WisDems Press: Welcome to Wisconsin! ahead of his speech tonight, get to know California bank owner Eric Hovde

Ahead of Eric Hovde’s speech tonight, we’ve put together a short primer on the key things you need to know about Eric Hovde, the megamillionaire California bank owner that Mitch McConnell recruited to run for Senate in Wisconsin. 

Since launching his campaign, Hovde has been plagued by his weak ties to Wisconsin, non-stop drip of out of touch and offensive comments, his conflicts of interest and self serving agenda that would benefit himself and the ultrawealthy. Check out Hovde’s constant stream of missteps below:

Hovde is a California bank owner with more ties to California than Wisconsin.Just last month, Hovde was caught skipping out on a rural Wisconsin campaign event to lounge on the white sands of his private beach at his $7 million dollar Laguna Beach home. He’s been named Orange County’s most influential person, not once, not twice, but threetimes. And when he went to make his TV ads, he couldn’t find anyone in Wisconsin not on his payroll, so he ran an ad exclusively featuring senior employees of his own company, passing them off as regular Wisconsinites. Learn more at CaliforniaHovde.com

Hovde only cares about the ultra-wealthy like himself and looks down on Wisconsinites. From calling farmers lazy to suggesting nursing home residents shouldn’t vote, Hovde criticizes Wisconsinites just about every time he opens his mouth. He has faced intense scrutiny for insulting the people of Wisconsin, including the Black community, single parents, people struggling with their weight, the Native community, the Jewish community, and more. Learn more at EricHovdeDoesntLikeYou.com

Eric Hovde is a ‘walking conflict of interest,’ who is running for Senate to make himself richer. Hovde, who is worth upwards of over half a billion dollars, which would make him one of the wealthiest senators, is refusing to give up ownership of his bank if he is elected to the Senate, meaning he could vote on bank regulatory policy while owning and profiting off his bank. meaning he could vote on bank regulatory policy while owning and profiting off his bank. Meanwhile, his bank is holding millions of dollars in deposits by foreign governments and banks, raising questions that he could be influenced by foreign governments depositing money into his bank. That’s not the first foreign entanglement Hovde has had. His family business recently got caught trying to do business in China. And just last week, it was revealed that Hovde invested millions in foreign companies involved in bribery, tax evasion, and money laundering in Iran, Cuba, and Libya.

Hovde would enact a self-serving agenda to benefit himself and the ultrawealthy. He would ban abortion, gut Social Security and Medicare, repeal the Affordable Care Act, roll back caps on the price of prescription drugs, and cut taxes for rich people like themselves while raising taxes on middle-class families.

Given this record, it’s no wonder that despite Hovde spending millions of dollars of his own money, his brother spending millions more, and the Uihleins spending millions on attack ads so blatantly false one had to be pulled off the air, Eric Hovde is still wildly unpopular with Wisconsin voters.