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Eric Hovde Enters U.S. Senate Race in Wisconsin

PUBLISHED: February 21, 2024 at 4:50 am

In a bid to deny Democratic Senator Tammy Baldwin a third term, Madison businessman Eric Hovde has officially announced his candidacy for the U.S. Senate seat in Wisconsin. The race is gaining significant attention as it could play a crucial role in determining which party controls the Senate in the upcoming election. Hovde, a seasoned businessman and real estate mogul, launched his campaign with a powerful video highlighting the challenges facing the country and his vision for a better future.

Eric Hovde is a well-known figure in the business world, with a successful career as a businessman and real estate developer. As the CEO of a Madison-based commercial and residential real estate company founded by his grandfather, Hovde has a deep understanding of economic issues and job creation. Additionally, he leads two California-based businesses, H Bancorp and Sunwest Bank. Hovde’s business acumen and experience as a job creator position him as a strong candidate to address the economic challenges facing Wisconsin and the nation.

This is not Hovde’s first foray into politics. In 2012, he ran for the U.S. Senate seat in Wisconsin but narrowly lost in the Republican primary to former Governor Tommy Thompson. Thompson, in turn, was defeated by Tammy Baldwin in the general election. Despite this setback, Hovde’s political ambitions persisted. He considered running against Baldwin again in 2018 and even contemplated a gubernatorial run in 2022. Now, in 2024, Hovde has made the decision to enter the race once more, determined to secure a victory and bring his vision for Wisconsin to fruition.

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Hovde’s entrance into the Senate race has received the backing of the National Republican Senatorial Committee (NRSC), the main campaign arm for Senate Republicans. The NRSC recognizes Hovde’s experience as a job creator and views him as a formidable candidate to flip Wisconsin’s Senate seat. Having the support of the national party provides Hovde with a solid foundation and a network of resources to draw upon as he embarks on his campaign journey.

Hovde’s campaign is centered around addressing the pressing challenges facing the country. In his campaign video, he highlights the economy, healthcare, crime, and open borders as key areas of concern. Hovde believes that the country is heading in the wrong direction and emphasizes the need for unity and perseverance to restore the American Dream for future generations. His campaign website further outlines his focus on the cost of living, immigration, foreign policy, and healthcare. By tackling these issues head-on, Hovde aims to provide practical solutions and bring about positive change.

While Hovde is the frontrunner for the Republican nomination, there are other potential contenders in the race. Franklin businessman Scott Mayer has expressed serious consideration for a Senate run, raising the possibility of a competitive primary. Former Milwaukee County Sheriff David A. Clarke Jr. has also kept his name in the mix, although his intentions remain unclear. Both the national and state Republican parties have signaled their preference for avoiding a drawn-out primary race, as they aim to present a united front against Tammy Baldwin in the general election.

As Hovde enters the Senate race, he faces opposition and criticism from the Democratic Party. Democrats have attempted to portray Hovde as an out-of-touch millionaire seeking to buy a Senate seat in Wisconsin. They have highlighted his business ties to California and characterized him as “Eric Hovde, R-Laguna Beach.” Additionally, Democrats have criticized his stance on issues such as abortion rights, taxes, and healthcare. They argue that his policies would benefit the wealthy at the expense of middle-class Wisconsinites.

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Tammy Baldwin, the Democratic incumbent, is no stranger to tough political battles. She has successfully won two terms as a senator, with her victory margin doubling from 2012 to 2018. Baldwin has proven herself to be a tireless campaigner, garnering broad support across the state. She has already raised millions of dollars for her re-election bid and remains a formidable opponent for any challenger. Hovde’s campaign will need to strategize effectively to overcome Baldwin’s strong incumbency and broad appeal.

The Wisconsin Senate race holds significant implications for both parties in the battle for control of the Senate. Democrats must defend 23 seats, including those held by independent senators who caucus with Democrats, while Republicans only need to defend 11 seats. With the balance of power at stake, the outcome of the Wisconsin race could tip the scales and determine which party holds the majority in the Senate. Consequently, both sides are expected to invest substantial resources and energy into securing a victory in this critical battleground state.

Eric Hovde’s entry into the U.S. Senate race in Wisconsin against incumbent Tammy Baldwin has set the stage for a high-profile and fiercely contested campaign. As a successful businessman with a background in real estate, Hovde brings a unique perspective and a focus on economic growth and job creation. However, he faces significant challenges, including a potential primary race and the strong incumbent status of Tammy Baldwin. The Wisconsin Senate race will undoubtedly be closely watched and will play a crucial role in shaping the balance of power in the Senate.

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