Atrios on Obama's economy captures the essence of what I find so dispiriting:
The point isn't that there was some magic obvious solution, the point is that the problem was bigger than they imagined and, frankly, recovery noises from the administration started to remind me of Bush era noises about how things were always improving in Iraq.
Team Obama appears to have taken all the wrong lessons from team Bush. They pursue the limp magical-thinking type propaganda — "clap louder!" — couched as DC-centric conventional wisdom (which is itself morally and intellectually bankrupt), without apparently even contemplating the virtues of a Cheney-esque will to power.
They also play politics very poorly, much more poorly than the Clintons.
I find myself in odd moments beginning to wish we'd nominated Hillary.