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A Congressional Leadership Fund ad says Rep. Tom Malinowski is “everything you hate about politicians.” (Photo: CLF via YouTube).

Malinowski’s stock trading at issue again in new GOP ad

Republican super PAC says Malinowski is ‘everything you hate about politicians’

By Joey Fox, October 12 2022 12:38 pm

The Congressional Leadership Fund (CLF), a major GOP super PAC affiliated with House Minority Leader Kevin McCarthy (R-California), is swooping into New Jersey’s 7th congressional district for a third time this cycle with a new TV ad, “Watch,” that pillories Rep. Tom Malinowski (D-Ringoes) for his stock trades.

Script: (Narrator): “Watch closely. This is why you hate politicians.”
(Malinowski): “This is not the time for anybody to be profiting off of selling ventilators, vaccines, drugs.”
(Newscaster 1): “Malinowski profited from stock trades in medical and tech companies that were involved in the Covid-19 response.”
(Narrator): “Just another insider politician trying to get rich in office.”
(Newscaster 2): “This is about having privileged information and using it to your own personal advantage.”
(Narrator): “Tom Malinowski: everything you hate about politicians.”

“Instead of standing up for American families, Democrats pushed higher taxes, coddled criminals, and prioritized their own bottom line,” CLF communications director Calvin Moore said in a statement on ten different ads released by the PAC. “Democrats couldn’t be more out of touch with families back home, and we’re going to ensure voters never forget it.”

Malinowski is locked in New Jersey’s most competitive congressional race against former State Senate Minority Leader Tom Kean Jr. (R-Westfield), who narrowly lost to Malinowski in 2020. Shortly after that victory, Malinowski came under scrutiny for his stock trades, becoming the subject of a still-ongoing House Ethics Committee inquiry.

Outside Republican groups have invested much more in the 7th district than Democratic groups. In addition to three ads from the CLF, the National Republican Campaign Committee has also spent in support of Kean, while Malinowski has only gotten aid from one lone House Majority PAC ad.

Malinowski has a huge $2.8 million warchest to back himself up, however; he’s already aired four of his own ads promoting himself and attacking Kean on abortion and Donald Trump.

The 7th district is the only district in New Jersey to have seen significant outside spending this cycle. Republicans are also targeting a number of other Democratic incumbents, in particular Rep. Andy Kim (D-Moorestown) in the 3rd district, but national groups apparently have so far determined that their money is better used elsewhere.

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