten this. Remember when they got the
briefings about how dangerous COVID was going to be, what
(09:00):
was going to happen, and a ton of congressmen and
women immediately sold all their stocks before the stock market
started to decline. They got access to information that you
and I didn't have access to about what was going
to happen in terms of shutdowns. The stock market plummeted,
and a lot of congressmen and women sold before the
(09:21):
stock market collapsed, and then bought at bottoms and made
a ton of money off information that's not public. I
don't know what I'm missing here. This candidate, I think
is lying. I think she has likely benefited off inside information.
But this is important. When it comes to corruption. We
don't just focus on corruption itself. We focus on the
(09:44):
appearance of corruption because it's so toxic to public trust.
How is there not a direct appearance of corruption when
individual congressmen and women are making trades and destroying the
greatest investors of our lifetimes in their results.
Speaker 2 (10:02):
Just just so everybody understands, in something like the National
Defense Authorization Act or one of those big omnibus or
you know, Perculus or whatever you want to call it,
these big bills that come out where they're just full
of pork and they're full of all this spending. If
you're on some committee and you know that a certain
defense contractor, for example, is about to get correct, a
(10:25):
three or five or ten billion dollar government contract, guess what,
it's probably gonna go up as a stock. Okay, I
think we all understand that. And so if you are
essentially now you know the rules. They've changed the rules
so that technically there's like a little more reporting and stuff,
but you're not barred from trading. And let's just let's
(10:46):
just take let's just be honest about this. Have you
seen anybody get in trouble for insider trading from the
United States Congress. No, I'm not aware of it.
Speaker 1 (10:53):
Right now, I think, but that they're not. You're not
allowed to be prosecuted for it. I think they to
the case. They changed the rules. Let me let me
check on it. They made some the Stock Act.
Speaker 2 (11:02):
They made some adjustment to it, but I think it's
like you can't be prosecuted for knowledge that comes from
the course of your job, which is the whole point
of that. Let me check on this one. I got
to see what the rules are because this was clay.
This has been a push for over a decade. People
have been trying to, you know, trying to figure out
(11:22):
why members of Congress are able to get so rich.
Speaker 1 (11:26):
But larger issue, Yes on that. To me, it's just
it shouldn't be allowed minor issue or secondary issue as
it pertains to this race. If you made seven million
dollars in stock trades, you better have a good explanation
for how that happened. And again the husband may well
(11:49):
be the reason. But to claim, oh, I don't know,
I'd have to look into that. How out of touch
are you if you can make seven million dollars and
not recall whether or not it happened, unless you're a
billion air and your stock price valuation is constantly going
up and down. Again, all I'm saying is, I'm not
a congress person. SNB five hundred index funds a good option.
(12:11):
Why would we not make that standard for anybody? Who's
in elective office. Now, there are some complexities, usually blind trust,
and this is getting into specifics. Let's say you own
a company and that company is publicly traded. You can
just say, hey, I'm not going to buy or sell stock,
or it's a blind trust, I'm not managing it. There
are lots of ways to handle this that do not
(12:32):
create this huge, this huge impression of impropriety that to
me would make a lot of sense.
Speaker 2 (12:40):
Well, I just would note Clay, So two former members
of the House of Representatives have been prosecuted and convicted
for insider trading, which the Stock Act of twenty twelve,
that's what I referred So this has been going on
for a while. So there is this Stock Act. It
doesn't bar them from trading. Obviously there's disclosure requirements. But
here's the thing. It's super hard because because of the
(13:00):
information that they're coming to contact with is of a
political nature. It can be very like if you're going
to invest in a big defense contractor what's how do
you know that you don't just you know, they get
into this mosaic defense strategy for white collar criminals have like,
well did I do it? Because I thought of this
bill that's coming up, or because I love the fundamentals
and I know I read the latest ten K.
Speaker 1 (13:21):
I mean that's well, also curious on whatever, I would
be curious what the prosecution for insider trading is because
those guys could have been prosecuted for actual insider trading
that had nothing to do with Congress.
Speaker 3 (13:36):
Right.
Speaker 1 (13:36):
In other words, I believe the testimony that you hear
behind closed doors is not allowed to be prosecutable for
insider trading. You could still be prosecuted if, for instance,
you're out of office and your cousin calls you and
he sits on the board of X company and he says, hey,
we're about.
Speaker 2 (13:56):
To That's what happened.
Speaker 3 (13:57):
Yeah.
Speaker 2 (13:57):
By the way, this they actually were not prosecuted. This
is very in clarification. They were not prosecuted for anything
under the Stock Act or anything having to do with Congress.
They were prosecuted for insider trading access they had before
being in Congress. Yes, that's a different thing. This is
what I'm saying, Like, you.
Speaker 1 (14:14):
Basically get a free reign to insider trade at Congress.
Speaker 2 (14:17):
So my initial premise of like no one in Congress
has ever that no one in Congress has ever been
prosecuted for insider congress insider congressional information that is true.
This is a Clay and Buck Deep Dive podcast. All right,
welcome back into Clay and Buck. One of the big
elections that is going to be determined in this November
(14:38):
cycle is who's going to be the governor of New Jersey,
the Garden State, a place near and dear to my
heart as a lifelong New Yorker. It's like our close
cousin next door. I feel like I'm like an honorary
New Jersey and in so many ways, and we've got
we've got the man who is trying to make sure
(14:58):
that it does not fall deep into communist hands. Jack
Chindarelli is with us now. He is the Republican candidate
for governor of New Jersey. Jack, appreciate you being with us.
Speaker 3 (15:11):
Thank you for the time. Guys looking forward to it.
Speaker 2 (15:13):
Look, you had a great run back in twenty twenty one,
just a few points from beating Phil Murphy. And you
know we were talking about it then, we were giving
you the high five. I know it was too much
to ask in that cycle to pull it off, but
she came very close. It was a heroic finish. Nonetheless,
this time around, mister Jack, I'm seeing polls with you
(15:36):
dead even, maybe even a couple points ahead. Can you
pull it off?
Speaker 3 (15:41):
Need?
Speaker 2 (15:41):
What do we need to know about this race?
Speaker 3 (15:44):
That it is a dead heat right now? And that's
really good news for Republican I mean, we are the
minority party in the state, but we're going to continue
to get out there over the last thirty nine days.
Make it happen. And when you see Democratic mayors across
the state in Dorsey, Mike candidcy, I think it only
reaffirms that people across the state have had it with
Phil murphy sale policies, and they know that my opponent
(16:05):
is Murphy two point zero.
Speaker 1 (16:08):
What should people who want you to win. We've got
a big audience all over New Jersey. What should they
know to do? What should they know about when early
voting starts? How to donate? Give us your pitch right now?
You said, I think thirty nine days out. What needs
to happen in the next thirty nine days. What should
people listening to us right now do to support you.
Speaker 3 (16:29):
The vote by mail ballots have already been mailed. They
went out last week. So if you're a vote by mail,
vote by mail ballot voter. We want you to get
that in. There'll be nine days of early voting leading
up to election day and then of course Tuesday the fourth.
But what differentiates me from my opponent is Cheda Relly's
have been here for one hundred years and three generations
of Cheddarrellyes, of a loving business owners and created jobs
(16:51):
read here in New Jersey. My opponent hasn't been here
all that long, and she spent happetizer's been here in
the Congress, and during that time, she tripled her net worth,
broke federal law on stock trades and stock reporting for
congress people.
Speaker 2 (17:04):
Now, what would you Let's let's before we get into
what she would do, other than apparently make a lot
of money in the stock market on some defense stocks
that she doesn't remember. You know, it's seven million here,
seven million there. I mean that's a.
Speaker 1 (17:16):
Second when Charlemagne, the god to Buck's Point can ask
her how did you make seven million dollars and she says,
I don't know basically, or she had no idea how
she made it. I think that's pretty tough for most
New Jerseyans out there to say you know. I think
i'd know if I made seven million dollars.
Speaker 3 (17:33):
It's a disqualifier. Who wouldn't know if their net worth
A triples in such a short period of time. Who
wouldn't know where an additional seven million dollars came from.
Here's what we do know. She broke federal law and
had to pay fines for it as a congress person. Well,
here's what else? Is something we know? The New York
Times reports while she was sitting on the House Armed
Services Committee, she was trading defense stocks. I mean, this
(17:56):
really calls into question her character, as does the stunning
revelation of yesterday that she didn't participate in the graduation
ceremonies at the Naval Academy back in nineteen ninety four.
