| "Only dull people are brilliant at breakfast" -Oscar Wilde |
![]() |
"The liberal soul shall be made fat, and he that watereth, shall be watered also himself." -- Proverbs 11:25 |
Mr. Dodd has been a fixture in the Senate since his election in 1980 and had been at the center of the contentious recent debates on overhauling the health care system and financial regulation. In November he proposed an overhaul that included consolidating bank regulators, creating a consumer financial protection agency and imposing new restraints on exotic financial instruments and credit rating agencies.
But his standing in Connecticut had been on the decline starting when he made an unsuccessful run for the presidency in 2008 — moving his family to Iowa — and when questions arose about a disputed loan he took from Countrywide Financial, the fallen subprime company.
On the Republican side, Mr. Dodd faced the prospect of running against Linda McMahon, a political novice who was prepared to use her vast personal fortune to beat the incumbent senator. Also challenging the senator was former Representative Rob Simmons, a Republican.
Mr. Dodd’s troubles escalated in 2008 when he was one of two Democratic senators — the other was Kent Conrad of North Dakota — who had been accused of receiving improper discounts from Countrywide Financial. In August, the Senate Select Committee on Ethics ruled that it had found “no credible evidence” that the senators had violated gift rules in accepting the loans.
But the committee criticized Mr. Dodd and Mr. Conrad for not avoiding the appearance of impropriety.
Both Mr. Dodd and Mr. Conrad had been members of the “Friends of Angelo” V.I.P. program at the bank, named after Angelo R. Mozilo, the chief executive of Countrywide.
Polling in Connecticut suggested that Mr. Dodd had been hurt both by his association with Countrywide and by criticism for his role in legislation that appeared to clear the way for bonuses to be paid to executives of American International Group, the insurance firm that received a government bailout.
Labels: Chris Dodd, corruption, double standards
The country could do itself a favor by paying more attention to the efforts of Senator Dodd, a Connecticut Democrat who is chairman of the Banking Committee, and Senator Hagel, a Nebraska Republican. They have co-sponsored legislation that would create a national infrastructure bank to promote and help finance large-scale projects across the nation.
Part of their mission is to generate a sense of urgency. In an interview yesterday, Senator Dodd told me: “At a time when we’re worried about rising unemployment rates and declining confidence in this country, infrastructure projects have the dual effect of putting people to work — and usually at pretty good salaries and wages — while also creating a sense of optimism, of investing in the future.”
The country has been hit hard by lost jobs in manufacturing and construction. As government and political leaders are scrambling for ways to stimulate the economy in the current downturn, infrastructure improvements would seem to be a natural component of any effective recovery plan.
“In terms of stimulating the economy, there is nothing better than a job,” said Senator Dodd.
The need for investment on a large scale — and for the long term — is undeniable. According to the American Society of Civil Engineers, in a study that should have gotten much more attention when it was released in 2005, it would take more than a trillion and a half dollars over a five-year period to bring the U.S. infrastructure into reasonably decent shape.
Will we wait until another New Orleans-style disaster occurs, or another heavily traveled bridge plunges into a river?
As things stand now, the American infrastructure is incapable of meeting the competitive demands of the globalized 21st-century economy. Senator Hagel noted that ports are overwhelmed by the ever-expanding volume of international trade. Rail lines are overloaded. Highways are clogged.
“The basic infrastructure of a country will determine that country’s future,” he said, “and we are far behind.”
We appear to have forgotten the lessons of history. Time and again an economic boom has followed periods of sustained infrastructure improvement. It’s impossible to calculate all of the benefits from (to mention just a few) the Erie Canal, which connected the Great Lakes to the Atlantic Ocean and helped make New York America’s premier city; the rural electrification program and other capital improvements of the New Deal; the interstate highway program of the Eisenhower administration.
The tremendous costs and vast reach of today’s infrastructure requirements means that the federal government has to take a leadership role. It’s inevitable. The only question is when.
The financier Felix Rohatyn, who served as ambassador to France during the Clinton administration, and former Senator Warren Rudman, a Republican, have been sounding the alarm for a number of years now, urging the government to get over its unwillingness to invest adequately in public transportation systems, water projects, schools, dams, the electric grid, and so on.
