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State of the Division (Free subscription) | 11/15/2008
Representative Mike Conaway, R-TX diagnosed Wall Street investment houses needed taxpayer bailout money. He voted for the $700 billion rescue, after initially voting against it. But he draws the line at helping America's flagging auto manufacturers. Instead, he wants the free market to race to the lowest common denominator on worker pay and benefits. The problem with big auto in the professional accountant's...
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PEU Report (Free subscription) | 11/15/2008
Rep. Mike Conaway, R-TX bragged about America's red and blue political parties coming together to deal with the financial crisis. He failed to say anything about the logic behind the "most significant measure passed by the 110th Congress." Nor did Mike address Treasury Sec. Hank Paulson's trashing the plan he and Fed Chief Ben Bernanke sold to the House and Senate. Yesterday, Hank said "no" to the...
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State of the Division (Free subscription) | 10/15/2008
Rep. Mike Conaway starred in West Texas newspaper and television pieces. Today's San Angelo Standard Times reported on Conaway's hosting of President Bush at a "Republican Trust" fundraiser. It stated : Tom Green County Republican Party Chairman Russ Duerstine was among a small group of Concho Valley residents who attended a Bush fundraiser at Conaway's home Oct. 4 in Midland. Duerstine's opposition...
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State of the Division (Free subscription) | 10/14/2008
A West Texas Congressman had sobering words for health care workers. Rep. Mike Conaway told hospital groups in Odessa and Midland today that government reimbursement for health care is going down, and they are needed to help control costs . The federal government's largess in the financial sector means no money left for the long suffering nonprofit hospitals, at least those fulfilling their mission...
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PEU Report (Free subscription) | 10/13/2008
The Senate passed the Wall Street bailout bill, after the House initially nixed it. Rep. Mike Conaway ignored the will of his West Texas constituents by voting for the Senate version of the bill. Senator John Cornyn (R-TX) explained his vote in an October 1 press release. It stated : A widespread financial collapse will have a domino effect throughout our State. It might begin on Wall Street but it...
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PEU Report (Free subscription) | 10/12/2008
Disguising earmarks is a skill, apparently one held by my Congressman. Rep. Mike Conaway denoted his $1.6 million earmark for "Office of Naval Research." The Seattle Times reported on the true recipient: Other co-sponsors tagged the money for Global Delta, a young company created by two longtime lobbyists. John Albertine and his brother James, past president of the American League of Lobbyists, have...
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State of the Division (Free subscription) | 10/05/2008
The last time Rep. Mike Conaway held a public meeting at Angelo State University, he got grilled. Some of the highest heat came from fellow Republicans. Many lamented how the party had "lost its way." Mike returns to San Angelo with his tail between his legs after changing his vote on the $700 billion Wall Street bailout bill. If the plan was focused on Main Street, the Treasury would restrict their...
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PEU Report (Free subscription) | 10/05/2008
CPA Congressman Mike Conaway asked for his constituent's prayers on September 26th. He coveted requests to the Almighty for wisdom and knowledge to handle America's credit crisis. Funny, I expected a certified public accountant to have unique insight on the financial meltdown. I also counted on him explaining what broke in the credit markets. He never answered my e-mails. But Mike spent a week on 2...
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State of the Division (Free subscription) | 10/05/2008
The $700 billion bailout bill moved more than markets. It changed Rep. Mike Conaway's Bush fundraiser from Thursday night to Saturday. Conaway said beforehand that Bush’s old Midland friends — about 500 strong — were "excited" to see him at the fundraiser. The barbecue, which had to be moved from Thursday night to Saturday because of congressional votes on the $700 billion bailout, was expected to...
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State of the Division (Free subscription) | 10/03/2008
News reports indicate Representative Mike Conaway will change his vote on the $700 billion bailout bill. After voting no on Monday, Conaway reconsidered and will vote for the current package. The 11th Congressional District representative said Thursday that he was concerned about the effect on the economic system if a bailout wasn't passed. Credit for financial institutions, which might not be available...
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TexasFreds (Free subscription) | 10/02/2008
Texas House members see opposition to bailout bill weakening WASHINGTON – Midland Rep. Mike Conaway has every reason to vote against the $700 billion bailout Congress is considering. His district is booming thanks to high oil prices. Its banks made safe loans and boast strong balance sheets. But at events throughout West Texas, the Republican is [...]
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Capitol Annex (Free subscription) | 10/01/2008
Texas Congressman Mike Conaway (R-Midland) made an interesting contradiction in this morning’s Midland Reporter-Telegram on what would cause him to vote for a bailout. From the newspaper : Less taxpayer exposure, raising Federal Deposit Insurance Corp. limits, giving the private sector incentives to buy mortgages and increasing confidence in the markets are things that would help U.S. Rep. Mike Conaway...
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State of the Division (Free subscription) | 09/28/2008
West Texas Congressman Mike Conaway will host President Bush in a Republican fundraiser on October 2nd. The event will occur at Conaway's Midland home. A photo and private meeting with President Bush will cost donors $57,000. The campaign did not say how many dump loads of ZooDoo (elephant feces) equate to $57,000, but that option is available to supporters. Proceeds will benefit Republican Trust 2008,...
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PEU Report (Free subscription) | 09/27/2008
West Texas Congressman Mike Conaway has a unique skill set, given America's current economic crisis. Conaway is a certified public accountant, meaning he understands corporate finance better than most people in the Capital. As a constituent with concerns and questions, I've been most interested in hearing from Rep. Conaway. So far, my e-mails have gone unanswered. Research found a few general quotes...
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State of the Division (Free subscription) | 08/14/2008
As Republicans talk in the darkness of the House floor, Representative Mike Conaway remains the number one oil company shill. I guess it proves the old adage, "once an oil company accountant, always an oil company booster." When he says to the citizens of his district, "I feel your pain", he means "it boosts my pocketbook," or at least his campaign coffers. It seems Mike made the protest on Monday,...
