John Thune

United States Senator

Give The Government A Year To Exit Private Sector

June 20th 2009

Senator Thune discusses the importance of the Government Ownership Exit Plan in a guest editorial published in Investor's Business Daily:

Last fall's economic downturn and liquidity crisis were very serious. However, in the course of responding to them, the government abandoned its initial plan of action to purchase toxic assets and instead took to buying ownership stakes in a large number of private companies.

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Editorial: Take government out of competition

June 19th 2009

An Editorial from KnoxNews:

U.S. Sen. John Thune, R-S.D., has introduced the bill in the U.S. Senate. Thune noted that roughly 850,000 federal employees perform jobs that can be classified as commercial in nature, which means in many instances the government "is competing directly against main street businesses."

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Sen. Thune’s Government Ownership Exit Plan Continues to Gain Support

June 18th 2009

Reported by Dave Eberhart at NewsMax:

“This money is not a discretionary slush fund for the Treasury and the Obama administration,” Thune said. “Congress controls the power of the purse, and this money should be directed toward debt reduction. Treasury has greatly expanded the original intent of the TARP funds, and spending those funds that have been returned as they see fit is unacceptable and puts taxpayer dollars at greater risk.”

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RC Journal: Federal Incentives may spur use of Black Hills National Forest waste for energy

June 18th 2009

From the Rapid City Journal:

Federal incentive payments are becoming available for harvesting and delivering wood waste for energy, in a program that will benefit the Black Hills area, according to Sen. John Thune, R-S.D.

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Republicans want a date for TARP repayment

June 17th 2009

Politico reports on Senator Thune's Government Ownership Exit Plan of 2009. Senator Thune is the chief sponsor of the legislation that will require the federal government to divest its shares in private companies by July 1, 2010:

Republicans in both chambers are calling for the White House to develop an “exit strategy” for the Troubled Asset Relief Program, the $700 billion rescue plan conceived by the previous administration.

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John Thune

United States Senator

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