Obama has failed and will continue to fail as a President, because of his ideological commitment to maintaining the Bush/Reagan economic oligarchy.
He will also fail, because his blindness is so total that it extends to his senior staff. From Naked Capitalism:
The research project that reinforced my view about the crushing costs of financial ignorance was reviewing Attorney General Holder’s testimony before the Financial Crisis Inquiry Commission (FCIC). It is apparent that neither Holder nor his senior staff read Naked Capitalism (at least in that era). Attorney General Holder made two extraordinary statements at that hearing demonstrating his utter ignorance. Chairman Angelides asked Holder to explain the actions the Department of Justice (DOJ) took in response to the FBI’s warning in September 2004 that mortgage fraud was “epidemic” and its prediction that if the fraud epidemic were not contained it would cause a financial “crisis.” Holder testified: “I’m not familiar myself with that [FBI] statement.”
For none of his senior staffers to know about the FBI testimony requires that they know nothing about the department’s most important and (potentially) useful act. That depth of ignorance could not exist if his senior aides cared the least about the financial crisis and made it even a minor priority to understand, investigate, and prosecute the frauds that drove the crisis. Because Holder was testifying in January 14, 2010, the failure of anyone from Holder on down to know about the FBI’s warnings also requires that all of them failed to read any of the relevant criminology literature or Naked Capitalism.
There is no excuse for this, none whatsoever. It is a Bushian level of total incompetence, and it is combined with a Bushian level of total confidence. There is no alternative to Obama, and we are completely fucked until 2017 at the earliest.
It is silly for anyone who cares about this country to actually support Obama. He will be much less vile than any Republican who takes office, but he will be utterly incompetent at taking on the most vital task facing our political system today: resisting the corrosive influence of oligarchs who want to destroy this country's middle class and civil liberties. There is no time to primary Obama, but our energy should be spent on supporting good Congressional candidates and building an infrastructure to support an actually competent candidate for the 2016 election.