Wednesday, March 04, 2009

Larry Kudlow Will Smash Dodd in a Senate Race

At last we see a true challenger come to the fore against the hapless and inept Chris Dodd.

In 2010, the Republicans will have to run on fiscal responsibility and economic management, especially if the market continues to slide and the economy keeps stalling as badly as it is now. Dodd helped run the housing market into the ground, but thus far has managed to avoid much of the responsibility by shifting it to what he calls deregulation. Kudlow seems uniquely positioned to expose Dodd’s arguments as fraudulent and to explain in clear terms what Dodd did to wreck the nation’s economy. And that’s before Kudlow rips Dodd over the Friends of Angelo loans he received from Countrywide while he was supposed to be overseeing the industry.

I think all Kudlow will have to do is show how incompetent and unqualified this man is to run the Banking Committee and he will win by a landslide. Any Banking Chairman that talks about nationalizing banks and causes financial stocks to swoon is a guy that should be looking for another job. The banks are terminally ill and Dodd is dangerously unqualified to do anything except for shaking his finger at bank CEOs.

I think the sweetheart loans from a bankrupt lender that people despise like Countrywide (people hate them so much that Bank of America is going to ditch their name and logo) will only be icing on the cake. I mean Dodd still hasn't come clean about these loans and the longer he waits the guiltier he will get. Also there is the matter of his Irish Countryhome and the various sleazy dealings surrounding it as well.

No comments: