State of South Dakota Archives: on Budget & Economy


Dennis Daugaard: Free enterprise is key to national prosperity

Question topic: Free enterprise and the right to private property turn mankind's natural self interest into the fairest and most productive economic system there is, and are the key to national prosperity.

Daugaard: Strongly Agree

Source: Faith2Action iVoterGuide on 2014 S.D. Gubernatorial campaign Sep 28, 2014

Gordon Howie: Market should be primary vehicle for economic recovery

Q: Do you support or oppose the statement, "Stimulus better than market-led recovery"?

A: Strongly oppose - The market should always be the primary vehicle for the economy.

Source: E-mail interview: 2014 S.D. Senate race with OnTheIssues.org Sep 18, 2014

Joel Dykstra: Johnson was asleep at the wheel on Banking Committee

Dykstra said Johnson was part of a federal system that seemed to be “asleep at the wheel” as the nation’s mortgage industry was racing toward a crash. Dykstra asked why Johnson and other members of the Senate Banking Committee failed to see and take action to avert the country’s current financial crisis.

Dykstra said Johnson has touted his 22 years in Congress and projected himself as a veteran with influence and important committee assignments. But he questioned whether Johnson’s seat on the Senate Banking Committee had proven useful at all in the months leading up to the financial meltdown. “On that committee, either there was something he should have done or there was nothing he could do,” Dykstra said. “Either way, that’s not a strong recommendation.”

Johnson said he had called for more oversight of Fannie Mae and Freddie Mac, the troubled government-supported mortgage entities. But that call for oversight was opposed by President Bush and Republican supporters in Congress.

Source: 2008 S.D. Senate debate reported in Rapid City Journal Sep 22, 2008

Joel Dykstra: Figure out where system failed in order to prevent a repeat

Johnson issued a statement that the Bush administration had “stifled regulation at every turn” when Congress sought controls over the mortgage industry and its practices. The financial bailout must be accompanied by more oversight, limits on executive pa and stipulations that the taxpayer money be used exclusively for American financial institutions, Johnson said.

“Folks in South Dakota work hard and their earnings should not subsidize the bloated compensation of a CEO of a failing firm,” he said. The $700 billion bailout “package may be a necessary evil, but we cannot allow it to be a gift to those on Wall Street at the expense of those on Main Street.”

Dykstra said the establishment in Washington, D.C., both Democrat and Republican, must accept th responsibility for the nation’s current crisis. And as the nation moves forward in trying to fix the problems in the mortgage business and on Wall Street, it’s important to figure out where the system failed in order to prevent a repeat, he said.

Source: 2008 S.D. Senate debate reported in Rapid City Journal Sep 22, 2008

Tim Johnson: Called for banking oversight, but opposed by Bush & GOP

Dykstra said Johnson was part of a federal system that seemed to be “asleep at the wheel” as the nation’s mortgage industry was racing toward a crash. Dykstra questioned whether Johnson’s seat on the Senate Banking Committee had proven useful at all in the months and years leading up to the financial meltdown. “In this whole banking crisis, Sen. Johnson sits on that committee. Either there was something he should have done or there was nothing he could do,” Dykstra said. “Either way, that’s not a stron recommendation.“

Johnson’s campaign said the senator was busy working on the proposed $700 billion bailout of the financial industry, with an agreement expected Monday night or today. Johnson said he had called for more oversight of Fannie Mae and Freddie Mac, the troubled government-supported mortgage entities hard hit by the subprime mortgage crisis. But that call for oversight was opposed by President Bush and Republican supporters in Congress, Johnson’s campaign said.

Source: 2008 S.D. Senate debate reported in Rapid City Journal Sep 22, 2008

  • The above quotations are from State of South Dakota Politicians: Archives.
  • Click here for definitions & background information on Budget & Economy.
  • Click here for other issues (main summary page).
2016 Presidential contenders on Budget & Economy:
  Republicans:
Gov.Jeb Bush(FL)
Dr.Ben Carson(MD)
Gov.Chris Christie(NJ)
Sen.Ted Cruz(TX)
Carly Fiorina(CA)
Gov.Jim Gilmore(VA)
Sen.Lindsey Graham(SC)
Gov.Mike Huckabee(AR)
Gov.Bobby Jindal(LA)
Gov.John Kasich(OH)
Gov.Sarah Palin(AK)
Gov.George Pataki(NY)
Sen.Rand Paul(KY)
Gov.Rick Perry(TX)
Sen.Rob Portman(OH)
Sen.Marco Rubio(FL)
Sen.Rick Santorum(PA)
Donald Trump(NY)
Gov.Scott Walker(WI)
Democrats:
Gov.Lincoln Chafee(RI)
Secy.Hillary Clinton(NY)
V.P.Joe Biden(DE)
Gov.Martin O`Malley(MD)
Sen.Bernie Sanders(VT)
Sen.Elizabeth Warren(MA)
Sen.Jim Webb(VA)

2016 Third Party Candidates:
Gov.Gary Johnson(L-NM)
Roseanne Barr(PF-HI)
Robert Steele(L-NY)
Dr.Jill Stein(G,MA)
Please consider a donation to OnTheIssues.org!
Click for details -- or send donations to:
1770 Mass Ave. #630, Cambridge MA 02140
E-mail: submit@OnTheIssues.org
(We rely on your support!)

Page last updated: Mar 01, 2017