Based Underground is now a conservative news aggregator AND curated newsletter.
Editor’s Commentary: As more Americans come to the realization that the vast majority of our “representatives” on Capitol Hill are there to make themselves rich while rubbing shoulders with the powerful, there’s a not-so-secretive reality behind it all. They may make a ton of money from their perch in Congress, but that’s nothing compared to what many of them can make after leaving.
RINO Congressman Patrick McHenry is about to cash in. As chair of the powerful House Financial Services Committee, he has the connections necessary to land an 8-figure job after he leaves office. He’s making it official soon, according to Axios.
Any chance that he might stay in Congress melted away when his buddy, Kevin McCarthy, was ousted from his position as Speaker of the House. With no more leverage over the Chair, McHenry’s future was sealed.
Here’s the writeup from Discern Reporter generated by corporate media reports:
House Financial Services Chairman Patrick McHenry (R-N.C.) is expected to announce that he will not seek re-election, according to three GOP lawmakers who confirmed the news to Axios.
McHenry, a North Carolina Republican first elected to his seat in 2004, has played a significant role in policy decisions and conference leadership. He notably served three weeks as interim Speaker during the search for a replacement for former Speaker Kevin McCarthy (R-Calif) in October.
As a key negotiator, McHenry has been involved in shaping important pieces of legislation, including the debt ceiling deal earlier this year. He also served as the chief deputy whip for House Majority Leader Steve Scalise, overseeing many whip duties while the Louisiana Republican recovered from injuries sustained in the 2017 congressional baseball shooting.
It’s worth noting that McHenry was set to term out of his chairmanship at the end of the current term. Several lawmakers speculated that his departure was likely, anticipating that he would receive multiple lucrative job offers due to his position on the committee.
The announcement of McHenry’s exit is expected to trigger a race for the coveted chairmanship and is a source of concern for some within the Republican party, as retirements could impact their ability to retain the majority.
Sound off about this news on The Liberty Daily Substack.
Image by Brookings Institute via Flickr, CC BY-NC-ND 2.0 DEED.
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