I've been paying more attention to non-queer news lately. The oil spill has been all up in everyone's face 24/7 for many weeks with no end in sight. And now there's the McCrystal issue. It's not pretty. Obama's approval rating was already low, neither of these situations have helped. Nobody's saying that he's handled the oil spill as poorly as Bush "handled" Katrina (ok maybe Glenn Beck, but his bile doesn't count), but he isn't a hero about it either. Two messes on top of broken promises aren't making the 2012 election hopeful.
A lot of people are calling for a Teddy Roosevelt president, not this current Calvin Coolidge. Most people don't realize that Teddy Roosevelt was a horrible bigot, but their point is clear: we need an active hero. Obama was that hero for unprivileged people the world over up until shortly after Inauguration Day when NOTHING HAPPENED.
It seems to me that Obama knows what's at risk through his presidency and that he's so afraid of making a mistake that he just won't do anything.