2010 Indiana State Treasurer election

none February 2026 July 2020 2010 Indiana State Treasurer election Indiana presidential no 2006 2014 November 2, 2010 File:StateTreasurerRichardMourdock (1).jpg 150x150px Richard Mourdock Republican Party (United States) 1,053,527 62.46% File:PeteButtigieg (1).JPG Pete Buttigieg Democratic Party (United States) 633,243 37.54% 2010 Indiana state treasurer election results map by county.svg 160px County resultsMourdock: #e27f7f 50–60% #d75d5d 60–70% #d72f30 70–80% #c21b18 80–90%Buttigieg: #7996e2 50–60% Treasurer Richard Mourdock Republican Party (United States) Richard Mourdock Republican Party (United States) 38.96% The 2010 Indiana State Treasurer election was held in on Tuesday, November 2, 2010, as part of the 2010 Indiana elections, held during the 2010 midterms. Incumbent Republican Treasurer Richard Mourdock won reelection.http://www.richardmourdock.com/ https://web.archive.org/web/20051028042429/http://www.richardmourdock.com/ usurped October 28, 2005 Richard Mourdock for State Treasurer of Indiana Richardmourdock.com August 21, 2010 His Democratic opponent was Navy veteran Pete Buttigieg.http://www.peteforindiana.com/ Pete Buttigieg for South Bend Mayor PeteForIndiana.com December 19, 2016 Debate in the campaign largely centered around Mourdock's decision to invest $43 million of state pension funds and other state funds in Chrysler junk bonds (losing Indiana a large amount of money due to the restructuring of Chrysler during the company's bankruptcy, and his subsequent decision to launch unsuccessful litigation in an effort to stop Chrysler's bankruptcy plan (including the Chrysler-Fiat merger) from taking effect. The 2010 elections was anticipated to be (and ultimately was) a Republican wave election, and Indiana was a Republican-leaning state. Therefore, as the Republican nominee, Mourdock's prospects were favored by prognosticators. With the 2010 election conditions in Indiana favoring Republicans, Buttigieg had hoped to persuade voters that were planning to vote Republican in other races to split their ticket for him. Ultimately, Mourdock defeated Buttigieg by a wide margin. Mourdock would go on to run unsuccessfully for the United States Senate in 2012 before resigning as treasurer. Buttigieg would go on to be elected mayor of South Bend in 2011, ultimately serving two terms. In 2020, Buttigieg would run an unsuccessful but competitive campaign for the Democratic nomination for U.S. president. During this campaign, he attained broad prominence; subsequently, he was appointed U.S. secretary of transportation in 2021 by newly elected president Joe Biden. Background Incumbent Republican Richard Mourdock had won election four years earlier 52% to 48%,Election Results: Treasurer of State http://www.in.gov/apps/sos/election/general/general2006?page=office&countyID=-1&officeID=8&districtID=-1&candidate= Indiana Secretary of State July 25, 2011 https://web.archive.org/web/20081202174555/http://www.in.gov/apps/sos/election/general/general2006?page=office&countyID=-1&officeID=8&districtID=-1&candidate= December 2, 2008 live which was considered to be a relatively narrow victory.Lyons Craig East Chicago's Aguilera aims to restore balance to state government as Dem candidate for treasurer https://www.chicagotribune.com/suburbs/post-tribune/ct-ptb-john-aguilera-indiana-treasurer-st-0626-story.html chicagotribune.com Chicago Tribune May 10, 2020 June 23, 2018 The 2006 election cycle had been nationally considered a favorable cycle for the Democratic Party, nationally being considered a Democratic wave election.Multiple sources: Cillizza Chris Is this a wave election? And what would that look like if it is? https://www.washingtonpost.com/news/the-fix/wp/2014/10/30/is-this-a-wave-election-and-what-would-that-look-like-if-it-is/ Washington Post 3 April 2024 26 November 2021 Media definitions of a wave election https://ballotpedia.org/Media_definitions_of_a_wave_election Ballotpedia 3 April 2024 en Murray Christopher Grove Ben Wave Election https://www.thompsoncoburn.com/insights/blogs/wonkology/post/2018-09-13/wave-election Thompson Coburn 3 April 2024 September 13, 2018 Wave elections (1918-2016)/Full report https://ballotpedia.org/Wave_elections_(1918-2016)/Full_report Ballotpedia 3 April 2024 en Chinni Dante Bronston Sally Was it a wave election? Depends on your data set https://www.nbcnews.com/politics/first-read/was-it-wave-election-depends-your-data-set-n939796 NBC News 3 April 2024 en 25 November 2018 Goddard Taegan Wave Election https://politicaldictionary.com/words/wave-election Political Dictionary 8 January 2024 Enten Harry Latest House results confirm 2018 wasn't a blue wave. It was a blue tsunami. https://www.cnn.com/2018/12/06/politics/latest-house-vote-blue-wave/index.html CNN 3 April 2024 en 6 December 2018 Usual Midterm Indicators Very Unfavorable for Democrats https://news.gallup.com/poll/393626/usual-midterm-indicators-unfavorable-democrats.aspx Gallup 3 April 2024 en 14 June 2022Multiple sources: The 2006 Elections: State by State; Midwest https://www.nytimes.com/2006/11/09/us/the-2006-elections-state-by-state-midwest.html 3 April 2024 November 9, 2006 Rosentiel Tom Democrats Made Gains in All Regions of the Country https://www.pewresearch.org/2006/11/14/democrats-made-gains-in-all-regions-of-the-country/ Pew Research Center 3 April 2024 14 November 2006 Galston William A. 2010 Midterm Elections Will Reshape the Political Landscape https://www.brookings.edu/articles/2010-midterm-elections-will-reshape-the-political-landscape/ Brookings 3 April 2024 October 25, 2010 Contrarily, 2010 was considered to be a favorable cycle for the Republican Party.Colwell Jack Standing firmly on bad ground South Bend Tribune October 3, 2010Kady Martin II 2010: GOP wave, Dem defense https://www.politico.com/tipsheets/huddle/2010/01/2010-gop-wave-dem-defense-004085 3 April 2024 January 4, 2010 2010 ultimately proved to be an immense Republican wave election.Multiple sources: Roff Peter Measuring the Size of Election 2010's Republican Sweep https://www.usnews.com/opinion/blogs/peter-roff/2010/11/05/measuring-the-size-of-election-2010s-republican-sweep US News & World Report 3 April 