Over at TPM, the headline characterizes Pelosi's statement as meaning that she is walking away: “Pelosi: There Aren't Enough Votes To Pass The Senate Bill.”
If Pelosi walks away, then reform is dead.
But as I read her statement, she’s saying several contradictory things at once. Cognitive dissonance. (And if I were Pelosi, that’s exactly how I would feel.) It’s as if we are looking into her mind: stream of consciousness.
But I hear hope in her words.
Over at TNR, Jon Chait is even more hopeful than I am: “This doesn't sound like walking away to me. It sounds like she or some of her members are holding out for an agreement to amend the bill through reconciliation. The good news is that this actually makes the negotiations easier in some ways. The negotiation with the Senate before required the assent Senators like Ben Nelson and Joe Lieberman. Now it only requires the assent of the 50th Senator, who's probably far more willing to back a tax on the rich, beef up low-income subsidies, and do other things the House demands.
“The complicating factor is that this reopens negotiations that were previously all but settled, and may cause the House to increase its demands. That would be foolish — they should take something approximating the deal that's been on the table, pass it, and walk away.
“If the Democrats were all rational people this would have a 100% chance of happening. Since they're not, I'll call it 60%.”
I would add that the reconciliation process is limited to issues with a budgetary impact. It could happen. The Cadillac Tax would be gone (good riddance) and Nelson would lose the special deal for Nebraska (at this point probably even Nelson regrets cutting that deal.)