The upcoming backlash for all of the Dems jack-booted socialist tactics, has resulted in another casualty; Christopher (“friend of Angelo”) Dodd.
This is known as the “Tea Party effect”.
Connecticut Sen. Christopher Dodd, a five-term Democrat whose political stock began falling after the financial meltdown and his failed 2008 presidential bid, has decided not to seek re-election in November, Democratic officials told The Associated Press early Wednesday.
Dodd was expected to make an announcement Wednesday. The officials who disclosed his plans would speak only on condition of anonymity ahead of the announcement. The Washington Post first reported Dodd’s decision.……Given Dodd’s bad poll standing, other Democrats have gone out of their way to give him the spotlight in hopes he could recover before November.
Dodd, who has taken heat for a discounted VIP mortgage loan he got from a subprime lender, has been consistently behind potential GOP challenger Rob Simmons in Connecticut polls. Simmons, a former House member, has his own challenger in World Wrestling Entertainment co-founder Linda McMahon, who is also seeking the Republican nomination for Dodd’s seat.
Among the early favorites to replace Dodd is longtime Connecticut state Attorney General Richard Blumenthal, who is seen as one of the state’s most popular politicians.
……As chairman of the Senate banking panel, Dodd has come under fire for his reliance on Wall Street contributions. He drew criticism for his role in writing a bill that protected bonuses for executives at bailed-out insurer American International Group Inc., and for allegations he got favorable treatment on two mortgages with Countrywide Financial Corp.
The Senate ethics panel cleared Dodd of breaking rules by getting the Countrywide mortgages, but scolded him for not doing more to avoid the appearance of sweetheart deals. The Countrywide controversy, however, dogged Dodd for several months.
http://www.breitbart.com/article.php?id=D9D22NJG0&show_article=1
Any “ethics” panel that would give a pass to an unethical assclown like Dodd, is itself void of ethics.
Christopher Dodd was part of the Dem cabal who refused, and dismissed Bush administration requests, to regulate Fannie Mae and Freddie Mac. He and the pompous asshole Barney Frank, were still forcing sub-prime mortgage loans right up until they failed.
After slipping an amendment into the bailout bill which allowed AIG to pay out bonuses with taxpayer funds, he lied about it.
Bottom line: Dodd knows his political goose is cooked. The arrogant, corrupt, mealy-mouthed mutherfucker has used up all his brownie points, and even Connecticut liberals are tired of his ass.
Buh bye, Dodd.
Related post:
http://sfcmac.wordpress.com/2010/01/04/the-tea-party-effect-dems-dropping-out-of-2010-campaigns-updated/