2024 November 5, 2010 Harris Paul MacAskill Ewen US midterm election results herald new political era as Republicans take House https://www.theguardian.com/world/2010/nov/03/us-midterm-election-results-tea-party The Guardian 3 April 2024 3 November 2010 McGreal Chris Election results point to big Republican wave, not tsunami https://www.theguardian.com/world/2010/nov/03/election-results-us-midterms-night The Guardian 3 April 2024 3 November 2010 Halloran Liz Obama Humbled By Election 'Shellacking' https://www.npr.org/2010/11/03/131046118/obama-humbled-by-election-shellacking NPR November 3, 2010 Indiana was considered to be a Republican-leaning state. Republicans had held the Indiana State Treasurer's office since 1979.Carden Dan 'Make America Nice Again:' Former East Chicago state representative set to claim Democratic state treasurer nomination. https://www.nwitimes.com/news/local/govt-and-politics/elections/make-america-nice-again-former-east-chicago-state-representative-set/article_54ddad7a-c076-5606-8abf-1e4da4d7eeb9.html nwitimes.com Time Times of Northwest Indiana May 5, 2020 en June 6, 2018 During his term, Mourdock had invested $43 million of state pension funds and other state funds in Chrysler junk bonds. This move by Mourdock lost Indiana a large amount of money due to the restructuring of Chrysler during the company's bankruptcy.Howey Brian Chrysler investment haunts GOP treasurer https://www.thenewsdispatch.com/opinion/guest_editorials/article_d2e4e01a-a151-5532-af23-cf7209a2795f.html The Michigan City News Dispatch September 17, 2019 July 4, 2010Howey Brian A. Obama's impact in Indiana profound Howey Politics Indiana June 10, 2010 15 37 https://www.in.gov/library/files/HPR15a37.pdf September 19, 2019 Mourdock unsuccessfully would take legal action to attempt to stop Chrysler's bankruptcy plan (including the Chrysler-Fiat merger) from taking effect.Buttigieg Plans State Treasurer Run https://timesuniononline.com/Content/Default/News/Article/Buttigieg-Plans-State-Treasurer-Run/-3/224/46004 Times Union September 18, 2019 March 2, 2010 January 11, 2020 https://web.archive.org/web/20200111201136/https://timesuniononline.com/Content/Default/News/Article/Buttigieg-Plans-State-Treasurer-Run/-3/224/46004 dead Suddeath Daniel State treasurer hopeful says Mourdock misjudged Chrysler case https://www.newsandtribune.com/archives/state-treasurer-hopeful-says-mourdock-misjudged-chrysler-case/article_ce9d4093-422e-5472-8428-f33e5a77bf20.html News and Tribune September 20, 2019 September 18, 2010 These actions would become a central issue of the 2010 election campaigning.Ruthart Bill War of words has a bigger audience this time Indianapolis Star October 19, 2010 Nominations Democrats nominated Pete Buttigieg. He was the only candidate to seek the Democratic nomination,Foulkes Arthur Candidate for state office brings campaign to city https://www.tribstar.com/news/local_news/candidate-for-state-office-brings-campaign-to-city/article_3ea714f2-08d0-5070-a562-7baf15b5e6fa.html Tribune-Star September 15, 2019 April 8, 2010Allen Kevin State Dems pick Buttigieg South Bend Tribune June 27, 2010 and was formally nominated at the Democratic state convention in Indianapolis on June 26.Multiple sources: (Foulkes Arthur Democrats gather in Vigo to support statewide candidates Tribune-Star June 29, 2010 Allen Kevin Statewide Democratic candidates visit city South Bend Tribune June 30, 2010 Laverty Deborah United Democratic ticket hits road to talk jobs The Times of Northwest Indiana June 30, 2010 Indiana Democrats rally in Jeffersonville WHAS-TV June 28, 2019 Republicans formally renominated incumbent State Treasurer Richard Mourdock at their state convention on June 19. Campaigning Buttigieg's campaign Buttigieg launched an exploratory campaign in March 2010. That month, he resigned from his job at the consulting firm McKinsey & Company in order to campaign full-time.Multiple sources: Wang Amy B. Itkowitz Colby Pete Buttigieg releases 10 years of tax returns, jabs Trump for not doing the same https://www.washingtonpost.com/politics/2019/04/30/pete-buttigieg-releases-years-tax-returns-jabs-trump-not-doing-same/ Washington Post October 23, 2019 April 30, 2019 Suddeath Daniel State treasurer hopeful stumps in New Albany https://www.newsandtribune.com/news/clark_county/state-treasurer-hopeful-stumps-in-new-albany/article_c96cf31d-5136-5f50-a6ef-b1888bfd66cd.html News and Tribune September 21, 2019 Buttigieg Running for State Treasurer http://mywabashvalley.com/fulltext/?nxd_id=112165 https://web.archive.org/web/20100413044153/http://mywabashvalley.com/fulltext/?nxd_id=112165 dead April 13, 2010 WTWO-TV April 8, 2010 Richmond Bill State Treasurer candidate makes local stops http://www.winchesternewsgazette.com/news/state-treasurer-candidate-makes-local-stops/article_a6db7987-9745-574c-ab03-ee27cc6ed1bd.html#share Winchester News Gazette September 21, 2019 April 19, 2010Field Matt Treasurer hopeful outlines goals https://www.thenewsdispatch.com/news/local/article_2c536ea0-7d2f-5760-a140-2b3d6e245b29.html The Michigan City News Dispatch September 17, 2019 June 3, 2010Allen Kevin South Bend's Buttigieg hopes to be next state treasurer South Bend Tribune June 20, 2010 Buttigieg formally launched his candidacy during South Bend's Dyngus Day celebrations on April 5.Multiple sources: Dyngus Day marks a milestone http://www.wndu.com/hometop/headlines/89952987.html https://web.archive.org/web/20100411222915/http://www.wndu.com/hometop/headlines/89952987.html dead April 11, 2010 WNDU-TV April 5, 2010 Dyngus Day celebrations in South Bend http://www.wndu.com/hometop/headlines/89902632.html https://web.archive.org/web/20100408181826/http://www.wndu.com/hometop/headlines/89902632.html dead April 8, 2010 WNDU-TV April 5, 2010 Businessman starts campaign for Democratic nomination The Republic April 5, 2010 Allen Kevin Much at stake on Dyngus Day for Democrat South Bend Tribune April 6, 2010 Buttigieg was ultimately unchallenged for the Democratic nomination and was formally nominated at the Democratic state convention in Indianapolis on June 26.Democrats put rookies in state races The Journal Gazette June 27, 2010 Buttigieg was considered a