Speaker 1 (18:06):
And now we saw that story about the Naval Academy,
and we talked about it yesterday with our friend Ryan Gardusky.
What is that story? I think it was from nineteen
ninety four, and why does it matter to you? How
does it connect to her today?
Speaker 3 (18:22):
She's built her entire political brand around the fact that
she attended the Naval Academy, but she hasn't been transparent
with us. The Naval Academy punished her, and we believe
it's for lying, and so she did not get to
participate in her graduation ceremonies. She can clear this all
up by approving the release of her disciplinary records. She's
(18:45):
not doing that, and I think that tells us a
whole lot. And for her to say that, what she's
been saying out there in the public, I think it's
code for having lied to the investigators. Quite frankly, she's
saying that she covered for her friends. Who did she
code for lying to investigators.
Speaker 2 (19:02):
Now, we got a lot of wo R, which is
our New York City based affiliate. Obviously that signal is
huge all across particularly the northern half of the Garden.
It reaches well beyond that. We have a lot of
listeners who are commuters in the New York City who
listen on w or Jack and so they're very interested
to know what are you going to do if you
become governor? To make what is I'm from Manhattan, so
(19:26):
we like to make you know. The occasional give a
little ribbing to New Jersey. But I love New Jersey.
It is a great state, beautiful state, a lot of
things going for it. What are you going to do
to take New Jersey to the next level, either problems
to fix or just things to focus on in the future.
If you are in fact able to pull off this
very very photo finished governor's race, we.
Speaker 3 (19:49):
Are going to pull it off. And there's a number
of things we're going to do in cleaning those things
on day one. But here's one thing I'm never gonna
do is lie to the people in New Jersey. This laughable, illegitimate,
not feasible up plan that she's put forth to declare
a state emergency to freeze our electricity rates. Why would
we want to freeze them at an all time high?
We want to lower them. I could do that on
day one by pulling out of the Regional Greenhouse Gas Initiative.
(20:12):
This is a carbon tax policy that's been in places
Murphy took office. The air is no cleaner, electricity as skyrocketed,
and rate payer dollars are going to other states. I
could save half a billion dollars a year in rate
payers dollars, homeowners, tennants, and businesses. We need to get
electricity rates down. Also, on day one, I'll end the
Immigrant Trust Directive. We'll no longer have sanctuary cities and
(20:35):
we will not be a sanctuary state. Also, on day one,
I'll give us an attorney general that supports both police
and parents. The current Attorny Jones does not.
Speaker 1 (20:45):
You lost, as we said, very close race in twenty
twenty one, Trump lost a very close race in New Jersey.
I think it came down to basically five points. The
Trump team said, Hey, if we had the money Kamala had,
we could have poured it in. We might have been
able to win New Jersey. Why is New Jersey moving red?
And why do you think now is the time when
(21:07):
you're going to kick the door down and win this
race here in thirty nine days.
Speaker 3 (21:11):
It's all because Phil Murphy's policies have has failed. Across
the board. Taxes up every year since he took office,
spending up seventy percent. When he took over, the state
budget was thirty six billion. It's now fifty nine million,
seventy percent increase. Housing. We've got an overdevelopment crisis going
on in our suburban communities. Public education we slip from
(21:33):
two to twelve on the national report card with all
the learning laws in the post pandemic world, because he's
shut down the schools for two years. Law enforcement, nonviolent
crime has spiked, break in his car, thefts, flash mubs
on the Jersey shore, and on our malls. Why because
his attorney general's handcuffed our local police. These are the issues,
(21:53):
and they represent policy failures in the past seven plus years.
And my opponent has endorsed every one of these policies.
In fact, in some cases, like the wind farms, she's
doubled down.
Speaker 2 (22:04):
It's remarkable to see how I think there was a
clip already circulating Jack of Mikey Cheryl saying your opponent
that she can't even commit to not raising taxes on
the middle class like she's. Tax raises are on the
table all across the board from what I can understand,
which for your state is already pretty heavily taxed date.
(22:24):
From what I understand, I mean, I was living in
New York City, where it's completely insane, but New Jersey
taxes under Murphy have been rough.
Speaker 3 (22:31):
This was an astonishing moment at the debate. She's been lying, Lee,
lying blatantly about me raising the sales tax to ten percent,
and yet at the debate when I was asked, I said,
the sales tax is not going to be increased. I
will lower property taxes, I will lower income taxes. I
gave specific ways on how I'm going to do that
in a very fiscally responsible way. They then asked her
(22:53):
the same question, and she said, I'm not going to
commit to anything. So wait a second. You're lying about
me raising taxes, and then when you're asked whether or
not you're raise taxes, your answer is I'm not gonna
commit to anything.
Speaker 1 (23:06):
When I travel around, and I know this has been
an issue in New Jersey too, it doesn't matter where
you're from, a lot of people see men and women's
sports as a clarifying, crystallizing issue. I know it's a
big point down in Virginia, but a lot of moms
and dads in New Jersey are fed up with the
cultural ridiculousness of the Democrat Party. Do you feel that,
(23:27):
even having accelerated since you last ran in twenty twenty one.
Speaker 3 (23:33):
Parents are very upset about a number of these far
left liberal policies. Policy fifty seven to fifty six school
districts keeping secrets from parents. We're gonna stop that on
day one. Our children are best off when our school
districts and parents work in partnership. Biological boys playing in girls' sports.
That's one of those any twenty issues in New Jersey,
(23:54):
more than eight out of ten people don't agree with that.
And so these are the policies the lgbtque curriculum in
our public schools. My opponent has said she will not
let parents opt their kids out of that lesson. I mean,
these are eighty twenty issues. But again, she's not from
New Jersey. She's out of touch, she's toned, deaf. It's
(24:14):
just another reason why we're going to win this race.
Speaker 2 (24:16):
Now, what is to the degree you can speak to this?
I know you got a big state, millions and millions
of residents, but some of the what's the profile would
you say of the late breaking voter at this point?
Is it independents that are going to be the difference maker?
Is it Democrats defecting from the high taxes and some
of the other policy matters we've talked about it. Who's
(24:38):
going to be the deciding cohort in your home state?
If in fact we're able to see you get across
the finish line with a.
Speaker 3 (24:44):
W for sure, moderate Democrats and unaffiliated slash independent voters
the ones that are still undecided, and I really do
believe that after eight years of Phil Murphy's policies and
us going around the state the way we do, offering specific,
re sponsible, thoughtful proposals on how to fix New Jersey,
at the end of the day, we're gonna win this race.
Speaker 1 (25:06):
Are you Here's the final question for you, Jack. This
is important and you may want to dodge it. Are
you a Yankees Mets guy? Are you a Jets Giants guy?
Who are your teams? Because I know there are a
lot of people out there and the Ryder Cup's going on.
I even said to my team, I'm a little bit
surprised he's not there with the President right now rooting
on Team USA, because I bet there's a lot of
New Jersey guys and gals that are out at the
(25:28):
golf course right now as well.
Speaker 3 (25:31):
Well. I'm a Yankees guy, and they frustrate us a
whole lot over the summer. But this Veterans team is
rising to the occasion when it counts most. And here
we are with only three games left and they're tied
for first.
Speaker 2 (25:41):
Go.
Speaker 1 (25:42):
Yeah, there you go, Governor. I hope good luck. We're
gonna help put you in the governor's office. If everybody
out there listening right now, gets their votes in and
works as hard as they can for you. One last
time here as you go to break, where should people
go if they want to offer you support?
Speaker 3 (25:59):
Jack dot com and that's the number four JACKFOURANJ dot com.
I greatly appreciate that.
Speaker 1 (26:05):
Good luck, sir. That is Jack chare JACKIEB. We need
to do every day and we're happy to have you
on anytime down the stretch run here we can help out.
But again, everybody check that out. Get your votes in.
New Jersey is in play and Jack Chiarelli needs to
get the win for all of you.
Speaker 5 (26:23):
You're listening to a special Clay and Buck Deep Dive podcast.
Speaker 1 (26:29):
Welcome back in Clay Travis Buck Sexton Show. We are
joined now by Congressman Tim Burchett of the Great State
of Tennessee. Government is shut down. We're gonna get into that.
