North America 7 August 2012 George Bush becomes deputy finance chairman of Texas republican party No, not that one. His nephew. Sign UpGet the New Statesman's Morning Call email. Sign-up Can you say "dynasty"? George P. Bush, the eldest son of former Florida governor Jeb Bush and nephew of former US President George W. Bush, has been named deputy finance chairman of the Texas republican party. Bush is currently a partner at a property-based private equity firm, Pennybacker Capital, and previously practiced corporate and securities law with a firm based in Dallas. His mother, Columba Bush, is a naturalised Mexican citizen, and he is a co-founder and director of Hispanic Republicans of Texas, a non-profit political action committee (PAC) which aims to get Latin American Republicans elected to office. He is also co-founder of a second PAC, Maverick, which aims to get "engage next-generation GOP leaders business, politics and law". Quite why the young Republican with a background in business, politics and law holds this issue so close to his heart is unclear. In a statement released yesterday, Texas Republican party chairman Steve Munisteri called Bush "a relatively young, dynamic, intelligent, and articulate leader." That he may be, but the real question everyone wants answered is: will he become the third President George Bush? In 2003, when asked if he planned to enter politics, George Bush told People magazine that: My grandmother (Barbara Bush), who I always seek advice from, told me that before you enter politics -- or even think about entering politics -- you should distinguish yourself outside of politics by doing something in the business world or any other world. Make a name for yourself, have a family, marry someone great, have some kids, buy a house, pay taxes, and do the things everyone also does instead of just running out and saying, 'Hey, I'm the nephew of or the son of or the grandson of...' Clearly, that time has come. › Why Labour isn't thanking Clegg for killing the boundary changes George P. Bush. Photograph: Getty Images Alex Hern is a technology reporter for the Guardian. He was formerly staff writer at the New Statesman. You should follow Alex on Twitter. Subscribe To stay on top of global affairs and enjoy even more international coverage subscribe for just £1 per month!