First Democrat Sen. Byron Dorgan announced his retirement
yesterday, now Sen. Chris Dodd
will announce today that he too will be stepping aside and not seek reelection this year, according to sources close to the Senator. Good riddance--take a look at the kind of carnage Dodd will be leaving in his wake. Washington Post reports
In the last 18 months Dodd has been the primary author or co-author of legislation re-writing housing mortgage rules; the $700 billion bailout of Wall Street; key portions of the $787 billion stimulus package; a consumer protection bill overseeing the credit card industry; and the nearly $900 billion health-care legislation that has passed the Senate is in final negotiations with the House now.
Dodd was also recently investigated by the Senate Ethics Committee for preferential treatment in VIP mortgage loans from Countrywide.