Pelosi's tactics on financial bailout bill questioned

Some say that the House speaker was too partisan, or that she didn't press her side hard enough. Others say the fallout could benefit Democrats.

By Janet Hook
Los Angeles Times Staff Writer

October 1, 2008

WASHINGTON — When Nancy Pelosi was sworn in as the first Democratic House speaker in 12 years, she promised to reach across the aisle to Republicans, to be "speaker of the House -- the entire House." In tribute to that spirit, she dressed in purple -- blending the red and blue that are symbols of partisan division.

But she did not look like a speaker of the whole House this week, as the financial industry bailout she helped negotiate was unexpectedly defeated. Republicans deserted in droves, Democrats were split, and Pelosi ended the floor debate before the vote with a passionate critique of Republican economic policies.

The Wall Street meltdown is among the biggest issues to face Congress in decades, and it posed a daunting test of Pelosi's leadership abilities: Hardly anyone in either party wanted to vote for the bill to spend $700 billion to shore up ailing financial firms, but most everybody worried about the economic and political consequences of failing to act.

The bill's narrow defeat was in part a tribute to political forces far beyond Pelosi's control: The deep-seated mistrust between the parties has made it increasingly difficult for the House to address major national problems that cry out for bipartisan solutions. Her GOP counterpart, Rep. John A. Boehner (R-Ohio), is considered a weak minority leader, and President Bush's leverage within the party has all but vanished.

(Continued here.)