He’s just being Obama:

The saga of Obama is marked by the uncanny ability to soar through the academic and government cursus honorum without ever being held too accountable for what followed. Obama’s selection as editor of the Harvard Law Review broke new ground. But to this day, no one cares much that his record was mediocre with no scholarly work to show for his tenure.

For that matter, ditto also his law career at the University of Chicago: an impressive appointment, but no scholarly book as promised, not even an article, and no distinguished record of teaching. Not much of anything. The point of the Nobel Prize was winning it — not doing anything that might have earned it. Just as there was no foreign policy achievement that preceded the prize, so there was naturally none following it. Why expect anything different now?

Anyone who is disappointed by him is a fool, and just one of the rubes.

[Update a few minutes later]

It’s all about trust:

Every president faces the predicament of overpromising. Often the gap can be chalked up to the difference between campaigning and governing, between rhetoric and reality. As with past presidents, people desperate to turn the page on the previous administration voted for the Obama they wanted and now are grappling with the Obama they got.

I got exactly what I expected, but I never wanted it.