While the exact reason Lott is stepping down before he finishes his term is unknown, the general speculation is that a quick departure immunizes Lott against tougher restrictions in a new lobbying law that takes effect at the end of the year. That law would require Senators to wait two-years before entering the lucrative world of lobbying Congress
Josh Marshall and Think Progress both quote MSNBC as author of that passage, and they link it here. Even Google lists it. Apparently MSNBC changed the article, because that information doesn’t exist on that page now.
It sounds like a perfectly political reason to make the move, though, doesn't it?
....and hey, do what you want....you will anyway.
Update: MSNBC does have the passage, but it's here.
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