But Congressman, you wanted to come on because you're as
fired up as Buck and I were about the amount
of stock trading that some of your colleagues are engaged in,
(26:52):
and not just stock trading, some of the best timing
that has ever existed in the history of the world.
I mean Nancy Pelosi is Warren Buffett level investing savants.
Isn't this just even if it's not actually improper, it
certainly has the appearance of impropriety, which I think demeans
(27:14):
the overall value of trust in public servants. I think
you probably agree. It's kind of crazy, isn't it.
Speaker 5 (27:23):
I agree with one hundred percent, and thank you so
much for letting me come on with you. It's an honor.
Congress is broke, and it is crooked as a dog's leg. Brother.
There's no other explanation when a congressman can make six
hundred percent return on their investment, and you know, and
day in and day out, or three hundred or two
(27:45):
hundred or whatever. I mean, just go on the Unusual
Wales website and read the top hundred. It's unbelievable. It
is unfreaking believable. I mean, people are making a living
now of just following Nancy Pelosi's stock trades. Yeah, Horton Buffett,
Warren Buffett needs to go to the front porch and
sit there and play with his grandkids or something and
(28:06):
just turn it over to Pelosi. It is unbelievable. And
we can't even get the bill in committee, neither party.
They're gutless. They are gutless, and it is shady as
all get out. And I have a I had a
twelve thousand dollars portfolio, my buddy Tommy Siler managed. Everybody
(28:26):
needs a dad gum mutual fund, and that's what we
ought to do. And I get sick and tired of
hearing people in Congress say, oh, I'm sacrificing so much,
Well that gumt go home and let somebody else do it.
That's not sacrificing so much. America is tired of this garbage.
It is broke. You've called it out. We've called it out.
(28:48):
And here's what's going to happen if we do get
this bill before and Luna has represent Annapoline Aluna, she's
going to try to if we don't get this bill
out that everybody's been working on, which is a little
too big and a little too beautiful in my opinion,
but still she's going to take my bill, which is
a clean bill. It just says no stock trading, you know,
(29:10):
for members of Congress unless it's a mutual fund and
your siblings and your wife and spouse whatever, and that's it.
That should be it, you know, make the dad gum sacrifice.
It's crazy. You know, I make skateboards and I'm sixty
one years old and I haven't broke my neck yet.
I made one for Tulca Gabbard a couple of weeks
(29:32):
ago and she loved it. But yeah, I always tell
people that when I work on these skateboards, it's cheaper
than a psychiatrist. It's good therapy for me. But people
want to buy them, so I'm trying to sell them.
I went to the ethics people and I literally have
to get I'm getting a business plan together. I've had
to hire an attorney if I want to sell skateboards.
(29:52):
But dad gummut, if I want to do insider trading,
just become a member of Congress, and it rains on you.
Speaker 1 (29:59):
It is why. And you know I was going off
on this congressman because my thing is I now have resources.
I've been in a position where I had nothing and
actually owed a lot more money.
Speaker 5 (30:11):
Go to law school.
Speaker 1 (30:11):
It's not cheap. I owed a lot more money than
I had assets for a while. But just doing what
you're saying is actually really good advice by S and
P five hundred Index funds by big groups of stocks.
We're not even saying, certainly that members of Congress can't
own stocks. It's just don't trade individual stocks like this
(30:35):
is having a blind trust and just having a large
basket of mutual funds or index funds is actually really
smart advice for anyone out there listening to us right now.
And it's crazy to me that, first of all, your
job should be pretty busy, the idea that you should
be pulling out your phone and doing individual stock trades anyway,
(30:56):
it feels it just feels bonkers to me that this
is going on.
Speaker 5 (31:00):
Well, some of them do hundreds of hundreds, I know,
trades in a year. And can I give you one
example that everybody can follow and can understand. During the
Biden reign of terror, when he decided to give our
missile defense system to Ukraine, which I don't vote for
any more any I haven't vote for any dollars for Ukraine.
I'm sick of that. But anyway, that's another story. Well,
(31:23):
it turns out that members of some of our military
committees that had access to that information had bought stock
and guess what the missile defense companies over just some
of them a couple of weeks prior to it. Now,
why do you say, what does that mean? Well, we
had to replenish ours in a no bid, multi billion
(31:44):
dollar contract with these companies overnight, so you see their
stock prices would go up dramatically. And yet that's common
practice in Congress. They can watch the trends. You're in
the meetings. You know, you hear out COVID, You hear
I was in the meeting, you heard about COVID, and
I remembered I had I had bought Denny Stock, and
(32:06):
all the left accused me of some kind of insider trading.
I left the DAD meeting because the Democrats wouldn't let
any of the They had all their staff members in
the seats and we couldn't get any seats. But anyway,
I have I've just come to the conclusion that we've
got too much information and generally the vast majority of
(32:27):
the people up there probably aren't doing something incredibly shady.
But we know that this time in and time out,
when they just seem to just defy all logic, every
odd and the odds of trading, and every month they
turn in these huge gains, and it's just baffling to
(32:47):
me that we allow that to go on, and we
could sit here and tell the American public that nothing's
going on.
Speaker 1 (32:54):
How does this shutdown end up ending? Congressman? Like, where
does it go from here?
Speaker 5 (32:59):
When Schumer sees his polling numbers declining, I think what's
really behind it? And this is my theory. I've put
it on people, and they've agreed with me. Schumer is
looking in his rear view mirror right now, and all
he sees is a AOC and that big grint on
hers bearing down on him. He knows that she can
(33:20):
raise millions of dollars overnight. Just that was me snapping
my fingers overnight, Hollywood. All the elitists, they'll be throwing
the money at her. And all he's doing is watching
that New York mayor's race, where literally a Marxist communist
will win, probably unless something less. God Shine's favor upon
(33:42):
the poor folks in New York that don't know any better.
Speaker 1 (33:46):
By the way, God shining favor on the poor folks
of New York actually means Andrew Cuomo should win. That's
how bad of a situation they're in.
Speaker 5 (33:54):
Yeah, yeah, yeah, Well that's you're very accurate. You're very accurate.
But the truth is is that Schumer is watching his
review mirror. He knows his polling numbers, and the reality
is he needs to go back to flipping raw cheeseburgers
on his grill and playing with his grandkids if he
(34:15):
has any, and get out of this thing he has left.
You know, he wasn't a moderate, but he was just
an old classic liberal and now he's just turned far
left as you can get. And all it is is
about staying in power. And that's what Washington, DC is
truly about. In leadership. They love the suburbans, they love
(34:36):
the you know, far deep with security, they love the spotlight,
they love never standing in line. They love the security.
They love the access and yes, the access to the
inside information. And when they're out of leadership, it's gone.
It's gone. All that is gone and they can't stand it.
And his time has come and gone, like a whole
(34:58):
lot of them that need to be out of there,
but he is. That is why he's going to wreck
this country. It's just to keep himself in power. And Hakem,
you know, he's out there talking about something nobody's paying
attention to him. He's saying how the House, Republicans are
shutting government down. We voted to keep the Dad game
government open. Only one Democrat voted with us. And you know,
(35:20):
the whole thing is just it's so obvious. And as
soon as his polling data flips on him, he'll be
at the table with Trump. But he won't be till then.
Speaker 1 (35:30):
We're talking to Congressman Tim Burchett at Tennessee. How did
you get into skateboarding and making skateboards?
Speaker 5 (35:37):
Well, I didn't smoke pot and I didn't drink, although
since I've become a member of Congress, I've fiercely considered
taking on crack cocaine just to take off the edges.
But but no, I just always liked it. I like
I like the physics of it. And and I'm an inventor.
I've always just make stuff. And I had a little
(35:57):
piece of plywood and some old skates and I put
it on there and I would just and you could
those are death traps, you know, And I never and
you know, my dad would challenge me, if you can
get to the end, to see if you get to
the end of the driveway or something, and you know,
eventually I would and then and so I and I'm
just I've always been fascinated by bamboo. It's poor man's
(36:21):
carbon fiber. I read an article on it in nineteen
eighty in a National geographic and so I started just
I've always done stuff and tinkered, and now that I've
got some equipment to do it. And my major was
technological adult Education, certified to teach shop. Basically, I can
weld and build engines, and I can burn your house
(36:44):
down if you want me to go wired. I'm not
very good at that, but I can do all those things.
