This guy can NOT get elected......
As both a fund manager and an individual investor, Eric Hovde, the Republican Senate nominee in Wisconsin, put millions of dollars into three companies that shipped jobs out of Wisconsin in favor of cheaper locales.
Hovde, a co-founder and former CEO of the asset management firm Hovde Capital Advisors, is challenging Sen. Tammy Baldwin (D) in November. A win for him would help Republicans, who are in a strong position to flip several other Democratic seats, take control of the upper chamber.
In Hovdes quest to win in a state where manufacturing jobs remain a critical, if greatly diminished, part of the economy, he has spoken wistfully about the flight of U.S. manufacturing jobs to foreign countries with cheaper labor and lower regulatory standards.
HuffPost obtained audio of Hovdes remarks on the topic at a luncheon hosted by the Republican Women of Dane County in September 2023.
Economically, over the last 20 years, real wages have fallen for most Americans. Middle class and working class are being hammered, Hovde says in the audio clip. Whole industries over the last 20 years have moved away to China, to India, to Mexico, all over the globe.
But prior to entering politics, Hovde invested millions of dollars in firms that laid off hundreds of Wisconsin workers, moving production to Southern states with cheaper labor costs and, in one case, to Mexico.
https://l.smartnews.com/p-7PuFG/dOASJL