Dodd, Dorgan to Retire; Won’t Seek Re-election

The 2010 mid-term elections are still months, but things aren’t looking good Democrats. Two long serving high profile Senators, Chris Dodd of Connecticut and Byron Dorgan of North Dakota have announced that they won’t seek re-election:

Sen. Christopher Dodd of Connecticut, chairman of the Senate Banking Committee and a Democratic Party stalwart in the Senate, is set to announce today that he will not seek re-election this year, according to a party strategist familiar with his plans.

Sen. Dodd’s decision was the latest in a string of big-name Democratic retirements revealed Tuesday as the party struggles to contend with a challenging political climate.

Sen. Byron Dorgan of North Dakota said he, too, would retire after this year, unexpectedly saddling his fellow Democrats with a wide-open race that could be tough to win in a Republican-leaning state.

In addition to Dodd and Dorgan at least 5 other Senate Democrats are vulnerable, among them Senate Majority Leader Harry Reid and Blanche Lincoln of Arkansas.

I wouldn’t breakout the Champagne yet, at least not in Connecticut… We may finally be free of Chris Dodd, but things just got a lot tougher for us, Chris Dodd was weakened and vulnerable and ultimately beatable. Now instead of facing a weakened Sen. Dodd we’re facing Attorney General Richard Blumenthal who has announced plans to run for Dodd’s seat. Say what you want to him, but there’s escaping the fact that he’s well known and well liked in this state… My guess is the Democrats will hang on to the seat.

Of course it won’t hurt to remind voters of Blumenthal’s remarks about Sen Dodd’s sweetheart mortgage deal:

Huh??? What??? Dodd was a victim??? It’s a rarity but I’m speechless!

Related

• Colorado’s Gov. Ritter Ends Bid for Re-Election – Wall Street Journal
• Massachusetts governor race another sign of Democratic weakness – Ed Lasky, American Thinker
• Culture of Corruption casualty: Chris Dodd bows out; CT AG Blumenthal to run – Michelle Malkin
• Dodd retiring – Ed Morrissry, Hot Air
• Will Blumenthal Be Sufficient Change for Connecticut? – Jim Geraghty

NYT: Dear A.I.G., I Quit!

I hope Barack Obama, Timothy Geithner, Nancy Pelosi, Barney Frank, Chris Dood, Andrew Cuomo, Richard Blumenthal and all the pundits who have lead the AIG lynch mob are happy now:

The following is a letter sent on Tuesday by Jake DeSantis, an executive vice president of the American International Group’s financial products unit, to Edward M. Liddy, the chief executive of A.I.G.

DEAR Mr. Liddy,

It is with deep regret that I submit my notice of resignation from A.I.G. Financial Products. I hope you take the time to read this entire letter. Before describing the details of my decision, I want to offer some context:

I am proud of everything I have done for the commodity and equity divisions of A.I.G.-F.P. I was in no way involved in — or responsible for — the credit default swap transactions that have hamstrung A.I.G. Nor were more than a handful of the 400 current employees of A.I.G.-F.P. Most of those responsible have left the company and have conspicuously escaped the public outrage.

After 12 months of hard work dismantling the company — during which A.I.G. reassured us many times we would be rewarded in March 2009 — we in the financial products unit have been betrayed by A.I.G. and are being unfairly persecuted by elected officials. In response to this, I will now leave the company and donate my entire post-tax retention payment to those suffering from the global economic downturn. My intent is to keep none of the money myself.

I take this action after 11 years of dedicated, honorable service to A.I.G. I can no longer effectively perform my duties in this dysfunctional environment, nor am I being paid to do so. Like you, I was asked to work for an annual salary of $1, and I agreed out of a sense of duty to the company and to the public officials who have come to its aid. Having now been let down by both, I can no longer justify spending 10, 12, 14 hours a day away from my family for the benefit of those who have let me down.

In a sane world Jake DeSantis’s letter would shame those who have lead the charge to unfairly tar and feather the many good people at AIG… The sad reality is none them will even understand its significance.

Related

• Drive to Tax AIG Bonuses Slows – Wall Street Journal
• Resigned – Mark Steyn
• When they came for AIG – Powerline
• I Hope They Are Happy – Jennifer Rubin
• AIG Executive Resigns, Says Why – Red State
• Going Galt at AIG – Hot Air