Senator Chris Dodd is calling for the firing of the CEO of General Motors in exchange for the horrific bailout plan that is being rammed down the throats of the American people. Dodd reasons that you can't trust the people who caused major problem to be the ones to fix it.
But is this not exactly what Senator Dodd is asking us to do? Dodd has supported and voted for many of the regulations and policies that have led to much of the economic problems facing the US today, including the Auto Makers.
As chairman of the Senate Banking committee, Dodd did nothing to warn us of the impending crisis. No, he took his sweetheart mortgage from Countrywide, and said nothing while the house of cards that was the mortgage system in the Country fell apart. Not only that, but he also supported the Community Reinvestment Act which required banks to make these high risk loans to begin with. He has also been a supporter of regulations on the Auto Makers that have caused them to be unprofitable, and put them in the situation that they are in today.
There is a lot of stuff going on here, and it would take a lot of time to go through, but the fact is that if you look closely at all of the economic problems that we have in front of us today, you will find Senator Dodd's fingerprints all over all of them. So why doesn't he take his own advice and step down? If he really believes in doing the right thing, and that we can't trust the people who screwed something up to fix it, then he must step down. He has left himself no other option.
I'm not holding my breath.
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