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The Citizen Outreach PAC just endorsed me for State Treasurer.
The PAC laid out three rules for getting their backing.
First: You’ve got to be viable. Serious candidates with a serious shot of winning.
Second: You’ve got to work with conservatives once elected. No more “ghosting” the grassroots people who helped put you in office.
Third: You’ve got to be a fighter. Not a deal-cutter who caves. Not a bench-warmer doing a potted plant imitation. A fighter.
They quoted Hall of Fame quarterback Johnny Unitas: “Talk is cheap. Let’s go play.”
Exactly.
Kind of how I have done it my entire career. I was telling my team about trading on the floor. I started there in May of 1986. The pits were tough and merciless. 90% of the people who tried their hand at trading didn’t make it. My old hog buddy Bobby Henner (HNR) likened it to going to a knife fight every day. Once, I got into a fight and got fined $500. I didn’t even throw a punch! He grabbed me around the neck, and it was all I could do not to rumble. But, I was on Pit Supervision and the Board of Directors! I got even with him. Bought 1000 one day, spread them off, and by the time we checked the trade, he was out $250k. Other times, we would scuffle, and no one would get fined. It was a very physical business. However, the physicality wasn’t the hardest part. The emotional and psychological part was much tougher.
I remember when you could cut deals in politics. Those days are gone in a large part because of the polarization of the parties. Socialism isn’t something you cut deals with. Today’s Socialist Democrats are very different than the old Machine/Union Democrats of the 1960s-90s. This is a new breed.
At the same time, the state treasurer or controller ought to be one of the most non-partisan offices in the state. One is about investing money. One is about cutting checks and tracking them.
Our state controller, Andy Mathews, had a terribly difficult job when he took office. Things were a mess. I spoke to him and his deputy about it. They received criticism from all sides about the length of time it took to complete a state audit. It’s hard to do an audit quickly when you have to decipher and organize a huge mess.
They got it done, though.
As I look at whatever public information is available on the state treasury, the office has become politicized. They applied DEI/ESG investing metrics when they could. Just recently, the state treasurer performed some theatre with 18 other Democratic state treasurers to send a “tariff” bill to Trump after the SCOTUS decision.
The office is about ROI and cutting debt for taxpayers, not theater.
Yes, we will eliminate waste, fraud, and abuse from the system. A major goal of mine is to bring a higher sense of professionalism and modernization to the office. Over the past eight years, we have missed some opportunities. In 2021, President Biden shoveled a ton of money to states, which covered up a lot of potential or immediate problems in state finances. In addition, with a rising interest rate environment and a portfolio invested primarily in short-term US Treasuries, it’s easy to appear strong.
What happens when the Fed goes into a cycle of cutting rates?
I appreciate the endorsement of the Citizen Outreach PAC. We have some more endorsements that we haven’t released publicly yet. They will be released in a timely manner. Candidate filing isn’t until March 15 in Nevada, and some people would prefer to wait until then. In a social media age, some wallpaper has to be produced.
I haven’t paid for any endorsements or pandered for them. They are organic. I am grateful that people have looked at the field and have confidence in me. You can support us here. We are getting all kinds of support from $20 to maximum contributions. They are all meaningful, believe me. This politics thing ain’t cheap! With all the fraud (see Minnesota), it makes it more expensive for everyone. JeffCarterNV.com.