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Who Is that Masked Man?

December 12, 2014 By Debbie Young

Congressman Jeb Hensarling (left) tours border patrol operations.

“Riding herd on cronyists who give capitalism a bad name by giving or taking special government favors” is what Texas Rep. Jeb Hensarling does best. Mr. Hensarling has spent the last decade trying to stop cronyism in government programs that grease the palms of well-connected business elites. With K Street lobbyists about to put enormous pressure on Republicans, will the Lone Ranger of D.C. be able to get other members of Congress to join his posse?, asks the WSJ’s Kimberley Strassel here.

Texas gave America the Lone Ranger, and then—because it is a generous sort of place—in 2002 it gave the country an updated version of him: Rep. Jeb Hensarling. The Republican has spent a decade riding herd on cronyists who give capitalism a bad name by giving or taking special government favors. With the coming dawn of a Republican Congress, we’re about to see if the rest of the GOP sees the wisdom of joining Mr. Hensarling’s posse.

Washington’s Lone Ranger was at it again this week in the fight over reauthorizing the Terrorism Risk Insurance Program, a “temporary” program created in 2002 that requires taxpayers to absorb the costs of insurance payouts after an attack. Mr. Hensarling earlier this year set his sights on the program and methodically elevated the subject of its industry payoffs into a Washington hot topic, causing one unnamed industry lobbyist in October to gripe about the reauthorization delay: “If Jeb Hensarling were not in Congress, a bill would have passed with enormous support.” The Texan didn’t get all the reforms he wanted in the reauthorization bill that did pass this week, but he got some. And he made his point.

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Debbie Young
Debbie Young
Debbie, our chief political writer of Richardcyoung.com, is also our chief domestic affairs writer, a contributing writer on Eastern Europe and Paris and Burgundy, France. She has been associate editor of Dick Young’s investment strategy reports for over five decades. Debbie lives in Key West, Florida, and Newport, Rhode Island, and travels extensively in Paris and Burgundy, France, cooking on her AGA Cooker, driving through Vermont and Maine, and practicing yoga. Debbie has completed the 200-hour Krama Yoga teacher training program taught by Master Instructor Ruslan Kleytman. Debbie is a strong supporting member of the NRA.
Debbie Young
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