Will Ted Stevens be pardoned by President Bush?

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My wife and I were talking about Senator Ted Stevens of Alaska now that he was re-elected to the Senate for Six more years.

Even as a convicted Felon, Mr. Stevens isn't prohibited from holding office.
What does matter is weather the Senate will vote to allow him to remain a member of the Senate in good standing or not.

From what I have heard from most Democrats, his removal is almost guaranteed. So the question comes forth, if President Bush pardons Mr. Stevens, does the Senate turn a blind eye to his previous felonies, or does it removed him from office besides the presidents pardon.

If he is pardoned, what charges would the Democrats be able to bring?

I looked up under what circumstances the President could pardon Mr. Stevens. He was convicted in the US District Court in DC, which is well within the domain of the President to pardon but I did notice something of interest. The DOJ's own rules, someone must have been a Felon for a minimum of 5 years prior to them being eligible for an Executive Pardon.

http://www.usdoj.gov/pardon/pardon_instructions.htm

Under the Department's rules governing petitions for executive clemency, 28 C.F.R. §§ 1.1 et seq., a minimum waiting period of five years after completion of sentence is required before anyone convicted of a federal offense becomes eligible to apply for a presidential pardon. The waiting period, which is designed to afford the petitioner a reasonable period of time in which to demonstrate an ability to lead a responsible, productive and law-abiding life, begins on the date of the petitioner's release from confinement.

So if the Departments own rules preclude someone having served less than 5 years of their sentence, from being pardoned, how did Scooter Libby get pardoned so quickly in 2005?

I don't wish to put much more time into than I already have, but figured our legal scholars here on DP would like to take a look at the information and ponder the question.