I can do casting and just all the stuff around
the machine shop. But I just like it. And then
I'm a capitalist at heart. And I read somewhere that
there's a I think it's a five billion dollar industry
in this country. Now I don't want all five billion
(37:05):
of it, but I wouldn't mind shaving a little off
the edge. And so, you know, I make it out
of recycled stuff, mainly because I'm cheap. I guess I'm
fiscally smart, but you know, I use old palettes and
I've been using banana fibers off of banana plants that
I've grown, and I'm just just all over about it.
(37:25):
I just and and skateboards something you can make small
and you can transport easily, and kids dig it. And
when you see a sixty one year old out there
with his vans on skateboarding on a board that he
built himself, it's kind of cool and it's good to
bring up conversation. And you know, and I like it.
(37:45):
And again, as I say, it's cheaper than a psychiatrist.
Speaker 1 (37:48):
We're talking to Congressman Tim Burchett of Tennessee. All Right,
I got the ultimate controversial question for you here to
close up the interview, Congressman, all Right, better decision, who
made the better decision? Who made the worst decision? I
know you are a big University of Tennessee football fan.
Nico going to UCLA transferring from Tennessee going to UCLA.
(38:14):
UCLA is now lost every game. His head coach has
been fired, his offensive coordinator has been fired. Sorry UCLA
fans out there catching astray. You didn't expect this. Okay,
Nico to UCLA. That choice or Kamala Harris picking Tim
Walls as her vice president. Who made the worst decision?
(38:36):
Who made the better decision? You're on the floor.
Speaker 5 (38:41):
I'm gonna say Kamala because she was a train wreck anyway,
and she just picked a bigger train wreck. I almost.
You know, they always pick somebody who always still like
somebody that's not going to overshadow him a lot of times.
But I JD Vance, as we say, and he's Tennessee.
(39:02):
He kicks a mass I like JD. He's strong, and
he's kind of a buddy of mine, I guess. But yeah,
that gum when they call him tampon tim or something,
I don't like saying it, but he is just a
He's a knucklehead man. He just can't get out of
his own way. I don't know who he was running
(39:24):
against to get elected governor out there, but that gum
must have been a convicted fell and getting ready to
go to the electric chair or something. I'm not sure
the Republicans put up against him, But yeah, Nico, I mean,
he just took some mad advice. But he's he'll get
a little bit of a paycheck and if he's he
can just get all his groupies and family away from him,
(39:44):
he might be okay. He might be able to salvage
something in the Canadian Football League. But yeah, that's where
I'm at. Before I get myself in any more trouble.
Speaker 1 (39:53):
Well, I've already taken. The headline for the New York
Times is going to be Tennessee Congressman Tim Burchett praises
Nico for his movie to UCLA. Hey, this is this
is a lot of fun, and I would argue I
love the Tim Walls. You may have seen the meme
Congressman where it shows Barack Obama and he says I
need someone dumber than me, as VP Joe Biden. Joe
(40:16):
Biden says I need someone dumber than me, as VP
Kamala Harris. Kamala Harris says I need someone dumber than me,
and it's Tim Walls. There's a lot of truth to that,
and we have seen a rapid descent and intelligence across
the board there. We appreciate the time. If people want
to get the skateboard, by the way, where do they go?
Speaker 5 (40:37):
Well, nowhere yet I'm okay, I got a business plan.
I got to put it on ethics and so they
can approve it or not.
Speaker 1 (40:47):
Hey, if Hunter can sell paintings for five hundred thousand dollars,
I would think you could probably sell a skateboard for
a couple of hundred bucks.
Speaker 5 (40:54):
But what do I know, Well, the Biden family couldn't
spell ethics, so I got it. I just want to
be the man my little girl. Thanks, I am so.
I'm most trying to follow the worlds here. I get
my lawyers involved and we'll get it all worked out eventually.
Hope talks the end of the year, hopefully in time
for Christmas.
Speaker 1 (41:14):
That's the goal, just in time for Christmas. Hey, we
appreciate the time. Go big Orange and we'll talk to
you again soon.
Speaker 5 (41:20):
Thank you, brother, appreciate y'all.
Speaker 1 (41:22):
Man, he is great. The next time you don't join
a conversation because you just don't know enough about the topic,
listen to a klan Buck deep dive. It's boot camp
for the brain on any given subject. Find deep dives
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This deep Dive podcast brought to you by Cozy Earth.
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Welcome to Clay and Bucks Deep Dive podcast, taking an
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Speaker 2 (00:18):
There are guba of toil races that are underway. Some
of them are going to be hotly contested in important states,
places like Virginia. We had win some sears on she's
a lieutenant governor, very impressive woman. But in New Jersey.
Remember New Jersey was a much closer election. What was it, Clay,
It was not this, but it was it was in
(00:39):
the off year that that that Glenn was up in.
Speaker 1 (00:43):
Point or two in twenty twenty one. And remember Trump's
only lost New Jersey by five last year. And they think,
the Trump team does if they had had Commawa level
money that they could have flip New Jersey into their column.
Speaker 2 (00:57):
So New Jersey is still blue. But it's more interesting
than they wanted to be. But for sure, and this
might help a bit more. This is just one of
the great moments on Charlemagne the God on the Breakfast Club.
Mister the God was sitting down with Democrat candidate New
(01:19):
Jersey governor Mikey Cheryl. So the Democrat, sorry, Democrat candidate
for governor, Mikey Cheryl, and I'm not familiar. That's why
I'm asking people to weigh in a little bit on
what do I need to know about Mikey Cheryl. But
this was a great moment, and mister the God asked
about this, and I think it was worth us all
(01:40):
just hearing for a second, because people are very sick
and tired of members of Congress, particularly who seemingly are
trading in a way in the stock market that mirrors
information that they would only have access to because of
things that they're doing in Congress and making a lot
(02:01):
of money. She was asked Mikey Cheryl about this, and
here is the response from the Breakfast Club a couple
of days ago.
Speaker 3 (02:10):
Play this one when Newsmax claimed that you made seven
million dollars from stock trades? What are they talking about?
Speaker 4 (02:15):
News Max is first of all, a very questionable organization
that is paying multiple fines. I'm not sure what they're
talking about.
Speaker 3 (02:23):
Well, did you make seven million in stock trades at all?
Speaker 4 (02:25):
Though I haven't. I don't believe I did, but i'd
have to go see what that was alluding to, again,
what kind of came from uh clay.
Speaker 2 (02:39):
I think if you're a member of Congress making about
one hundred and eighty grand, By the way, I think
that if you made seven million dollars trading the stock market,
whether somebody else is making those trades on your behalf
or you're making them, I think you should.
Speaker 1 (02:54):
Know, unless you're a billionaire and so rich that you
could plausibly say I don't know what happened with seven
million dollars. Ninety nine point nine to nine percent of
people in America would know if they made seven million
dollars or not in the stock market. A lot of
(03:16):
you out there would know if you made seven hundred
dollars in the stock market or not. Certainly seven thousand
or seventy thousand, to say nothing of seven million.
Speaker 2 (03:26):
These people are so bad at this buck.
Speaker 1 (03:29):
I just I watched so many of these politicians, and
we've reached out, by the way to Jack Ciarelli, who
is the Republican contender who almost won in twenty twenty one.
He is the nominee on the Republican side for this race.
To remind all of you Virginia and New Jersey and
the mayor of New York City are all off calendar elections,
(03:52):
so they will be taking place this November. That's in
basically six weeks. Some of you basically can already go
early vote on these. I just I mean credit to
Charlotte Mane, the god who is of the left, I think,
but is kind of pointing out a seven million dollars
Can you follow up and just kind of tell us
about coming here?
Speaker 2 (04:11):
All right, I've got some I've got some some stats
and numbers to throw into the mix here. Cheryl makes
I said one hundred and eight one hundred and seventy
four grand as New Jersey's eleventh congressional district rep. So
she remember, they have financial disclosures everybody, so we can
know this public it's public record how much money these
(04:35):
individuals have within a range, but you have some sense
of it, right, So in twenty nineteen she reported total
assets between seven hundred and thirty and I'm just gonna
abbreviate the numbers year, but seven hundred and thirty thousand
and four point three million dollars. Now that's a huge range.
By the way, yes, does that includes your house?
Speaker 3 (04:52):
You know?
Speaker 2 (04:53):
To anybody listening, the difference in being worth seven hundred
grand on paper and being worth four million on paper
feels like a lot. But anyway, that's where she was.
