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Quico Canseco Was Elected By, For the Financial Industry


by: Matt Glazer

Mon Dec 20, 2010 at 06:57 AM CST


The Sunlight Foundation has released information on the new New Financial Services Committee members and were the campaign cash came from.

It's terrifying to see how much money each member received from financial groups.

Eight of the twelve new members chosen to take seats on the House Financial Services Committee can count the finance, insurance and real estate sector as the top contributor to their election.

This has to make you ask the basic question, will the members of this important committee represent the people or the corporations who donated millions to get them elected.

As the non-partisan Sunlight foundation states, Quico Canseco won by a small margin in a Texas border district that narrowly went for Barack Obama in 2008. He received nearly 10% of his funds from the finance, insurance and real estate industry.

Canseco beat Democrat Ciro Rodriguez in the 23rd Congressional District last November with less than 50% of the vote. Depending on how lines are drawn, This district is at the top of our list to flip the seat back in 2012. Canseco has a fine line to walk. The freshman Republican will either have to kiss the ring of the donors who got him elected or represent the people of his district.

As we saw in 2005-2006, the bills that go through this important committee, hardly help both.

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+4 seats to Texas (0.00 / 0)
Today's census data means that there will be four more seats in Congress for Texas. Two big challenges for the R mapmakers will be trying to protect Canseco (who is their 2nd most vulnerable member, and I expect them to write off Blake Farenthold), and figuring out what to do with TX-10, which has grown enormously in 10 years. According to 538.com, it's the 6th most populous district in the country, with 230,000 more people than a district is supposed to.  

TX-10 is a problem (0.00 / 0)
TX-10 is a problem for them, since McCaul lives in the liberal end of it.  I predicted in this map that they would draw McCaul in with Johnson County, but that was just guess.  Drawing Canseco his own district isn't really that hard if they give Ciro his back.  They could also similarly keep Farenthold by giving Ortiz's district back.  However, I am not sure they care much for him.

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