The story of Obama's failure has already been written.
First, it should be noted that so far, Obama has fixed nothing, nada. He's batting .000 and that should speak volumes.
The reasons for Obama's failure are many...
Mostly it's because he's taken on too many things. He's just shooting at every target, aimlessly with no real plan. He's failed to consider the ideas put forth by the Republicans(NLE*), overwhelming them with his disregard.
He's creating work but not jobs. Continuing the same Socialist policies that prolonged the Great Depression.
He has too much unearned faith in Geithner.
He's taking anti-corporate actions at a time when businesses can least afford it.
He spent too much time on television working public relations. He overused the teleprompter during those appearances.
He laughed too much. He's showing early signs of stress.
He's spending too many hours on the job. He's spending too much time with his family. His long days caused burnout among White House staff.
*NLE = No Link Exists