Another One Bites the Dust! Jeb Hensarling announces Retirement from Congress

Earlier this month IR wrote about the retirement of Pennsylvania Congressman Tim Murphy. In what looks like a possible stampede forming on the plains. The Hill reports that another Congressman Jeb Hensarling of Texas is also choosing to not seek reelection.

The Hill reports:

House Financial Services Committee Chairman Jeb HensarlingThomas (Jeb) Heb HensarlingGOP chairman tells agencies to exclude info from FOIA requests Plans to swap bank regs for capital hikes could prove costlyFour starting points for reforming Dodd-FrankMORE (R-Texas) announced Tuesday (October 30th, 2017) that he will retire at the end of his term.

"Today I am announcing that I will not seek reelection to the U.S. Congress in 2018. Although service in Congress remains the greatest privilege of my life, I never intended to make it a lifetime commitment, and I have already stayed far longer than I had originally planned," Hensarling said.

Hensarling has been set to lose his position as chairman of the Financial Services Committee at the end of this Congress; GOP rules limit a chairman to three consecutive terms. Hensarling said the term limits made it the right time to leave Congress to spend more time with his family.

From what we all have been hearing. Hensarling is a fairly decent member of the house. We cannot help but wonder if he is choosing to leave due to frustration with his life in congress. His seat is most probably a safe GOP seat. But if the number of incumbent republicans who decide to retire keeps growing. Then the GOP needs to get it's act together or they should get used to saying "House Speaker Pelosi" come January 2019.