Democrats may want to start thinking about a bailout for, whose political stock has slipped amid the .
As a five-term Democrat who blew out his last two opponents by 2-1 margins in a blue state that President Barack Obama won handily, Dodd, D-Conn., should be cruising to re-election in 2010. Instead, he’s feeling heat from a Republican challenger eager to make him a poster boy for the tumult in the housing and financial markets.
By ANDREW MIGA, Associated Press Writer
A recent poll showed former national Democratic Party chairman.running about even with Dodd, a former
Senate Banking Committee Chairman Sen. Christopher Dodd, D-Conn. listens to witness testimony on Capitol Hill in Washington, Thursday, March 19, 2009, during the committee’s hearing on bank regulation and supervision.(AP photo/Harry Hamburg)
As head of the banking panel, Dodd, 64, has become a convenient target for voter anger over the economic crisis.
“The fact that we have been beaten up, beaten around the head for the last eight or nine months on a regular basis has contributed to it as well,” Dodd said.
Some of the worst blows came amid the furor over $165 million in bonuses American International Group Inc. paid some of its employees while receiving billions of dollars in federal bailout money. After first denying it, Dodd admitted he agreed to a request by Treasury Department officials to dilute an executive bonus restriction in the big that Congress passed last month. The change to Dodd’s amendment allowed AIG to hand out the bonuses and sparked a blame game between Dodd and .
Dodd was guarded Thursday when asked about Geithner.
“This is obviously a matter that obviously should have been dealt with differently, but we are where we are,” he said.