“The impact of inflation on Wisconsin families has been horrible. It has driven up the price of their groceries, gas and heating, housing, healthcare, and insurance.”
MADISON – Wisconsin entrepreneur Eric Hovde penned an op-ed on inflation, breaking down how the failed economic policies of the Biden-Harris administration with Sen. Baldwin’s support has made everything more expensive for the people of Wisconsin. Hovde emphasizes his experience in the real world and how his understanding of the economy makes him the best candidate to bring down prices for Wisconsinites.
The full op-ed can be read here and excerpts are below:
“Inflation has crushed Wisconsin families, driving up prices and making it harder than ever to get by. To fix this problem, you have to elect folks who understand the root causes and how to address them in a lasting way.”
“Through a series of legislation like the Inflation Reduction Act, Biden, Harris, and Congress have added $4.1 trillion in federal spending on top of normal appropriations acts that were already causing deficit spending. They added more debt in the last 3.5 years than during our country’s first 230-year history.”
“Inflation over the past three years increased by over 22%, and if we measured inflation like we did in the 1980’s prior to President Clinton’s changes in the measurement of CPI, inflation would have increased closer to 40%, almost equal to the increase in money supply.”
“Sen. Tammy Baldwin and Vice President Kamala Harris claim inflation is a result of corporate greed. However, if this were the case, why weren’t corporations being greedy for the 40 years prior? Further, why does inflation track with the federal increase in spending and money supply? Lastly, does Baldwin also claim that farmers were being greedy because they were passing on higher prices? Or small businesses that were passing on higher prices because their costs were rising? It is a silly argument and a deflection from their role in creating this horrible outcome for Wisconsin families.”
“Having spent my career building and turning around companies, primarily community banks, and having operated in multiple different industries, including my real estate development company in Madison, I have unique insights into all aspects of our economy.”
“Unfortunately, today, we have career politicians like Senator Baldwin who are making impactful decisions on our economy who simply do not understand how our economy functions, because they have never operated in it and have no experience.”
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