For all of his apparent savvy, President Obama doesn't seem to be willing to grasp the historical moment. His plans are incremental, timid, and full of compromise. In short, he is sucking and I'm beginning to lose faith.

1. Treasury officials are mulling a disastrous "bad bank" proposal. The "single-payer" solution to the financial crisis — in other words the obvious, fairest, cheapest, and simplest plan — is nationalization, but it seems not to be even on the table.

2. The inevitable and expected infighting is already happening.

3. The stimulus plan lacks for boldness and is being larded up with ridiculous provisions from a know-nothing Congress.

4. The Executive compensation provisions are pathetic and empty symbolism.

5. The administration is acting as if it thinks it's supposed to be "mediators between the two parties rather than leaders of the Democratic party."

6. Obama has empowered the Republicans, who then offer "solutions" of the sort we see in Point 3...

6a. ...and allowed Republicans to engage in their usual unadulterated intellectual dishonesty...

6b. ...while Obama gives away his bargaining chips for free.

What is going on?

I think it's simple. The Obama administration says it recognizes that we are in a crisis. It says that failing to act boldly could lead to a catastrophe. It says we need to change the rules of Washington. It says it understands that the ideologies of Reaganism have failed us and are no longer relevant.

But President Obama has failed to take this to heart. Where are the actions to match the words? Wall Street and the financial industry are bankrupt — both literally and intellectually. The Republicans are bankrupt.

These are zombie institutions: They are walking and talking and creating havoc. But they are not alive to the desperate state of the country and they are not functioning as constructive parts of the solution.

It's time to put some bullets in the heads of the zombies and take control.