An immediate reason why one wanted Nancy Pelosi to continue as Democratic Leader in the House was because she'd be best at using the (slight) influence of that position to make sure the fiscal cliff / austerity bomb negotiations between Boehner and Obama had as progressive an outcome as possible. And that appears to be what we're getting, with Pelosi threatening a discharge petition to pass a left-wing solution with her caucus and 16 Republican defectors. It probably won't work out that way, but it's something to constrain John Boehner's bargaining position.
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