Rush Limbaugh comes close to getting it.
The way that Obama gets away with this is to be disengaged, or to appear to be, and ultimately not responsible for it.  That's the key to this.  He's sitting pretty. He's not in any trouble, not with the people that elected him.  And that's what you have to understand.  With the people that elected Obama, he's not in any trouble at all.  This is all somebody else's doing, and the government is so big that not even the most competent, brilliant president ever can control it and therefore he can't possibly be to blame for it.  It can't possibly be his fault.
He's reacting to the commentariat, and the commentariat, so marinated in the Eastern Liberal Establishment's vision of Activist Presidents Promoting The Common Good in order to be able to devote Sunday mornings to mutual admiration with High Government Officials under pictures of the Capitol Dome, seem surprised that Our President is campaigning, rather than governing.  Read the full transcript, which summarizes the failings of Activist Government as seen by the ditto-heads.

The key to Our President remaining popular despite disappointing the commentariat by a lack of activism is in this passage.
You can point to Detroit; you can point to New Orleans; you can point to any state or city that's been run by liberals without opposition for any serious length of time, and you'll see an utter disaster. You've got the IRS running amuck. You know the details in the IRS scandal, and I can give you the latest today, and I will. You know all that. It's not just Obama. This is who liberals are.
More precisely, this is how ward-heeler politicians operate.  There's a symbiosis between desperate people who like having a ward-heeler "fighting for them" and a ward-heeler who mau-maus the rest of the polity about the continued parlous condition of his or her constituents.  A ward-heeler cannot call out the constituents for engaging in self-destructive behavior, nor get re-elected in a district in which constituents discover, or re-discover bourgeois habits.  Better to have constituents rendered helpless by years of Democratic policies.  That's how Gwen and Bobby and John and Maxine achieve seniority in the Democratic caucus.

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