Sunday, October 23rd, 2016

How many degrees of separation in Hovde story


Politico has a story that just shows ridiculous bias in covering US Senate candidate Eric Hovde. The story says “Hovde Financial” issued a newsletter that advised clients, “Let Uncle Sam Pay for Your Acquisition,” in January 2009. It’s not until the sixth paragraph that the reporter gives Hovde’s side of the story, that he has not controlled Hovde Financial (including its newsletter) in ten years. The company is under the control of Steven Hovde, the candidate’s brother.

Of course, had this been in the first paragraph, there would have been no story at all.

The Milwaukee Journal Sentinel’s Don Walker, who came under some criticism during the Ron Johnson / Russ Feingold race, reported on the Politico story and waited until the fourth paragraph before mentioning Hovde is not in control of the company.

The Politico story and the Milwaukee Journal Sentinel story also mention that one of Hovde’s current companies invested in other companies that took federal bailout money. None of Hovde’s companies took federal bailout money, but somehow investing in other companies that took bailout money is taboo according to Politico.

Trying to tar Hovde with the actions of companies beyond his control is just ridiculous bias. What’s next? If Eric Hovde’s best friend’s sister’s boyfriend’s brother’s girlfriend who heard from this guy who knows this kid who’s going with the girl who saw Ferris pass out at 31 Flavors last night, will the media criticize Hovde for not contributing to a new kidney for Ferris?

Okay everyone. Hovde’s rich. So is the guy he’s running to replace, Democratic Senator Herb Kohl. Rich people run for public office. Not exactly man-bites-dog or even Obama-bites-dog, but suddenly Politico and the Milwaukee Journal Sentinel find it newsworthy that a politician might be rich.

Chiming in on the theme that Hovde is rich is the Milwaukee Journal Sentinel’s Dan Bice, who divines the entrails of a statement made before the so-called “Buffett rule” was even proposed to see if Hovde somehow saw the future and endorsed the rule. Bice, who called the non-story on Politico, “interesting,” in his blog post refers to Hovde as, “the millionaire money man,” and construes, “Look, I have no problem with me getting charged higher taxes. I’ve been blessed in my life. And I’ve been very fortunate,” to mean an endorsement of the Buffett rule before it was even proposed. We have no idea if Hovde was referring to paying more under a flat tax, or that the top 10% pay over 70% of the income taxes in this country. Hovde doesn’t remember (he takes a guess) and Bice has no way of knowing.

Taking comments out of context and twisting them into attacks are what we are supposed to see in unscrupulous third-party campaign commercials. Bice is supposedly an “unbiased journalist.”

I hope whatever campaign leaked that bit of opposition research to Bice remembers to list the in-kind contribution.

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