I remember Mr. Rohatyn telling me, “A modern economy needs a modern platform, and that’s the infrastructure.”
The current concern over the economy should be taken by the government as a signal to finally move ahead on this critically important issue.
Labels: Chris Dodd, Chuck Hagel, real bipartisanship
Labels: Chris Dodd, Democrats with balls, FISA
Amid deep and growing divisions among Senate Democrats, Senate Majority Leader Harry M. Reid (D-Nev.) last night abruptly withdrew legislation that would have changed surveillance law and granted the nation's telecommunications companies retroactive immunity from lawsuits charging they had violated privacy rights.
Democratic leaders had hoped to complete an overhaul of the 1978 Foreign Intelligence Surveillance Act before recessing for the year, since the current law governing the Bush administration's warrantless surveillance program is set to expire in early February. But in the face of more than a dozen amendments to the bill and guerrilla tactics from its opponents, Reid surprised his colleagues when he announced there would not be enough time to finish the job.
"Everyone feels it would be in the best interest of the Senate if we take a look at this when we come back," Reid said, acknowledging the time crunch he faces in the "last hours" of this congressional session and the hefty number of agenda items remaining.
The disputed measure would have placed the warrantless surveillance program under secret court supervision, but the most heated controversy surrounded the White House's efforts to legally shield phone companies that had been helping the National Security Agency listen in on telephone and Internet conversations.
Sen. Christopher J. Dodd (D-Conn.) -- a presidential candidate who returned from Iowa Sunday night to fight the measure -- quickly claimed victory after the bill's withdrawal, and he again vowed to "utilize all the tools available" to block passage once Reid calls it up in January.
"He blinked," Caroline Fredrickson, director of the Washington office of the American Civil Liberties Union, said of Reid. "It's clear that this was not going to be easy. On the one hand he wanted to rush this process and think he could strong-arm everybody to giving up their rights as senators. They threw sand in the gears."
Labels: Chris Dodd, FISA, telecommunications
Tim Starks of Congressional Quarterly reports that Senate Majority Leader Harry Reid (D-NV) plans to bring the Senate's surveillance bill up for floor debate in mid-November. That's despite the hold that Sen. Chris Dodd (D-CT) plans to place on the measure -- something first reported by Election Central's Greg Sargent.
The Senate intelligence committee is still marking up the bill behind closed doors, according to staffers. A joint statement from committee leaders Jay Rockefeller (D-WV) and Kit Bond (R-MO) will follow when the mark-up concludes, but that may not occur today.
They join up because they feel overwhelmed by the complexity and nuance in the world. There's just too much to keep up with, too much responsibility, too much chaos. Often, they've been caught in the gears of the machinery of modernity, and have had large parts of their lives chewed up by the works. It all feels out of control. (Chris Hedges, in his new book American Fascism, describes how Christianist proselytizers are taught to seek out people going through hard times-- they're the hottest conversion prospects.)
Unfortunately, seeking this regression means giving up on quite a few of the most important attributes of adulthood. First, there's the intellectual sacrifice. There's a huge cognitive leap that occurs around the age of seven (it usually comes in right alongside reading fluency) that enables a far greater level of abstraction -- typically, at the expense of magical thinking, which drops off dramatically once kids learn to read. At this age, kids give up fantasy play and Santa Claus in favor of a more empirical approach to life, and more serious pursuits leading to the mastery of adult-world skills. Developmental psychologists call this leap "the age of reason."
Right-wing authoritarian (RWA) followers have little use for reason; but are very invested in their fantasy lives. They take myth and metaphor absolutely literally, because interpreting them requires a level of abstraction they aren't comfortable with. In other words: they are voluntarily choosing to operate at the intellectual processing level of a first-grader.
They also have to give up on adult-level emotional functioning (which, as I mentioned, may be welcomed as something of a relief after adult life has blown up under you a few times). Authoritarian followers crave someone who will keep things ordered and safe, someone who will provide and protect and set firm rules and boundaries; someone all-powerful and all-knowing who can teach you right from wrong and keep the harsh parts of the world at bay. Someone, in short, who looks like Daddy looked when you were about five years old.
Labels: Chris Dodd, Democrats with balls, leadership
