Bush’s Political Capital Spent, Voices in Both Parties Suggest By Peter Baker and Jim VandeHei

Two days after winning reelection last fall, President Bush declared that he had earned plenty of “political capital, and now I intend to spend it.” Six months later, according to Republicans and Democrats alike, his bank account has been significantly drained.

In the past week alone, the Republican-led House defied his veto threat and passed legislation promoting stem cell research; Senate Democrats blocked confirmation, at least temporarily, of his choice for U.N. ambassador; and a rump group of GOP senators abandoned the president in his battle to win floor votes for all of his judicial nominees. …

The series of setbacks on the domestic front could signal that the president has weakened leverage over his party, a situation that could embolden the opposition, according to analysts and politicians from both sides. …

Through more than four years in the White House, the signature of Bush’s leadership has been that he does not panic in the face of bad poll numbers. Yet many Republicans on Capitol Hill and in the lobbyist corridor of K Street worry about a season of drift and complain that the White House has not listened to their concerns. …

“There is a growing sense of frustration with the president and the White House, quite frankly,” said an influential Republican member of Congress. “The term I hear most often is ‘tin ear,’ ” especially when it comes to pushing Social Security so aggressively at a time when the public is worried more about jobs and gasoline prices. “We could not have a worse message at a worse time.” …

In the most recent Washington Post-ABC News poll, taken last month, 47 percent of Americans approved of Bush’s performance, tying the lowest marks he ever received in that survey, back in mid-2004, when Democrats were airing tens of millions of dollars’ worth of campaign attack ads.

Similarly, just 31 percent approved of his handling of Social Security, an all-time low in the Post-ABC poll, while only 40 percent gave him good marks for his stewardship of the economy and 42 percent for his management of Iraq, both ratings close to the lowest ever recorded in those areas. Other surveys have recorded similar findings, with Bush’s approval rating as low as 43 percent.