Senator Dodd to retire

Good news:

Leading Democratic Senator Christopher J. Dodd, chairman of the Banking Committee, will announce Wednesday that he is retiring, NBC News has learned.

Dodd is a centrist and his popularity fell as the economy was gripped by a long recession brought on by the financial crisis.

Over the years, the Connecticut senator has raised millions of dollars from employees of Wall Street firms.

Senator Chris Dodd is a buffoon. He's the chairman of the Senate Banking Committee, yet has little understanding of the economy. He has been a leading advocate of homeowner bailouts. It's good to see him go.

His retirement probably reflects the fact that he has little chance of getting re-elected anyhow.