I don't think anyones giving O a free pass due to the situation at the end of 2008. And yes, many appointments choices incorporated that situation...ie you can't ignore the hand Obama was dealt as it was fundamental to the team he built.
Frankly 80% of politicians would have bailed the banks out and rightfully so. Without it, add dozens of bankrupcies of the most trusted/extensive banks in the country and the shock waves that would send through the economy. Add to that a stock market crash far beyond and unemployment today significantly beyond where its at. The truth of the matter is that the financial sector has stablized, many of the bailouts have been repayed at a profit, unemployment appears to be plateauing, and healthy investor confidence has pushed the stock market to levels of serious recovery. Assuming the recovery continues, the debt will be reigned in...so far the plan has actually worked quite effectively. Not bad for 10 months in office. Although perhaps not, if you constantly listen to complainers from the right.
Sure there's been too much focus on healthcare. Beyond that, I guess we might as well chock it up to more irrational fear of socialism.