…then we’d better just close up shop:
So Chris Dodd admitted he misled CNN, telling them on Tuesday he had nothing to do with the loophole that mysteriously found its way into legislation and paved the way for AIG’s bonuses to be paid. The following day, Dodd confessed to CNN’s Dana Bash that he in fact wrote the loophole, though he said he did it at the behest of the administration and with the knowledge that he would lose the amendment altogether if he did not comply…
…Stepping back for a second, Chris Dodd is already in a bit of trouble in his reelection bid, based on recent polling. Obviously, this further complicates matters. Dodd is now directly associated with two of the most distasteful aspects of the current financial meltdown: getting a sweetheart mortgage from the CEO of a company that was a major player in the subprime mess, and now authoring the loophole that allowed AIG to pay $165 million in bonuses after already taking scores of billions of bailout dollars , all at taxpayer expense.
“Vulnerable” doesn’t even begin to describe Dodd at this point – all we need is a credible challenger and a reasonable message, and we should bury Dodd under a landslide, and make this a pivot point for some large gains in 2010. Democrats are getting heavily tarred with the brush of political corruption, and if we add what will likely be a poor economy (at best) in 2010, a good GOP campaign should allow us to get within striking distance of a House majority and chip down the Democrats Senate majority to the 55 or 54 range.
The defeats in 2006 and 2008 seem to be turning into a blessing in disguise – by forcing out the corrupt elements of the GOP and greatly weakening the RINOs, we are becoming a stronger party more able to effectively present a credible alternative to Democrat corruption and incompetence. We’ll still have to fight very hard as the Democrats and their MSM allies will pull out all the stops, but if we do fight hard, I believe that 2010 will signal the revival of a conservative, GOP favored by the people to govern the country for quite a long time.
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