Friday, January 30, 2009

Conaway Should Drop His CPA

Representative Mike Conaway (R-TX) is a certified public accountant. He's in a unique position to help his constituents understand delicate financial matters. Yet, he consistently fails to deliver. When Wall Street imploded last September, Mike stayed silent. He voted against the big money boy bailout, before he voted for it.

Conaway's latest accounting malpractice was reported in the Dallas Morning News. He commented on the economic stimulus package.

"On the base of 150 million jobs, we are going to spend $275,000 per job to create or keep 1 million jobs?" said Rep. Mike Conaway, R-Midland. "That is a bad investment."

He didn't break the spending down by capital vs. operating costs. Within operating expenses, wages and benefits comprise only a portion of any project. Mike should be embarrassed by his ridiculous statement. This is the same CPA who took a year to find out the National Republican Congressional Committee had inflatable dolls as auditors. West Texas has a political hack for its representative, continued abysmal leadership.