Fascinating news emerging from the State of Connecticut. Democratic Party Senator Christopher Dodd, Connecticut's 5-term senior Senator, and Chairman of the House Banking Committee, announced Wednesday he will retire from the U.S. Senate, ending a four-decade career in Congress. According to yesterday's Deseret News story, "Connecticut's popular Democratic attorney general, Richard Blumenthal, is set to officially announce later Wednesday he will run for Dodd's seat."
Dodd's popularity polling has recently plummeted, in large part due to his prominent central role in engineering the 2009 TARP Bailout, and other subsequent federal schemes, whereby hundreds of billions of taxpayer dollars have been transferred in recent months by the federal government to Dodd's "too big to fail" Wall Street banking cronies.
The scuttlebutt is that Dodd's retirement, and attorney general Richard Blumenthal's new candidacy, results from the strong challenge of Republican frontrunner Peter Schiff, whose uncannily accurate economic commentaries have been regularly featured here on Weber County Forum. With his excellent track record of U.S. economic prognostication, Schiff has indeed been a big favorite of ours.
We believe this Connecticut race will be interesting to watch, as one of America's foremost pro-free market commentators jockeys for a seat in the U.S. Senate.
As an added bonus, here's the latest from Peter Schiff:
• 1/6/10 Peter Schiff on Fox Business: Ending Dodd's LegacyHave at it, O Gentle Ones.