But Clay in her most recent one, in her most
recent disclosure form, she's worth more like twelve million. Yeah,
this and so and so. You say to yourself, wait
(05:15):
a second, she's making one hundred and seventy four It's
not like she had some huge trust fund, because we
would know that from the financial disclosure forms previously. So
somehow she has and Jack Chidarelli has come out and
hammered her on this somehow while a member of Congress
sitting on the Arms Services Committee who allegedly has a
(05:37):
fondness for trading clay and defense stocks, saying, interesting, she
has gone from being worth you know, let's call it
a couple million dollars to put it in the middle,
to being worth about twelve million dollars. I mean, she
could be worth as much as four million there even still,
that would be a tripling of her net worth while
making one hundred and eighty grand a year.
Speaker 1 (05:59):
Now, sometimes spouses make the money, which can also sometimes
be suspect, right because they'll say, well, this is not
the money that I'm making this is my spouse. I
think this is what happened with and I don't even
know who her spouse is now, but.
Speaker 2 (06:15):
Elon Holmen Now's we'll get he's an investment banker, so
his compensation may be a significant part of this. But
lay she was fined for failing to disclose stock sales
in twenty twenty one.
Speaker 1 (06:29):
Well, this is where it gets very shady. Okay, correct
me if I'm wrong on this, because this seems like
something that shouldn't be allowed. You basically cannot prosecute elected
officials like congressmen and senators for insider trading. Correct, because
they get all sorts of information that is not public
(06:49):
and then they're allowed to trade on it. And this
is where it gets super shady. This is like the
Nancy Pelosi situation. The spouse oftentimes is the person who
actually trading on this, and they are able to monetize
this in a way that is hyper shady. Remember, if
you look at Nancy Pelosi's trading record for stocks, she's
(07:11):
somehow better than Warren Buffett at buying and selling stocks.
There's a Nancy tracker out there where you can look
at all the moves Pelosi makes because they have to
disclose it. I don't understand why it isn't basic required
for everybody out there to put their holdings in a
(07:34):
trust and just use that. Let me give you an example, Buck,
most of my money after I sold out Kick that
is not in real estate is in S and P
five hundred index funds.
Speaker 5 (07:48):
That is, I just.
Speaker 1 (07:48):
Buy the five hundred largest companies in America. Ninety percent
of the time the S and P five hundred outperforms experts.
I am not buying large buying and selling very many stocks. Now,
there's no restriction on me buying and selling very many
stocks in the first place. But I would say about
five percent of my stock assets are in physical stocks
(08:11):
that I control, and about ninety five percent is effectively
an S and P five hundred index funds. I don't
understand why it isn't standard for everybody, Democrat, Republican, independent,
who was elected to Congress to put their assets their
four oh one k their individual stocks, just put it
into a index fund and say, I'm not going to
buy and sell individual stocks while I'm a representative of
(08:34):
the United States Congress.
Speaker 2 (08:36):
What am I missing here?
Speaker 1 (08:37):
To me? That seems like it should be standard for
everyone out there. And if they're arguing otherwise, I think
it's highly suspect for people to be trading hundreds of
times in a year. And remember what happened during COVID,
because I haven't forgotten this. Remember when they got the
briefings about how dangerous COVID was going to be, what
(09:00):
was going to happen, and a ton of congressmen and
women immediately sold all their stocks before the stock market
started to decline. They got access to information that you
and I didn't have access to about what was going
to happen in terms of shutdowns. The stock market plummeted,
and a lot of congressmen and women sold before the
(09:21):
stock market collapsed, and then bought at bottoms and made
a ton of money off information that's not public. I
don't know what I'm missing here. This candidate, I think
is lying. I think she has likely benefited off inside information.
But this is important. When it comes to corruption. We
don't just focus on corruption itself. We focus on the
(09:44):
appearance of corruption because it's so toxic to public trust.
How is there not a direct appearance of corruption when
individual congressmen and women are making trades and destroying the
greatest investors of our lifetimes in their results.
Speaker 2 (10:02):
Just just so everybody understands, in something like the National
Defense Authorization Act or one of those big omnibus or
you know, Perculus or whatever you want to call it,
these big bills that come out where they're just full
of pork and they're full of all this spending. If
you're on some committee and you know that a certain
defense contractor, for example, is about to get correct, a
(10:25):
three or five or ten billion dollar government contract, guess what,
it's probably gonna go up as a stock. Okay, I
think we all understand that. And so if you are
essentially now you know the rules. They've changed the rules
so that technically there's like a little more reporting and stuff,
but you're not barred from trading. And let's just let's
(10:46):
just take let's just be honest about this. Have you
seen anybody get in trouble for insider trading from the
United States Congress. No, I'm not aware of it.
Speaker 1 (10:53):
Right now, I think, but that they're not. You're not
allowed to be prosecuted for it. I think they to
the case. They changed the rules. Let me let me
check on it. They made some the Stock Act.
Speaker 2 (11:02):
They made some adjustment to it, but I think it's
like you can't be prosecuted for knowledge that comes from
the course of your job, which is the whole point
of that. Let me check on this one. I got
to see what the rules are because this was clay.
This has been a push for over a decade. People
have been trying to, you know, trying to figure out
(11:22):
why members of Congress are able to get so rich.
Speaker 1 (11:26):
But larger issue, Yes on that. To me, it's just
it shouldn't be allowed minor issue or secondary issue as
it pertains to this race. If you made seven million
dollars in stock trades, you better have a good explanation
for how that happened. And again the husband may well
(11:49):
be the reason. But to claim, oh, I don't know,
I'd have to look into that. How out of touch
are you if you can make seven million dollars and
not recall whether or not it happened, unless you're a
billion air and your stock price valuation is constantly going
up and down. Again, all I'm saying is, I'm not
a congress person. SNB five hundred index funds a good option.
(12:11):
Why would we not make that standard for anybody? Who's
in elective office. Now, there are some complexities, usually blind trust,
and this is getting into specifics. Let's say you own
a company and that company is publicly traded. You can
just say, hey, I'm not going to buy or sell stock,
or it's a blind trust, I'm not managing it. There
are lots of ways to handle this that do not
(12:32):
create this huge, this huge impression of impropriety that to
me would make a lot of sense.
Speaker 2 (12:40):
Well, I just would note Clay, So two former members
of the House of Representatives have been prosecuted and convicted
for insider trading, which the Stock Act of twenty twelve,
that's what I referred So this has been going on
for a while. So there is this Stock Act. It
doesn't bar them from trading. Obviously there's disclosure requirements. But
here's the thing. It's super hard because because of the
(13:00):
information that they're coming to contact with is of a
political nature. It can be very like if you're going
to invest in a big defense contractor what's how do
you know that you don't just you know, they get
into this mosaic defense strategy for white collar criminals have like,
well did I do it? Because I thought of this
bill that's coming up, or because I love the fundamentals
and I know I read the latest ten K.
Speaker 1 (13:21):
I mean that's well, also curious on whatever, I would
be curious what the prosecution for insider trading is because
those guys could have been prosecuted for actual insider trading
that had nothing to do with Congress.
Speaker 3 (13:36):
Right.
Speaker 1 (13:36):
In other words, I believe the testimony that you hear
behind closed doors is not allowed to be prosecutable for
insider trading. You could still be prosecuted if, for instance,
you're out of office and your cousin calls you and
he sits on the board of X company and he says, hey,
we're about.
Speaker 2 (13:56):
To That's what happened.
Speaker 3 (13:57):
Yeah.
Speaker 2 (13:57):
By the way, this they actually were not prosecuted. This
is very in clarification. They were not prosecuted for anything
under the Stock Act or anything having to do with Congress.
They were prosecuted for insider trading access they had before
being in Congress. Yes, that's a different thing. This is
what I'm saying, Like, you.
Speaker 1 (14:14):
Basically get a free reign to insider trade at Congress.
Speaker 2 (14:17):
So my initial premise of like no one in Congress
has ever that no one in Congress has ever been
prosecuted for insider congress insider congressional information that is true.
This is a Clay and Buck Deep Dive podcast. All right,
welcome back into Clay and Buck. One of the big
elections that is going to be determined in this November
(14:38):
cycle is who's going to be the governor of New Jersey,
the Garden State, a place near and dear to my
heart as a lifelong New Yorker. It's like our close
cousin next door. I feel like I'm like an honorary
New Jersey and in so many ways, and we've got
we've got the man who is trying to make sure
(14:58):
that it does not fall deep into communist hands. Jack
Chindarelli is with us now. He is the Republican candidate
for governor of New Jersey. Jack, appreciate you being with us.
