What If Obama Did Nothing?

Jonathan Cohn imagines a world where Obama gave up on his domestic agenda:

Insofar as policy decisions really have hurt this administration
would argue (as have others) that the rescue packages for Wall
and the auto industry were the biggest liabilities. People
"bailout" fatigue pretty quickly and came to associate
administration with handing money to people and companies that
deserve it, which is a sure-fire way to destroy faith in government.

But the alternative...