long-shot.Colombo Hayleigh Some national Democrats swoon over South Bend Mayor Pete Buttigieg https://www.ibj.com/articles/65820-some-national-democrats-swoon-over-south-bend-mayor-pete-buttigieg Indianapolis Business Journal May 6, 2019 October 14, 2017Webb Jon Pete Buttigieg lost his first race to a former Vanderburgh County commissioner https://www.courierpress.com/story/opinion/columnists/jon-webb/2019/04/03/pete-buttigieg-got-trounced-his-first-indiana-campaign/3341473002/ Courrier Press September 15, 2019 April 3, 2019 Buttigieg was a political newcomer, a first-time candidate, and had never held public office,Democratic candidates swing through FW WLFI-TV June 29, 2010 even proclaiming on his campaign website, "I'm a businessman who has never run for office before, but I have the education, experience and energy to lend a hand at this critical time in our state's history."Why I'm Running http://in.peteforindiana.com/o/5972/t/5988/content.jsp?content_KEY=3493 Pete for Indiana September 15, 2019 https://web.archive.org/web/20160420012341/http://in.peteforindiana.com/o/5972/t/5988/content.jsp?content_KEY=3493 April 20, 2016 Buttigieg also lacked name recognition. Buttigieg raised $287,000 in campaign contributions.Peterson Mark Candidate for SB mayor raises $229,000 https://www.wndu.com/home/headlines/Candidate_for_SB_mayor_raises_229000.html WNDU-TV September 17, 2019 April 20, 2011 January 11, 2020 https://web.archive.org/web/20200111201136/https://www.wndu.com/home/headlines/Candidate_for_SB_mayor_raises_229000.html dead He refused to accept campaign contributions from banks or bank PACs.Peryam Jennifer Treasurer Candidate Visits Warsaw Times-Union October 28, 2010 He also placed limits on the amount of contributions accepted by his campaign from individuals who work at banks,Buttigieg: No Contributions From Banks http://in.peteforindiana.com/p/salsa/web/news/public/?news_item_KEY=2576 Pete for Indiana September 18, 2019 June 23, 2010 September 18, 2019 https://web.archive.org/web/20190918150954/http://in.peteforindiana.com/p/salsa/web/news/public/?news_item_KEY=2576 dead Chávez Aída Grim Ryan Pete Buttigieg Swore Off Bank Money in His 2010 Campaign https://theintercept.com/2019/12/10/pete-buttigieg-campaign-donations-private-equity-banks/ The Intercept 12 November 2022 en December 10, 2019 refusing to accept contributions from bank employees in excess of $2,300.Carden Dan Treasurer candidate says no to bank PAC donations The Times of Northwest Indiana June 24, 2010 Buttigieg expressed a belief that the acceptance of campaign funds from banks, bank executives, and political action committees connected to banks would be a conflict of interest for a state treasurer candidate. If elected, Buttigieg would have been the first elected state treasurer to hail from South Bend. Buttigieg criticized Mourdock for having invested state pension funds and other state funds in Chrysler junk bonds. He also criticized the legal action which Mourdock took in an attempt to stop Chrysler's bankruptcy plan from taking effect, arguing that this could have imperiled a company which Buttigieg described as being, "one of the most important employers in the state of Indiana," and the jobs which it provided the state.Multiple sources: Allen Kevin Indiana treasurer candidates attend forum in South Bend Mourdock, Buttigieg spar over Chrysler bankruptcy action. South Bend Tribune September 29, 2010 News: Buttigieg Reacts to Chrysler Jobs Announcement http://in.peteforindiana.com/p/salsa/web/news/public/?news_item_KEY=2517 Pete for Indiana September 21, 2019 May 11, 2010 September 18, 2019 https://web.archive.org/web/20190918151034/http://in.peteforindiana.com/p/salsa/web/news/public/?news_item_KEY=2517 dead Bender Nancy Pete Buttigieg visits Miami County Peru Tribune May 13, 2010 Colwell Jack If only he isn't too smart for the job South Bend Tribune May 16, 2010 Ault Bryan Democrat pitches candidacy Seymour Daily Tribune May 25, 2010 Placing emphasis on the potential job loss that could have occurred due to Mourdock's lawsuit, Buttigieg even had his nomination seconded at the state convention by Richie Boruff, the president of Kokomo's United Automobile Workers Local 685.Democrats Nominate Buttigieg for Treasurer http://in.peteforindiana.com/p/salsa/web/news/public/?news_item_KEY=2586 Pete for Indiana September 19, 2019 June 26, 2010 September 18, 2019 https://web.archive.org/web/20190918150946/http://in.peteforindiana.com/p/salsa/web/news/public/?news_item_KEY=2586 dead Buttigieg also argued that, had the lawsuit been successful, it would also have led to further losses in the value of the junk bonds. Buttigieg further criticized Mourdock for choosing costly out-of-state firms to manage the lawsuit, which charged the state $2 million for their services, arguing that he could have saved money and better benefited the state by using less expensive in-state law firms.An issue worth debating Fort Wayne Journal Gazette September 14, 2010Multiple sources: Schneider Mary Beth State Treasurer race heats up Indianapolis Star September 9, 2010 News: Buttigieg Questions Chrysler Lawsuit Spending http://in.peteforindiana.com/p/salsa/web/news/public/?news_item_KEY=2669 Pete for Indiana September 20, 2019 September 9, 2010 September 20, 2019 https://web.archive.org/web/20190920165449/http://in.peteforindiana.com/p/salsa/web/news/public/?news_item_KEY=2669 dead Kelly Niki Foe calls treasurer's spending wasteful The Journal Gazette September 10, 2010 Treasurer candidates spar on Chrysler suit South Bend Tribune September 10, 2010 Ultimately, the issue of the Chrysler junk bonds and the lawsuit against Chrysler emerged as the central issue of the campaign between Buttigieg and Mourdock.Kelly Niki More to this race than Chrysler suit Fort Worth Journal Gazette October 17, 2010 Potential evidence of the failure of Buttigieg to gain traction on his argument about the risk of job loss that could have occurred due to Mourdock's Chrysler lawsuit was that Howard County, home to Kokomo (and 6,000 Chrysler jobs) was ultimately carried by Mourdock by a margin of 15,631 to 9,677. Buttigieg touted himself as having a fiscally conservative record. Buttigieg additional