Failure will be a slow, circling the drain kind of process, with Jugears in charge for a protracted time and thus on the blame line for it. Blaming the previous Administration, which the DNC spent a fortune undermining (And we must never miss a chance to make that point about the effect of Democrat 'Investment' during the campaign), is less and less salable every day that goes by.
It may be stupid, naive, and emotional of the public, but they expect the guy in charge to BE in charge, and not try to throw blame over his shoulder when things go from bad to much worse on his watch. Of course stupidity, naievete, and feelings are what got Obama elected, but now he gets to eat the downside of it all.