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THE PROGRESSIVE REVIEW - January 7, 2010
Embattled Democratic Sen. Christopher Dodd
Won't Seek Re-Election
by: Jason Leopold,
truthout|Report
Sen. Christopher Dodd, (D-Connecticut), is expected to hold
a news conference Wednesday in his home state to announce
that he won't seek reelection for a sixth term, according
to news reports.
Dodd, the chairman of the Senate Banking Committee, who was
the principal author of legislation that bailed out founder-
ing Wall Street banks to the tune of $700 billion, will
become the second Democratic senator in the past 24 hours
to announce his retirement.
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Earlier Tuesday, Sen. Byron Dorgan, (D-North Dakota),
stunned colleagues and constituents by announcing his
intention to retire in order to spend more time on
personal endeavors.
According to the Washington Post, Dodd's pending announce-
ment that he will retire is the best shot Democrats have
at holding onto the senate seat.
Connecticut Attorney General Richard Blumenthal, a
Democrat, the Post reported, is the "most popular
politician in the state" and "has long coveted a Senate
seat, and he had already signaled that he would run for
the Democratic nomination against Sen. Joseph I. Lieberman
(I) in 2012."
Former Rep. Rob Simmons and businesswoman Linda McMahon
are battling for the Republican nomination, but either
would start as an underdog in a general-election match-
up with Blumenthal.
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Dodd, 65, was first elected to Congress in 1974. He launced
a bid for the White House in 2008 but dropped out of the
race after the Iowa caucuses. Dodd was the most vulnerable
among Democratic lawmakers facing reelection this year.
As the Post noted, part of the reason he fell out of favor
with Democratic voters was due to reports last year that
Dodd had "received special treatment in his acquisition
of a mortgage loan from [subprime mortgage company] Country-
wide Financial, through a program that labeled him and
others as friends of Countrywide chief executive Angelo
Mozilo."
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"Dodd insisted he was unaware of his inclusion in the
program, and he was cleared of any wrongdoing by the Senate
Ethics Committee, but the political damage was done," the
Post reported.
Dodd also received $103,000 during the 2008 election cycle
from embattled insurance giant AIG--more than than any
other elected official. President Barack Obama came in a
close second with $101,000.
In recent months, he emerged as a leading figure in the
health care reform debate and was instrumental in drafting
the Senate's version of legislation to overhaul the health
care industry.
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