stated that he believed that the State of Indiana needed to be more selective about what banks it did business with, using the "power of the purse" to pressure and reward banks.Multiple sources: Banking industry comes under fire WTHI-TV July 30, 2010 Carden Dan Candidate: State should pressure banks https://www.nwitimes.com/news/local/lake/article_11e71f6a-473d-5479-ae8f-9b2ddb5dc9d1.html The Times of Northwest Indiana September 21, 2019 April 7, 2010 Bailey Elizabeth Young Candidate Wants To Rejuvenate State Greensburg Daily News May 27, 2010 Buttigieg wanted the state to start doing more business with local banks.Buttigieg outlined new bank plan WANE-TV July 29, 2010 Buttigieg proposed taking an "Indiana first" policy when selecting banks in which to deposit state funds.Chambers Blake Treasurer Candidate visits T.H. Washington Herald Times September 25, 2010 Buttigieg pledged that he would use the State Treasurer's office to pressure banks to be more "consumer friendly".Democrat Announces Run for Indiana Treasurer http://tristatehomepage.com/fulltext/?nxd_id=146105 https://web.archive.org/web/20100413061036/http://tristatehomepage.com/fulltext/?nxd_id=146105 dead April 13, 2010 TriStateHomepage.com April 7, 2010 Buttigieg argued that the state should only invest tax dollars in financial institutions that had demonstrated that they treat customers well,Flynn Bridget State treasurer candidate zeroes in on unemployment https://www.thenewsdispatch.com/news/local/article_bc1c16d7-260d-5717-94bc-770a769dd444.html The Michigan City News Dispatch September 17, 2019 August 25, 2010Flynn Bridget State treasurer candidate talks jobs Herald Argus August 25, 2010Snyder Mike Young Dem seeks state post Portland Commercial Review April 17, 2010 such as those that gave to small businesses and kept residents from losing homes to foreclosure.Greninger Howard Treasurer hopeful eyes job growth Tribune-Star https://www.tribstar.com/news/local_news/treasurer-hopeful-eyes-job-growth/article_e8e58a35-1512-5858-bfba-bd913f45c3d1.html September 20, 2019 July 31, 2010 Buttigieg wanted banks to create more "job friendly" loan programs.Richmond Bill Buttigieg: State money, jobs top priorities Winchester News Gazette August 9, 2010 Buttigieg also said that he would pressure banks to act more responsibly.State Treasurer Nominee Talks Job During Terre Haute Visit WTWO July 31, 2010Nolan Bethany Candidate Pete Buttigieg visits Bloomington, talks about his state treasury plans The Herald-Times July 31, 2010 He proposed setting guidelines for what banks Indiana would do business with which would include requiring that banks Indiana deposited money with had an Indiana headquarters, or have a large proportion of their employees (at least 50%) being in-state employees.Dick Stephen State treasurer candidate wants banks to help communities The Herald Bulletin July 30, 2010Multiple sources: Jastrzebski Stan Buttigieg Proposes New Banking Rules Which Mourdock Dismisses Indiana Public Radio July 30, 2010 Fact Sheet: Bank Accountability Checklist http://in.peteforindiana.com/p/salsa/web/news/public/?news_item_KEY=2629 Pete for Indiana September 18, 2019 July 29, 2019 September 18, 2019 https://web.archive.org/web/20190918134908/http://in.peteforindiana.com/p/salsa/web/news/public/?news_item_KEY=2629 dead His proposed guidelines would also require that banks comply with obligations with the Community Reinvestment Act, comply with the future requirements of the Consumer Financial Protection Bureau, and have a track record of community-oriented financial innovation (such as lending to micro enterprises). He would also require banks have, "a record of resolving distressed home mortgages through re-negotiation" and a "commitment to small business lending, including lending to minority-owned and women-owned enterprises".News:Buttigieg: Expect More from Banks http://in.peteforindiana.com/p/salsa/web/news/public/?news_item_KEY=2628 Pete for Indiana September 18, 2019 July 29, 2010 September 20, 2019 https://web.archive.org/web/20190920165520/http://in.peteforindiana.com/p/salsa/web/news/public/?news_item_KEY=2628 dead Buttigieg also spoke of a desire to invest in Indiana corporate bonds. Buttigieg had a proposal that he had dubbed as the "Hoosier Capital Connector" under which he would return money deposited out-of-state to the state, depositing it at in-state financial institutions.Vlerebome Peggy Dem candidate for state treasurer offers plan to create job growth Madison Courier October 13, 2010News: Buttigieg Proposes Job Creation Program http://in.peteforindiana.com/p/salsa/web/news/public/?news_item_KEY=2699 Pete for Indiana September 20, 2019 October 7, 2010 September 20, 2019 https://web.archive.org/web/20190920183455/http://in.peteforindiana.com/p/salsa/web/news/public/?news_item_KEY=2699 dead Under the plan, money (including $100,000 million from the state's $3 billion general fund) would be deposited in local banks that agreed to lend cash at lower interest rates to local small businesses which pledge to generate or preserve jobs.Dem candidate for state treasurer offers plan to create job growth https://madisoncourier.com/Content/Social/Social/Article/Dem-candidate-for-state-treasurer-offers-plan-to-create-job-growth/-2/-2/59192 Madison Courier September 20, 2019 October 13, 2010Boyce Brian State treasurer hopeful touts plan to grow jobs during TH stop https://www.tribstar.com/news/local_news/state-treasurer-hopeful-touts-plan-to-grow-jobs-during-th/article_2eb044ec-60a5-5e67-9206-d2544b41bec4.html Tribune-Star September 20, 2019 October 7, 2010 The treasurer's office would connect such businesses with lower interest loans, and the program would require that the businesses and the participating financial regularly file reports with the treasurer's office.Doyle Abbey Treasurer candidate hopes to implement program to create jobs Newsroom News Anderson Herald Bulletin October 12, 2010 Buttigieg pointed to other states, such as Missouri, where similar policies had been implemented.Whalbring Marcus Candidate For State Treasurer Promotes Plan For Job Expansion The Greensburg Daily News October 13, 2010 Buttigieg criticized the lack of transparency in the state