Speaker 3 (15:11):
Thank you for the time. Guys looking forward to it.
Speaker 2 (15:13):
Look, you had a great run back in twenty twenty one,
just a few points from beating Phil Murphy. And you
know we were talking about it then, we were giving
you the high five. I know it was too much
to ask in that cycle to pull it off, but
she came very close. It was a heroic finish. Nonetheless,
this time around, mister Jack, I'm seeing polls with you
(15:36):
dead even, maybe even a couple points ahead. Can you
pull it off?
Speaker 3 (15:41):
Need?
Speaker 2 (15:41):
What do we need to know about this race?
Speaker 3 (15:44):
That it is a dead heat right now? And that's
really good news for Republican I mean, we are the
minority party in the state, but we're going to continue
to get out there over the last thirty nine days.
Make it happen. And when you see Democratic mayors across
the state in Dorsey, Mike candidcy, I think it only
reaffirms that people across the state have had it with
Phil murphy sale policies, and they know that my opponent
(16:05):
is Murphy two point zero.
Speaker 1 (16:08):
What should people who want you to win. We've got
a big audience all over New Jersey. What should they
know to do? What should they know about when early
voting starts? How to donate? Give us your pitch right now?
You said, I think thirty nine days out. What needs
to happen in the next thirty nine days. What should
people listening to us right now do to support you.
Speaker 3 (16:29):
The vote by mail ballots have already been mailed. They
went out last week. So if you're a vote by mail,
vote by mail ballot voter. We want you to get
that in. There'll be nine days of early voting leading
up to election day and then of course Tuesday the fourth.
But what differentiates me from my opponent is Cheda Relly's
have been here for one hundred years and three generations
of Cheddarrellyes, of a loving business owners and created jobs
(16:51):
read here in New Jersey. My opponent hasn't been here
all that long, and she spent happetizer's been here in
the Congress, and during that time, she tripled her net worth,
broke federal law on stock trades and stock reporting for
congress people.
Speaker 2 (17:04):
Now, what would you Let's let's before we get into
what she would do, other than apparently make a lot
of money in the stock market on some defense stocks
that she doesn't remember. You know, it's seven million here,
seven million there. I mean that's a.
Speaker 1 (17:16):
Second when Charlemagne, the god to Buck's Point can ask
her how did you make seven million dollars and she says,
I don't know basically, or she had no idea how
she made it. I think that's pretty tough for most
New Jerseyans out there to say you know. I think
i'd know if I made seven million dollars.
Speaker 3 (17:33):
It's a disqualifier. Who wouldn't know if their net worth
A triples in such a short period of time. Who
wouldn't know where an additional seven million dollars came from.
Here's what we do know. She broke federal law and
had to pay fines for it as a congress person. Well,
here's what else? Is something we know? The New York
Times reports while she was sitting on the House Armed
Services Committee, she was trading defense stocks. I mean, this
(17:56):
really calls into question her character, as does the stunning
revelation of yesterday that she didn't participate in the graduation
ceremonies at the Naval Academy back in nineteen ninety four.
Speaker 1 (18:06):
And now we saw that story about the Naval Academy,
and we talked about it yesterday with our friend Ryan Gardusky.
What is that story? I think it was from nineteen
ninety four, and why does it matter to you? How
does it connect to her today?
Speaker 3 (18:22):
She's built her entire political brand around the fact that
she attended the Naval Academy, but she hasn't been transparent
with us. The Naval Academy punished her, and we believe
it's for lying, and so she did not get to
participate in her graduation ceremonies. She can clear this all
up by approving the release of her disciplinary records. She's
(18:45):
not doing that, and I think that tells us a
whole lot. And for her to say that, what she's
been saying out there in the public, I think it's
code for having lied to the investigators. Quite frankly, she's
saying that she covered for her friends. Who did she
code for lying to investigators.
Speaker 2 (19:02):
Now, we got a lot of wo R, which is
our New York City based affiliate. Obviously that signal is
huge all across particularly the northern half of the Garden.
It reaches well beyond that. We have a lot of
listeners who are commuters in the New York City who
listen on w or Jack and so they're very interested
to know what are you going to do if you
become governor? To make what is I'm from Manhattan, so
(19:26):
we like to make you know. The occasional give a
little ribbing to New Jersey. But I love New Jersey.
It is a great state, beautiful state, a lot of
things going for it. What are you going to do
to take New Jersey to the next level, either problems
to fix or just things to focus on in the future.
If you are in fact able to pull off this
very very photo finished governor's race, we.
Speaker 3 (19:49):
Are going to pull it off. And there's a number
of things we're going to do in cleaning those things
on day one. But here's one thing I'm never gonna
do is lie to the people in New Jersey. This laughable, illegitimate,
not feasible up plan that she's put forth to declare
a state emergency to freeze our electricity rates. Why would
we want to freeze them at an all time high?
We want to lower them. I could do that on
day one by pulling out of the Regional Greenhouse Gas Initiative.
(20:12):
This is a carbon tax policy that's been in places
Murphy took office. The air is no cleaner, electricity as skyrocketed,
and rate payer dollars are going to other states. I
could save half a billion dollars a year in rate
payers dollars, homeowners, tennants, and businesses. We need to get
electricity rates down. Also, on day one, I'll end the
Immigrant Trust Directive. We'll no longer have sanctuary cities and
(20:35):
we will not be a sanctuary state. Also, on day one,
I'll give us an attorney general that supports both police
and parents. The current Attorny Jones does not.
Speaker 1 (20:45):
You lost, as we said, very close race in twenty
twenty one, Trump lost a very close race in New Jersey.
I think it came down to basically five points. The
Trump team said, Hey, if we had the money Kamala had,
we could have poured it in. We might have been
able to win New Jersey. Why is New Jersey moving red?
And why do you think now is the time when
(21:07):
you're going to kick the door down and win this
race here in thirty nine days.
Speaker 3 (21:11):
It's all because Phil Murphy's policies have has failed. Across
the board. Taxes up every year since he took office,
spending up seventy percent. When he took over, the state
budget was thirty six billion. It's now fifty nine million,
seventy percent increase. Housing. We've got an overdevelopment crisis going
on in our suburban communities. Public education we slip from
(21:33):
two to twelve on the national report card with all
the learning laws in the post pandemic world, because he's
shut down the schools for two years. Law enforcement, nonviolent
crime has spiked, break in his car, thefts, flash mubs
on the Jersey shore, and on our malls. Why because
his attorney general's handcuffed our local police. These are the issues,
(21:53):
and they represent policy failures in the past seven plus years.
And my opponent has endorsed every one of these policies.
In fact, in some cases, like the wind farms, she's
doubled down.
Speaker 2 (22:04):
It's remarkable to see how I think there was a
clip already circulating Jack of Mikey Cheryl saying your opponent
that she can't even commit to not raising taxes on
the middle class like she's. Tax raises are on the
table all across the board from what I can understand,
which for your state is already pretty heavily taxed date.
(22:24):
From what I understand, I mean, I was living in
New York City, where it's completely insane, but New Jersey
taxes under Murphy have been rough.
Speaker 3 (22:31):
This was an astonishing moment at the debate. She's been lying, Lee,
lying blatantly about me raising the sales tax to ten percent,
and yet at the debate when I was asked, I said,
the sales tax is not going to be increased. I
will lower property taxes, I will lower income taxes. I
gave specific ways on how I'm going to do that
in a very fiscally responsible way. They then asked her
(22:53):
the same question, and she said, I'm not going to
commit to anything. So wait a second. You're lying about
me raising taxes, and then when you're asked whether or
not you're raise taxes, your answer is I'm not gonna
commit to anything.
Speaker 1 (23:06):
When I travel around, and I know this has been
an issue in New Jersey too, it doesn't matter where
you're from, a lot of people see men and women's
sports as a clarifying, crystallizing issue. I know it's a
big point down in Virginia, but a lot of moms
and dads in New Jersey are fed up with the
cultural ridiculousness of the Democrat Party. Do you feel that,
(23:27):
even having accelerated since you last ran in twenty twenty one.
