Commentators continue to debate whether Senate Banking Committee Chairman Christopher Dodd’s decision to retire makes it more or less likely that legislation overhauling financial regulation will be enacted.
The Hartford Courant sees it as a plus – or at least its editors do. The paper ran an editorial over the weekend saying, “relieved of the need to raise money and to campaign during the next 10 months, Mr. Dodd — one of the Senate's most effective insiders — can
Dodd himself is encouraging this view. In a letter published in the Hartford Courant the same day, the senator said, “I decided that I wanted to spend my last year in the Senate
But the editorial and Dodd’s letter were at odds with the Hartford Courant’s own reporting last week that the fate of the bill is “
Some commentators focused on the likelihood that Dodd would be forced to compromise on some of the most controversial aspects of the legislation.
The Boston Globe said Dodd’s lame-duck status “could
And Crain’s New York said the senator’s retirement “is a
Others were merely hopeful that Dodd’s planned exit will make him a more effective legislator. An editorial in the Washington Post said the senator’s decision injects “a new element of uncertainty into the congressional negotiations over financial regulatory reform ... Perhaps Mr. Dodd's retreat from politics may make a compromise more feasible, but that is
A New York Times editorial said “Dodd may be a lame duck. But he is still chairman of the committee. That gives him a
Other commentators said the Senator’s impending departure makes him less effective.
A Wall Street Journal editorial said, “Republicans now have a much
Roll Call said, “Congressional Republicans and financial services lobbyists alike hope Dodd’s retirement “will not