treasurer's office.Boyce Brian Treasurer candidates at odds on biz risks https://www.tribstar.com/news/local_news/treasurer-candidates-at-odds-on-biz-risks/article_aab9c60e-f3aa-511e-8a32-931568a23448.html Tribune-Star September 21, 2019 October 23, 2010NEWS: Taxpayers deserve to know http://in.peteforindiana.com/p/salsa/web/news/public/?news_item_KEY=2550 Pete for Indiana September 21, 2019 June 3, 2010 September 18, 2019 https://web.archive.org/web/20190918151015/http://in.peteforindiana.com/p/salsa/web/news/public/?news_item_KEY=2550 dead Buttigieg proposed measures to increase the transparency of the state's financial transactions. This would include increasing the frequency of reporting on the state's investments and its holdings, which were at the time annually reported, to at least quarterly.News: Buttigieg: Show Hoosiers the Money http://in.peteforindiana.com/p/salsa/web/news/public/?news_item_KEY=2695 Pete for Indiana September 20, 2019 October 4, 2010 September 20, 2019 https://web.archive.org/web/20190920163417/http://in.peteforindiana.com/p/salsa/web/news/public/?news_item_KEY=2695 dead Buttigieg's plans also entailed being more transparent and standardized in the decision process of where the treasurer deposited state money, including publishing online the criteria expected of financial institutions where money would be deposited. It would also entail posting online of investment policy statements for each fund managed by the state treasurer's office, as well as information and links to outside firms managing state funds. Buttigieg's plans would also entail increasing the transparency of investment policy statements and state treasury records, making them accessible online.Schultz Jeff State treasurer candidate Pete Buttigieg makes Chesterton stop Chesterton Tribune June 18, 2010 It would also involve employing an online tracking system for all public information requests. It would also involve an increase of public input in investment decisions, holding at least twice-annually a series of town halls. His plans would also place a prohibition on former employees of the treasurer's staff lobbying or doing business with the office for two years after they leave. Buttigieg argued that, by keeping better track of deposits and lending, the state could free credit up and stimulate job growth.Sarvay Scott State Treasurer Nominee Visits Fort Wayne Indiana's Newscenter July 29, 2010 Buttigieg pledged that, as treasurer, he would seek to reinvest state funds in assets that were issued by companies based in Indiana wherever they would generate good returns on investment.South Bend economist seeks state treasurer nomination Indy Star April 6, 2010 Buttigieg also argued that the role of treasurer should be depoliticized.Treasurer Candidate Touts Economic Focus Columbus Republic May 29, 2010 Buttigieg called for the position of treasurer to have more stringent ethics codes. Buttigieg promised, if elected, to partner with the Indiana State Legislature to pass ethics standards to that would ensure that no investments would not be influenced by corporate campaign contributions. Buttigieg promised to work with the Indiana State Legislature to seek legislation prohibiting political contributions from banks to anyone running for state treasurer,Hawkins Ronald Buttigieg says state investments should boost jobs Martinsville Reporter Times October 2, 2010Multiple sources: Buttigieg: No Contributions From Banks http://in.peteforindiana.com/p/salsa/web/news/public/?news_item_KEY=2576 Pete for Indiana September 18, 2019 June 23, 2010 September 18, 2019 https://web.archive.org/web/20190918150954/http://in.peteforindiana.com/p/salsa/web/news/public/?news_item_KEY=2576 dead Buttigieg Pete Op-Ed: Follow Illinois? Time for Real Campaign Finance Reform in Indiana http://in.peteforindiana.com/p/salsa/web/news/public/?news_item_KEY=2692 Pete for Indiana September 20, 2019 September 30, 2010 September 20, 2019 https://web.archive.org/web/20190920165001/http://in.peteforindiana.com/p/salsa/web/news/public/?news_item_KEY=2692 dead Buttigieg argued that Indiana had not been wisely investing taxpayer money.Dem. State Treasurer Candidate Hopes To Take Tax Money And Invest It In Indiana Wisely http://www.indianasnewscenter.com/news/local/90001152.html https://web.archive.org/web/20100416030532/http://www.indianasnewscenter.com/news/local/90001152.html dead April 16, 2010 Indiana's News Center April 6, 2019 For instance, he criticized the investment of hundreds of millions in tollway revenue into junk bonds.Mann David A. Candidates push job creation on two-day state tour News and Tribune June 29, 2010Johannsen Kirik Treasurer Candidate Touts Economic Focus Columbus Republic May 29, 2010 Buttigieg argued that the state treasurer's office could be more efficiently and profitably managed.State treasurer candidate stops here North Vernon Plain Dealer June 9, 2010 Buttgigieg argued that wiser management of the states finances would decrease the necessity for cuts, such as those that had been recently made to education. Buttigieg pledged to commission a review of the state's investments in order decrease the state's Indiana's vulnerability to risky debt.Multiple sources: Pete's New Ideas http://in.peteforindiana.com/o/5972/t/5988/content.jsp?content_KEY=3476 Pete for Indiana September 19, 2019 November 6, 2020 https://web.archive.org/web/20201106063248/http://in.peteforindiana.com/o/5972/t/5988/content.jsp?content_KEY=3476 dead Economist to run for state treasurer Indianapolis Star Buttigieg also promised that, within his first 60 days in office, he would assemble a committee that would inform his principles and develop reporting procedures. Such a committee would be made up of financial businesses, labor representatives, academic leaders, and consumer advocacy leaders. Buttigieg declared that, “In these tough economic times, state government needs to find new and creative ways to make our tax dollars work harder and smarter for us." Buttigieg's campaign placed an emphasis on job-creation and economic development. He also considered a top priority to be consumer protection. Buttigieg argued that he could use the office of Treasurer to assist in