Speaker 3 (23:33):
Parents are very upset about a number of these far
left liberal policies. Policy fifty seven to fifty six school
districts keeping secrets from parents. We're gonna stop that on
day one. Our children are best off when our school
districts and parents work in partnership. Biological boys playing in girls' sports.
That's one of those any twenty issues in New Jersey,
(23:54):
more than eight out of ten people don't agree with that.
And so these are the policies the lgbtque curriculum in
our public schools. My opponent has said she will not
let parents opt their kids out of that lesson. I mean,
these are eighty twenty issues. But again, she's not from
New Jersey. She's out of touch, she's toned, deaf. It's
(24:14):
just another reason why we're going to win this race.
Speaker 2 (24:16):
Now, what is to the degree you can speak to this?
I know you got a big state, millions and millions
of residents, but some of the what's the profile would
you say of the late breaking voter at this point?
Is it independents that are going to be the difference maker?
Is it Democrats defecting from the high taxes and some
of the other policy matters we've talked about it. Who's
(24:38):
going to be the deciding cohort in your home state?
If in fact we're able to see you get across
the finish line with a.
Speaker 3 (24:44):
W for sure, moderate Democrats and unaffiliated slash independent voters
the ones that are still undecided, and I really do
believe that after eight years of Phil Murphy's policies and
us going around the state the way we do, offering specific,
re sponsible, thoughtful proposals on how to fix New Jersey,
at the end of the day, we're gonna win this race.
Speaker 1 (25:06):
Are you Here's the final question for you, Jack. This
is important and you may want to dodge it. Are
you a Yankees Mets guy? Are you a Jets Giants guy?
Who are your teams? Because I know there are a
lot of people out there and the Ryder Cup's going on.
I even said to my team, I'm a little bit
surprised he's not there with the President right now rooting
on Team USA, because I bet there's a lot of
New Jersey guys and gals that are out at the
(25:28):
golf course right now as well.
Speaker 3 (25:31):
Well. I'm a Yankees guy, and they frustrate us a
whole lot over the summer. But this Veterans team is
rising to the occasion when it counts most. And here
we are with only three games left and they're tied
for first.
Speaker 2 (25:41):
Go.
Speaker 1 (25:42):
Yeah, there you go, Governor. I hope good luck. We're
gonna help put you in the governor's office. If everybody
out there listening right now, gets their votes in and
works as hard as they can for you. One last
time here as you go to break, where should people
go if they want to offer you support?
Speaker 3 (25:59):
Jack dot com and that's the number four JACKFOURANJ dot com.
I greatly appreciate that.
Speaker 1 (26:05):
Good luck, sir. That is Jack chare JACKIEB. We need
to do every day and we're happy to have you
on anytime down the stretch run here we can help out.
But again, everybody check that out. Get your votes in.
New Jersey is in play and Jack Chiarelli needs to
get the win for all of you.
Speaker 5 (26:23):
You're listening to a special Clay and Buck Deep Dive podcast.
Speaker 1 (26:29):
Welcome back in Clay Travis Buck Sexton Show. We are
joined now by Congressman Tim Burchett of the Great State
of Tennessee. Government is shut down. We're gonna get into that.
But Congressman, you wanted to come on because you're as
fired up as Buck and I were about the amount
of stock trading that some of your colleagues are engaged in,
(26:52):
and not just stock trading, some of the best timing
that has ever existed in the history of the world.
I mean Nancy Pelosi is Warren Buffett level investing savants.
Isn't this just even if it's not actually improper, it
certainly has the appearance of impropriety, which I think demeans
(27:14):
the overall value of trust in public servants. I think
you probably agree. It's kind of crazy, isn't it.
Speaker 5 (27:23):
I agree with one hundred percent, and thank you so
much for letting me come on with you. It's an honor.
Congress is broke, and it is crooked as a dog's leg. Brother.
There's no other explanation when a congressman can make six
hundred percent return on their investment, and you know, and
day in and day out, or three hundred or two
(27:45):
hundred or whatever. I mean, just go on the Unusual
Wales website and read the top hundred. It's unbelievable. It
is unfreaking believable. I mean, people are making a living
now of just following Nancy Pelosi's stock trades. Yeah, Horton Buffett,
Warren Buffett needs to go to the front porch and
sit there and play with his grandkids or something and
(28:06):
just turn it over to Pelosi. It is unbelievable. And
we can't even get the bill in committee, neither party.
They're gutless. They are gutless, and it is shady as
all get out. And I have a I had a
twelve thousand dollars portfolio, my buddy Tommy Siler managed. Everybody
(28:26):
needs a dad gum mutual fund, and that's what we
ought to do. And I get sick and tired of
hearing people in Congress say, oh, I'm sacrificing so much,
Well that gumt go home and let somebody else do it.
That's not sacrificing so much. America is tired of this garbage.
It is broke. You've called it out. We've called it out.
(28:48):
And here's what's going to happen if we do get
this bill before and Luna has represent Annapoline Aluna, she's
going to try to if we don't get this bill
out that everybody's been working on, which is a little
too big and a little too beautiful in my opinion,
but still she's going to take my bill, which is
a clean bill. It just says no stock trading, you know,
(29:10):
for members of Congress unless it's a mutual fund and
your siblings and your wife and spouse whatever, and that's it.
That should be it, you know, make the dad gum sacrifice.
It's crazy. You know, I make skateboards and I'm sixty
one years old and I haven't broke my neck yet.
I made one for Tulca Gabbard a couple of weeks
(29:32):
ago and she loved it. But yeah, I always tell
people that when I work on these skateboards, it's cheaper
than a psychiatrist. It's good therapy for me. But people
want to buy them, so I'm trying to sell them.
I went to the ethics people and I literally have
to get I'm getting a business plan together. I've had
to hire an attorney if I want to sell skateboards.
(29:52):
But dad gummut, if I want to do insider trading,
just become a member of Congress, and it rains on you.
Speaker 1 (29:59):
It is why. And you know I was going off
on this congressman because my thing is I now have resources.
I've been in a position where I had nothing and
actually owed a lot more money.
Speaker 5 (30:11):
Go to law school.
Speaker 1 (30:11):
It's not cheap. I owed a lot more money than
I had assets for a while. But just doing what
you're saying is actually really good advice by S and
P five hundred Index funds by big groups of stocks.
We're not even saying, certainly that members of Congress can't
own stocks. It's just don't trade individual stocks like this
(30:35):
is having a blind trust and just having a large
basket of mutual funds or index funds is actually really
smart advice for anyone out there listening to us right now.
And it's crazy to me that, first of all, your
job should be pretty busy, the idea that you should
be pulling out your phone and doing individual stock trades anyway,
(30:56):
it feels it just feels bonkers to me that this
is going on.
Speaker 5 (31:00):
Well, some of them do hundreds of hundreds, I know,
trades in a year. And can I give you one
example that everybody can follow and can understand. During the
Biden reign of terror, when he decided to give our
missile defense system to Ukraine, which I don't vote for
any more any I haven't vote for any dollars for Ukraine.
I'm sick of that. But anyway, that's another story. Well,
(31:23):
it turns out that members of some of our military
committees that had access to that information had bought stock
and guess what the missile defense companies over just some
of them a couple of weeks prior to it. Now,
why do you say, what does that mean? Well, we
had to replenish ours in a no bid, multi billion
(31:44):
dollar contract with these companies overnight, so you see their
stock prices would go up dramatically. And yet that's common
practice in Congress. They can watch the trends. You're in
the meetings. You know, you hear out COVID, You hear
I was in the meeting, you heard about COVID, and
I remembered I had I had bought Denny Stock, and
(32:06):
all the left accused me of some kind of insider trading.
I left the DAD meeting because the Democrats wouldn't let
any of the They had all their staff members in
the seats and we couldn't get any seats. But anyway,
I have I've just come to the conclusion that we've
got too much information and generally the vast majority of
(32:27):
the people up there probably aren't doing something incredibly shady.
But we know that this time in and time out,
when they just seem to just defy all logic, every
odd and the odds of trading, and every month they
turn in these huge gains, and it's just baffling to
(32:47):
me that we allow that to go on, and we
could sit here and tell the American public that nothing's
going on.
Speaker 1 (32:54):
How does this shutdown end up ending? Congressman? Like, where
does it go from here?
