Posts tagged with 'Byron Dorgan'
By Lindsay Beyerstein, Media Consortium Blogger
Two Democratic senators unexpectedly announced their retirements on Tuesday. Sens. Byron Dorgan (D-ND) and Chris Dodd (D-CT) announced that they would not seek reelection when their terms expire in 2010. Hopefully, health care reform will already have passed by then, but the departure of these senators will have implications for health care policy.
As far as the Democratic majority in the Senate is concerned, the two probably cancel each other out. As a relatively conservative 30-year incumbent, Dorgan was thought to be the only Democrat who could win a seat in conservative North Dakota. Dodd, on the other hand, is deeply unpopular for his role in the financial crisis, but hails from a deep blue state, so it should be easy to replace him with another Democrat. In fact, as Eric Kleefeld reports for Talking Points Memo, Dodd’s announcement improves the Democrats’ chances of holding that seat. (more…)
by Zach Carter, Media Consortium Blogger
Last week, President Barack Obama released key legislation designed to fight the banking industry’s too-big-to-fail problem. But Obama’s plan doesn’t actually address too-big-to-fail at all. It reinforces a broken system in which economically dangerous companies are bailed out whenever they drive themselves to the brink of failure.
If we want the economy to support all people, we have to break up the big banks and start treating the creation of good jobs as an economic priority on par with Wall Street rescues. (more…)