Chris Dodd Doesn't Get the Irony

Sen. Chris Dodd's pot calls GM's kettle black:

CHICAGO -- A senator who will help determine whether the auto industry gets a $15 billion bailout said Sunday that the head of General Motors should step down, telegraphing what could be a congressional demand for a top-line shake-up in Detroit in exchange for financial life support.

Rick Wagoner, the chief executive of GM, "has to move on," said Christopher Dodd, D-Conn., chairman of the Senate Banking, Housing and Urban Affairs Committee. He spoke on CBS' "Face the Nation."

"I think you have got to consider new leadership," Dodd said. Asked if that should be a condition of any bailout, he added, "I think it is going to have to be part of it."

"I think it's clear GM is in the worst shape," Dodd said before specifying the need for Wagoner to step down.

Let us not forget that it was Chris Dodd, along with other Democrats like Rep. Barney Frank, who interfered with efforts to reform Freddie Mac and Fannie Mae and gave us the mortgage crisis that has now rippled through the economy and helped bring about the downfall of the housing market and the auto industry. It seems to me that by Dodd's own standards he should have resigned months ago.