Speaker 5 (32:59):
When Schumer sees his polling numbers declining, I think what's
really behind it? And this is my theory. I've put
it on people, and they've agreed with me. Schumer is
looking in his rear view mirror right now, and all
he sees is a AOC and that big grint on
hers bearing down on him. He knows that she can
(33:20):
raise millions of dollars overnight. Just that was me snapping
my fingers overnight, Hollywood. All the elitists, they'll be throwing
the money at her. And all he's doing is watching
that New York mayor's race, where literally a Marxist communist
will win, probably unless something less. God Shine's favor upon
(33:42):
the poor folks in New York that don't know any better.
Speaker 1 (33:46):
By the way, God shining favor on the poor folks
of New York actually means Andrew Cuomo should win. That's
how bad of a situation they're in.
Speaker 5 (33:54):
Yeah, yeah, yeah, Well that's you're very accurate. You're very accurate.
But the truth is is that Schumer is watching his
review mirror. He knows his polling numbers, and the reality
is he needs to go back to flipping raw cheeseburgers
on his grill and playing with his grandkids if he
(34:15):
has any, and get out of this thing he has left.
You know, he wasn't a moderate, but he was just
an old classic liberal and now he's just turned far
left as you can get. And all it is is
about staying in power. And that's what Washington, DC is
truly about. In leadership. They love the suburbans, they love
(34:36):
the you know, far deep with security, they love the spotlight,
they love never standing in line. They love the security.
They love the access and yes, the access to the
inside information. And when they're out of leadership, it's gone.
It's gone. All that is gone and they can't stand it.
And his time has come and gone, like a whole
(34:58):
lot of them that need to be out of there,
but he is. That is why he's going to wreck
this country. It's just to keep himself in power. And Hakem,
you know, he's out there talking about something nobody's paying
attention to him. He's saying how the House, Republicans are
shutting government down. We voted to keep the Dad game
government open. Only one Democrat voted with us. And you know,
(35:20):
the whole thing is just it's so obvious. And as
soon as his polling data flips on him, he'll be
at the table with Trump. But he won't be till then.
Speaker 1 (35:30):
We're talking to Congressman Tim Burchett at Tennessee. How did
you get into skateboarding and making skateboards?
Speaker 5 (35:37):
Well, I didn't smoke pot and I didn't drink, although
since I've become a member of Congress, I've fiercely considered
taking on crack cocaine just to take off the edges.
But but no, I just always liked it. I like
I like the physics of it. And and I'm an inventor.
I've always just make stuff. And I had a little
(35:57):
piece of plywood and some old skates and I put
it on there and I would just and you could
those are death traps, you know, And I never and
you know, my dad would challenge me, if you can
get to the end, to see if you get to
the end of the driveway or something, and you know,
eventually I would and then and so I and I'm
just I've always been fascinated by bamboo. It's poor man's
(36:21):
carbon fiber. I read an article on it in nineteen
eighty in a National geographic and so I started just
I've always done stuff and tinkered, and now that I've
got some equipment to do it. And my major was
technological adult Education, certified to teach shop. Basically, I can
weld and build engines, and I can burn your house
(36:44):
down if you want me to go wired. I'm not
very good at that, but I can do all those things.
I can do casting and just all the stuff around
the machine shop. But I just like it. And then
I'm a capitalist at heart. And I read somewhere that
there's a I think it's a five billion dollar industry
in this country. Now I don't want all five billion
(37:05):
of it, but I wouldn't mind shaving a little off
the edge. And so, you know, I make it out
of recycled stuff, mainly because I'm cheap. I guess I'm
fiscally smart, but you know, I use old palettes and
I've been using banana fibers off of banana plants that
I've grown, and I'm just just all over about it.
(37:25):
I just and and skateboards something you can make small
and you can transport easily, and kids dig it. And
when you see a sixty one year old out there
with his vans on skateboarding on a board that he
built himself, it's kind of cool and it's good to
bring up conversation. And you know, and I like it.
(37:45):
And again, as I say, it's cheaper than a psychiatrist.
Speaker 1 (37:48):
We're talking to Congressman Tim Burchett of Tennessee. All Right,
I got the ultimate controversial question for you here to
close up the interview, Congressman, all Right, better decision, who
made the better decision? Who made the worst decision? I
know you are a big University of Tennessee football fan.
Nico going to UCLA transferring from Tennessee going to UCLA.
(38:14):
UCLA is now lost every game. His head coach has
been fired, his offensive coordinator has been fired. Sorry UCLA
fans out there catching astray. You didn't expect this. Okay,
Nico to UCLA. That choice or Kamala Harris picking Tim
Walls as her vice president. Who made the worst decision?
(38:36):
Who made the better decision? You're on the floor.
Speaker 5 (38:41):
I'm gonna say Kamala because she was a train wreck anyway,
and she just picked a bigger train wreck. I almost.
You know, they always pick somebody who always still like
somebody that's not going to overshadow him a lot of times.
But I JD Vance, as we say, and he's Tennessee.
(39:02):
He kicks a mass I like JD. He's strong, and
he's kind of a buddy of mine, I guess. But yeah,
that gum when they call him tampon tim or something,
I don't like saying it, but he is just a
He's a knucklehead man. He just can't get out of
his own way. I don't know who he was running
(39:24):
against to get elected governor out there, but that gum
must have been a convicted fell and getting ready to
go to the electric chair or something. I'm not sure
the Republicans put up against him, But yeah, Nico, I mean,
he just took some mad advice. But he's he'll get
a little bit of a paycheck and if he's he
can just get all his groupies and family away from him,
(39:44):
he might be okay. He might be able to salvage
something in the Canadian Football League. But yeah, that's where
I'm at. Before I get myself in any more trouble.
Speaker 1 (39:53):
Well, I've already taken. The headline for the New York
Times is going to be Tennessee Congressman Tim Burchett praises
Nico for his movie to UCLA. Hey, this is this
is a lot of fun, and I would argue I
love the Tim Walls. You may have seen the meme
Congressman where it shows Barack Obama and he says I
need someone dumber than me, as VP Joe Biden. Joe
(40:16):
Biden says I need someone dumber than me, as VP
Kamala Harris. Kamala Harris says I need someone dumber than me,
and it's Tim Walls. There's a lot of truth to that,
and we have seen a rapid descent and intelligence across
the board there. We appreciate the time. If people want
to get the skateboard, by the way, where do they go?
Speaker 5 (40:37):
Well, nowhere yet I'm okay, I got a business plan.
I got to put it on ethics and so they
can approve it or not.
Speaker 1 (40:47):
Hey, if Hunter can sell paintings for five hundred thousand dollars,
I would think you could probably sell a skateboard for
a couple of hundred bucks.
Speaker 5 (40:54):
But what do I know, Well, the Biden family couldn't
spell ethics, so I got it. I just want to
be the man my little girl. Thanks, I am so.
I'm most trying to follow the worlds here. I get
my lawyers involved and we'll get it all worked out eventually.
Hope talks the end of the year, hopefully in time
for Christmas.
Speaker 1 (41:14):
That's the goal, just in time for Christmas. Hey, we
appreciate the time. Go big Orange and we'll talk to
you again soon.
Speaker 5 (41:20):
Thank you, brother, appreciate y'all.
Speaker 1 (41:22):
Man, he is great. The next time you don't join
a conversation because you just don't know enough about the topic,
listen to a klan Buck deep dive. It's boot camp
for the brain on any given subject. Find deep dives
in the klaan Buck podcast feed, on the iHeartRadio app,
or wherever you get your podcasts.
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Cardiac Cowboys
The heart was always off-limits to surgeons. Cutting into it spelled instant death for the patient. That is, until a ragtag group of doctors scattered across the Midwest and Texas decided to throw out the rule book. Working in makeshift laboratories and home garages, using medical devices made from scavenged machine parts and beer tubes, these men and women invented the field of open heart surgery. Odds are, someone you know is alive because of them. So why has history left them behind? Presented by Chris Pine, CARDIAC COWBOYS tells the gripping true story behind the birth of heart surgery, and the young, Greatest Generation doctors who made it happen. For years, they competed and feuded, racing to be the first, the best, and the most prolific. Some appeared on the cover of Time Magazine, operated on kings and advised presidents. Others ended up disgraced, penniless, and convicted of felonies. Together, they ignited a revolution in medicine, and changed the world.
The Joe Rogan Experience
The official podcast of comedian Joe Rogan.