The Ben Shapiro Show The War On Truth | Eric Hovde
Oct 4, 2024
Eric Hovde, a Republican Senate candidate from Wisconsin and a businessman in real estate and finance, discusses the pressing economic challenges facing voters today. He addresses the gap between perceived economic success and the struggles with inflation and wage stagnation. Hovde dives into the impact of rising housing costs tied to federal policies and the complex immigration issues at the southern border, while also critiquing the media's role in shaping political narratives.
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Economic Recession and Inflation
- Over 50% of Americans feel they've been in a recession for the past two years due to declining real wages.
- Inflation, measured like in the 80s, shows a 40% decline in purchasing power, impacting groceries, energy, and housing.
Impact of Federal Policy on Housing Costs
- Federal policies, including inflation and regulations, contribute to rising housing costs, impacting affordability for young families and hindering family formation.
- Regulations comprise 25-30% of housing costs, according to the National Association of Home Builders.
Politicians' Lack of Business Acumen
- Hovde, having run businesses, finds it irritating to watch politicians with no business experience discuss job creation.
- He highlights their inefficient redistribution of private sector funds, hindering actual wealth generation.