generating economic growth in the state by making investments in state assets and depositing state money in the banks most likely to recirculate dollars to local communities. Buttigieg urged Mourdock to hold a debate with him.Multiple sources: News: Buttigieg Renews Calls for Debates http://in.peteforindiana.com/p/salsa/web/news/public/?news_item_KEY=2697 Pete for Indiana September 20, 2019 October 6, 2010 September 20, 2019 https://web.archive.org/web/20190920163251/http://in.peteforindiana.com/p/salsa/web/news/public/?news_item_KEY=2697 dead News:In Wake of Mourdock Outburst, Buttigieg Calls for a Full Debate http://in.peteforindiana.com/p/salsa/web/news/public/?news_item_KEY=2688 Pete for Indiana September 20, 2019 September 29, 2010 September 20, 2019 https://web.archive.org/web/20190920165420/http://in.peteforindiana.com/p/salsa/web/news/public/?news_item_KEY=2688 dead News: Mourdock Finds Time for Bizarre Visit to Opponent's Home, but not Debates http://in.peteforindiana.com/p/salsa/web/news/public/?news_item_KEY=2712 Pete for Indiana September 21, 2019 October 21, 2010 September 20, 2019 https://web.archive.org/web/20190920134803/http://in.peteforindiana.com/p/salsa/web/news/public/?news_item_KEY=2712 dead This was to no avail, ultimately. In what was seen to be shaping up as a Republican wave election, Buttigieg hoped he could attract ticket splitting voters.Carden Dan Dem statewide candidates hit road together Times of Northwest Indiana October 30, 2010 Buttigieg made efforts to reach out to the Republican-associated Tea Party movement, declaring that he understood their economic concerns.Lemon Jason Pete Buttigieg faces backlash after speech at Tea Party event resurfaces online: "He's done. Absolutely done" https://www.newsweek.com/buttigieg-tea-party-video-1472730 Newsweek November 21, 2019 en November 19, 2019 Mourdock's campaign Moudock was formally renominated by the Republican Party at its state convention on June 19. Mourdock defended his investment in Chrysler junk bonds, claiming that junk bonds had actually been the best-performing assets in the state's investment portfolio.Incumbent treasurer Mourdock faces young Dem challenger Post Tribune of Northwest Indiana Mourdock defended the lawsuit he lodged against Chrysler, which cost the state $2 million, as having fulfilled his "fiduciary duties" and having been his acting on behalf of the taxpayers of Indiana.Howey Brian HOWEY: A fascinating race for state treasurer https://www.newsandtribune.com/opinion/columns/howey-a-fascinating-race-for-state-treasurer/article_ebc565a2-8cab-5019-8c67-220a5a9436d1.html News and Tribune September 18, 2019 July 3, 2010Holtz Maribeth State Treasurer candidate speaks in Marion Marion Chronicle Tribune May 6, 2010 He acknowledged that some admired, and others reviled, the stand he took against Chrysler. However, he believed that the lawsuit earned him name recognition” (it had earned him hundreds of speaking engagements on the subjectButtigieg ready to take on Mourdock http://kokomoperspective.com/news/local_news/article_399ec16c-4d8a-11df-baaa-001cc4c002e0.html Kokomo Perspective September 21, 2019 April 22, 2010) and would ultimately benefit his campaign, stating, “I think that is very much going to play in our favor. I think most Hoosiers were opposed to seeing our pensioners getting ripped off, which is exactly what happened.” Mourdock collaborated with governor Mitch Daniels on an op-ed in early June The Wall Street Journal defending the lawsuit.Bradner Eric Chrysler bankruptcy drives Ind. treasurer's race Evansville Courier Press June 5, 2010 Mourdock received criticism during the campaign from Buttigieg for holding events with controversial figures such as television personality Glenn Beck (an appearance Buttigieg particularly criticized in light of "deceptive" cash-for-gold advertisements Beck had been featured in)Howey Brian A. Rokita warns candidates on ISTA campaign funds Howey Politics Indiana October 14, 2010 16 10 https://www.in.gov/library/files/HPR1610.pdf September 20, 2019News: Buttigieg Calls on Mourdock to Cancel Appearances with Beck http://in.peteforindiana.com/p/salsa/web/news/public/?news_item_KEY=2675 Pete for Indiana September 20, 2019 September 14, 2010 September 20, 2019 https://web.archive.org/web/20190920165455/http://in.peteforindiana.com/p/salsa/web/news/public/?news_item_KEY=2675 dead and Maricopa County Sheriff Joe Arpaio.Buttigieg Comments on Mourdock Event Featuring Controversial Sheriff http://in.peteforindiana.com/p/salsa/web/news/public/?news_item_KEY=2654 Pete for Indiana September 20, 2019 August 19, 2010 September 20, 2019 https://web.archive.org/web/20190920165445/http://in.peteforindiana.com/p/salsa/web/news/public/?news_item_KEY=2654 dead Mourdock positioned himself in opposition to bailouts of banks.ISSUES http://www.richardmourdock.com/issues.htm Hoosiers for Richard Mourdock usurped https://web.archive.org/web/20101029004331/http://www.richardmourdock.com/issues.htm October 29, 2010 Mourdock argued that he had been wisely investing taxpayer money as treasurer. Mourdock advertised his role as Chairman of the Indiana Wireless Enhanced 911 advisory board, proclaiming that such work demonstrated his commitment to public safety. Moudrock also advertised his role Chairman of the Indiana Education Savings Authority, arguing that it demonstrated his commitment to promoting education and college savings. He pointed to the growth of the state's college savings plan as a success of his. Mourdock criticized Buttigieg's plan to impose requirements on banks seeking state deposits, accusing Buttigieg of wanting to implement "social policy".Friedman Shaw R. Is 'shock & awe' the best Mourdock can do? Howey Politics Indiana August 12, 2010 16 1 https://www.in.gov/library/files/HPR1601.pdf September 20, 2019 Mourdock responded to criticism by Buttigieg of his investing by publicizing that the state treasurer's had earned $480 million in the 2010 fiscal year.Howey Brian A. Buttigieg alleges poor Mourdock investing; incumbent cites return of $480 million Howey Politics Indiana October 21, 2010 16 11 https://www.in.gov/library/files/HPR1611.pdf September 20, 2019 Mourdock often described