WASHINGTON (CNN) -- Sen. Trent Lott, R-Mississippi, intends to resign by the end of the year and join the private sector, sources tell CNN.

Trent Lott, R-Mississippi, is serving his fourth term in the U.S. Senate.

Lott, the No. 2 Republican in the Senate, is expected to make the announcement Monday in Pascagoula, Mississippi.

A senior Republican source close to Lott said one reason for the decision is the new lobbying restrictions on former lawmakers.

A law kicks in on January 1 that forbids lawmakers from lobbying for two years after leaving office. Those who leave by the end of 2007 are covered by the previous law, which demands a wait of only one year.

Lott, the Republican whip, was elected last year to a fourth term in the Senate. His term lasts until 2012.

How surprising. Knowing his party is in big trouble, and his chances for re-election are not assured, Lott runs for the money bags before the new rules take effect.

If ever one needed proof that some lawmakers use politics as nothing more than a very lucrative trough, here you are.

Of course, I'm not sad to see him go. His longing for the days of segregation did nothing but give the South yet another embarassing stain. His good ol' boy attitude and old guard Southern approach to politics is shameful. Of course, depressing as it is to think about, his type are like the Hydra around here. All we can do is keep chopping.


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