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Today, Lott will announce he’s resigning from the Senate by the end of the year, with five years remaining in his term:

A Lott friend said part of the reason, and a factor in the timing, is a new lobbying regulation, signed by President Bush in September, extending the existing lobbying ban for former members of Congress from one to two years. The lobbying ban takes effect at the beginning of the year.

That’s right, the guy who stuck around the Senate after it was made clear that he cavorted with racists and who said the country wouldn’t “have had all these problems” if racist Dixiecrat Strom Thurmond had been elected President in 1948, is bailing out to make money.