his role as being the states "investor-in-chief".Hayden Maureen Candidates for lesser known offices offer civics lessons https://www.tribstar.com/news/local_news/candidates-for-lesser-known-offices-offer-civics-lessons/article_f2b48cd4-a4a3-5664-a692-46d2d8a24f85.html September 21, 2019 Tribune-Star November 1, 2010 Mourdock's campaign was criticized by Buttigieg for accepting money from bank PACs.News: Finance Report Exposes Mourdock's Bailout Hypocrisy http://in.peteforindiana.com/p/salsa/web/news/public/?news_item_KEY=2710 Pete for Indiana September 21, 2019 October 18, 2010 September 20, 2019 https://web.archive.org/web/20190920134520/http://in.peteforindiana.com/p/salsa/web/news/public/?news_item_KEY=2710 dead Mourdock's candidacy was seen as benefiting from running in a very Republican-favorable election cycle and from being in a Republican-leaning state, making him the strong favorite to win. Endorsements Pete Buttigieg (D) Organizations AFL–CIOAFL CIO Endorsements 2010 Local 1010 Steelworker 21 2 16 http://usw1010.org/images/Steelworker4thQtr2010.pdf East Chicago, Indiana Indiana State Teachers AssociationEndorsed Candidates in Fall 2010 Election https://sites.google.com/site/yourkvta/dashboard/endorsed-candidates-in-fall-2010-election Kankakee Valley Teachers Association October 22, 2019 United Automobile WorkersHodge John Treasurer candidate counts UAW retirees as strong supporters New Castle Courier Times September 29, 2010 United Automobile Workers Citizenship and Legislative CommitteeIndiana UAW CAP endorses Pete Buttigieg for state treasurer http://in.peteforindiana.com/p/salsa/web/news/public/?news_item_KEY=2581 Pete for Indiana September 19, 2019 June 24, 2010 September 18, 2019 https://web.archive.org/web/20190918150949/http://in.peteforindiana.com/p/salsa/web/news/public/?news_item_KEY=2581 dead United Automobile Workers Region 3 Victory Fund Newspapers Fort Wayne Journal GazetteVital administrators Fort Wayne Journal Gazette October 16, 2010 Indiana Daily StudentPete Buttigieg for State Treasurer Indiana Daily Student November 1, 2010 South Bend TribuneOur Opinion: Buttigieg for Treasurer South Bend Tribune October 29, 2010 The Times of Northwest IndianaEditorial: We endorse Buttigieg for state treasurer The Times of Northwest Indiana October 29, 2010 Result Ahead of the election, the race was projected as leaning in Mourdock's favor.Boyce Brian Democrats stage rally to encourage supporters to keep fighting https://www.tribstar.com/news/local_news/democrats-stage-rally-to-encourage-supporters-to-keep-fighting/article_ae91ca24-cb53-56d3-beae-ac287a5bb377.html September 21, 2019 Tribune-Star October 30, 2010 Mourdock won a second term as treasurer with 62% of the vote. Mourdock was the state's top vote-getter, receiving a greater number of votes than any other Indiana candidate in the 2010 elections.Marcus Morton J. Self-employment gap endangers state future Howey Politics Indiana November 3, 2010 16 14 https://www.in.gov/library/files/HPR1601.pdf September 20, 2019Hayden Maureen State's top vote-getter credits Chrysler bankruptcy fight for election win https://www.newsandtribune.com/news/business/state-s-top-vote-getter-credits-chrysler-bankruptcy-fight-for/article_bad418b6-f732-589d-ad6f-035976a4c80a.html News and Tribune September 20, 2019 November 9, 2010 Turnout for the race was 38.96%.2010 General Election Tuesday, November 2, 2010 General Election Turnout and Registration https://www.in.gov/sos/elections/files/2010_General_Election_Turnout_Data.pdf Indiana Secretary of State May 10, 2020 September 24, 2020 https://web.archive.org/web/20200924011900/https://www.in.gov/sos/elections/files/2010_General_Election_Turnout_Data.pdf dead Turnout for the race was slightly lower than that of the elections for other two Indiana statewide offices up for coinciding elections (auditor and secretary of state). General election results2010 Indiana Election Results https://www.in.gov/sos/elections/files/2010_ELECTION_RESULTS_155618.pdf Indiana.gov Voter Portal May 2, 2019 April 12, 2019 https://web.archive.org/web/20190412033229/https://www.in.gov/sos/elections/files/2010_ELECTION_RESULTS_155618.pdf dead Richard Mourdock (incumbent) Republican Party (United States) 1,053,527 62.46 Pete Buttigieg Democratic Party (United States) 633,243 37.54 1,686,770 Aftermath Both candidates would go on to seek other offices. In 2011, Buttigieg was elected mayor of South Bend, Indiana.Fuller Jaime The most interesting mayor you've never heard of https://www.washingtonpost.com/blogs/the-fix/wp/2014/03/10/the-most-interesting-mayor-youve-never-heard-of/ May 4, 2020 The Washington Post March 10, 2014 He would be reelected mayor in 2015.Mark Peterson South Bend Mayor Pete Buttigieg wins re-election https://www.wndu.com/home/headlines/Buttigieg-vies-for-second-term-as-South-Bend-mayor-340002362.html WNDU-TV November 3, 2015 May 4, 2020 February 21, 2017 https://web.archive.org/web/20170221081921/https://www.wndu.com/home/headlines/Buttigieg-vies-for-second-term-as-South-Bend-mayor-340002362.html dead During his second term as mayor Buttigieg ran unsuccessfully in the 2017 Democratic National Committee chairmanship election.Alex Seitz-Wald https://www.nbcnews.com/politics/elections/dnc-race-democrats-elect-new-leader-saturday-n725596 DNC Race: Democrats Elect New Leader Saturday NBC News February 25, 2017 February 25, 2017 Later in his second term as mayor, he launched his campaign for the Democratic nomination in the 2020 United States presidential election, which saw him rise to become a top-tier candidate in primary race. He was later appointed by President Joe Biden to be the 19th United States Secretary of Transportation. On February 22, 2011, only months after being reelected as Indiana State Treasurer, Mourdock launched a campaign for Indiana's Class 1 United States Senate seat, up for election in 2012, challenging incumbent sixth-term Republican senator Richard Lugar for the Republican nomination.State Treasurer Richard Mourdock officially announces Senate bid http://www.fox59.com/news/wxin-us-senate-state-treasurer-richard-mourdock-officially-announces-senate-bid-20110222,0,553913.story July 25, 2011 Fox 59 Indiana