From late last November:

Mr. Gibbs said one of the main challenges for Mr. Obama was tamping down expectations a bit without making anyone think he was moving away from the promises of his campaign.

From a few weeks before that, in the Economist:

He has to start deciding whom to disappoint.

From late in the campaign, Senator Obama:

What this crisis has taught us is that at the end of the day, there is no real separation between Wall Street and Main Street. There is only the road we're traveling on as Americans, and we will rise and fall on that as one nation, as one people.

From last December, Nouriel Roubini:

Things are going to be awful for everyday people.

Now, from Ezra Klein:

The implicit assumption of these arguments about strategy is that there is, somewhere out there, a workable strategy. That there is some way to navigate our political system such that you enact wise legislation solving pressing problems. But that's an increasingly uncertain assumption, I think.

Imagine a group of men sitting in a dim prison cell. One of the walls has a window. Beyond that wall, they know they'll find freedom. One of the men spends years picking away at it with a small knife. The others eventually tire of him. That's an idiotic approach, they say. You need more force. So one of the other men spends his days ramming the bed frame into the wall. Eventually, he exhausts himself. The others mock his hubris. Another tries to light the wall afire. That fails as well. The assembled prisoners laugh at the attempt. And so it goes. But the problem is that there is no answer to their dilemma. The problem is not their strategy. It's the wall.

Long ago, from a young(er) Donald Rumsfeld:

For every human problem there is a solution that is simple, neat and wrong.

Simply because a problem is shown to exist doesn't necessarily follow that there is a solution.

And yet still now, Rory Stewart observes:

It is a language that exploits tautologies and negations to suggest inexorable solutions. It makes our policy seem a moral obligation, makes failure unacceptable, and alternatives inconceivable. It does this so well that a more moderate, minimalist approach becomes almost impossible to articulate.

Americans are particularly unwilling to believe that problems are insoluble.

Cormac McCarthy:

At dusk they halted and built a fire and roasted the deer. The night was much enclosed about them and there were no stars. To the north they could see other fires that burned red and sullen along the invisible ridges. They ate and moved on, leaving the fire on the ground behind them, and as they rode up into the mountains this fire seemed to become altered of its location, now here, now there, drawing away, or shifting unaccountably along the flank of their movement. Like some ignis fatuus belated upon the road behind them which all could see and of which none spoke. For this will to deceive that is in things luminous may manifest itself likewise in retrospect and so by sleight of some fixed part of a journey already accomplished may also post men to fraudulent destinies.

The Wall