So one case you can make is that Obama was just fated to have a bad first year. FDR had the good luck not to take office until more or less everything that could go wrong, had; the bank runs had already happened, the big decline in GDP was already nearing its end. Obama, by contrast, came into office early enough to take the blame for the continuing slump.
Me, December 23, 2008:
Roosevelt took office in 1933, more than three years after the trigger of the Great Depression. Obama, on the other hand, will take office only months after the trigger of this depression. Roosevelt thus did not have to take the blame for the half-measures and incompetent management that inevitably follow a true catastrophe. Obama, on the other hand, does not have someone like Hoover to point to and say, "Whatever we do, we know we can't do that."