February 22, 2011 https://web.archive.org/web/20111003010055/http://www.fox59.com/news/wxin-us-senate-state-treasurer-richard-mourdock-officially-announces-senate-bid-20110222,0,553913.story October 3, 2011 dead As a Tea Party Republican himself, in the primary race, Mourdock enjoyed strong Tea Party movement-backing.Multiple sources: It's True. Before he was mayor, Pete Buttigieg ran statewide in Indiana – and got drubbed https://www.politifact.com/factchecks/2019/dec/20/amy-klobuchar/its-true-he-was-mayor-pete-buttigieg-ran-statewide/ politifact 12 November 2022 https://www.wsj.com/articles/SB10001424052748704170404575624664226055500 Dick Lugar vs. the GOP November 20, 2010 November 29, 2010 The Wall Street Journal Matthew Kaminski http://www.wishtv.com/dpp/news/politics/tea-party-sets-sights-on-dick-lugar Tea Party sets sights on Dick Lugar November 12, 2010 November 29, 2010 WISH-TV Jim Shella https://web.archive.org/web/20120312235547/http://www.wishtv.com/dpp/news/politics/tea-party-sets-sights-on-dick-lugar March 12, 2012 dead mdy-all Mourdock defeated Lugar by a broad margin in the primary,Geiger Kim Tea party upstart Mourdock defeats longtime Indiana Sen. Lugar http://www.in.gov/apps/sos/primary/sos_primary12?page=office&countyID=-1&partyID=-1&officeID=4&districtID=-1&districtshortviewID=-1&candidate= May 9, 2012 Los Angeles Times May 9, 2012Nichols Bill Indiana primary results: Dick Lugar routed in Senate showdown https://www.politico.com/story/2012/05/lugar-routed-nc-bans-gay-marriage-076064 May 9, 2012 Politico May 9, 2012 In an October general election debate against Democratic opponent Joe Donnelly, Mourdock made controversial remarks in which he stated that pregnancy from rape was "something that God intended".Raju Manu Richard Mourdock under fire for rape remarks Politico https://www.politico.com/blogs/on-congress/2012/10/richard-mourdock-under-fire-for-rape-remarks-139411?hp=l1 October 24, 2012 Many experts saw these remarks as immensely damaging Mourdock in his Senate campaign.Wong Scott Senate 5: Is it over for Mourdock? Politico https://www.politico.com/story/2012/10/senate-5-is-it-over-for-mourdock-082849 October 25, 2012 Mourdock would ultimately lose the general election to Donnelly by a margin of six percent.http://www.in.gov/apps/sos/election/general/general2012?page=office&countyID=-1&officeID=4&districtID=-1&candidate= Election Results Indiana of Secretary of State November 28, 2012 December 13, 2012 Mourdock would ultimately not serve a full second term as Indiana State Treasurer, submitting his letter of resignation to Indiana Governor Mike Pence on August 29, 2014.http://fox59.com/2014/08/29/state-treasurer-richard-mourdock-submits-resignation-to-gov-pence/ State Treasurer Richard Mourdock submits resignation to Gov. Pence Greg Margason August 29, 2014 Fox59 August 29, 2014 https://web.archive.org/web/20140903134603/http://fox59.com/2014/08/29/state-treasurer-richard-mourdock-submits-resignation-to-gov-pence/ September 3, 2014 live Mourdock's resignation came on the last day that state employees could retire before cuts to pension benefits took effect in September 2014.http://www.indystar.com/story/news/politics/2014/08/29/mourdock-resign-state-treasurer-source-says/14808273/ Richard Mourdock resigns as Indiana state treasurer Tony Cook August 29, 2014 Indianapolis Star August 29, 2014 https://web.archive.org/web/20141129014719/http://www.indystar.com/story/news/politics/2014/08/29/mourdock-resign-state-treasurer-source-says/14808273/ November 29, 2014 live Pence appointed chief financial officer and chief operating officer of the Indiana Finance Authority Daniel Huge to serve as interim treasurer. As of the 2022 Indiana elections, it still remains the case that no Democrat has held the Indiana State Treasurer's office since 1979.Two sources: https://indianaenr.blob.core.usgovcloudapi.net/archive/2018General/index.html Indiana Election Results Indiana Election Division September 18, 2019 April 16, 2019 https://web.archive.org/web/20190416153741/https://indianaenr.blob.core.usgovcloudapi.net/archive/2018General/index.html dead Thiele Rebecca Tera Klutz wins second term as state auditor https://www.wfyi.org/news/articles/tera-klutz-wins-second-term-as-state-auditor WFYI Public Media 11 November 2022 en-us 8 November 2022 During Buttigieg's 2020 run for the Democratic presidential nomination, this election gained some attention during a televised debate when Amy Klobuchar, one of Buttigieg's opponents, cited the election as evidence that Buttigieg lacked an ability to win with larger electorates, drawing a contrast between Buttigieg's broad margin of defeat in the only statewide race he had run to the fact that she had been victorious in every statewide race she had run in herself.Cortright Bradley Pete Buttigieg Touts Success Winning Re-Election as a 'Gay Dude' in 'Mike Pence's Indiana' https://ijr.com/buttigieg-touts-re-election-gay-dude-mike-pences-indiana/ IJR 25 December 2019 20 December 2019 December 25, 2019 https://web.archive.org/web/20191225231331/https://ijr.com/buttigieg-touts-re-election-gay-dude-mike-pences-indiana/ dead In March 2020, Louis Jacobson wrote an article for Sabato's Crystal Ball which cited Buttigieg's failure to breakthrough in this election as an example of the regular inability of up-and-coming candidates to see much success in elections for statewide offices in states with single-party dominance by the opposing party.Jacobson Louis One-Party Dominance Extends to Statewide Elected Offices – Sabato's Crystal Ball https://centerforpolitics.org/crystalball/articles/one-party-dominance-extends-to-statewide-elected-offices/ centerforpolitics.org Sabato's Crystal Ball (UVA Center for Politics) 8 October 2020 19 March 2020 External links Buttigieg Pete Op-Ed: What We Now Know About Indiana's Chrysler Lawsuit http://in.peteforindiana.com/p/salsa/web/news/public/?news_item_KEY=2561 Pete for Indiana September 19, 2019 June 7, 2010 September 18, 2019 https://web.archive.org/web/20190918151008/http://in.peteforindiana.com/p/salsa/web/news/public/?news_item_KEY=2561 dead References State Treasurer Category:Pete Buttigieg Category:Indiana State Treasurer elections Indiana