Obama has saved nothing. It was congress that approved the billions in bail-outs. The national debt has been rising for decades, and some foreign countries who bought our debt years ago called it in to help bail out other countries (buddies), and themselves. This caused a major run on the federal reserve back in the fall of 2008. Bush had no choice, as did Obama, to ask congress for monetary bail-outs of hundreds of billions. Or, face bankruptcy for the U.S. Some banks failed, to cover the blame.
It is not only our economy that is fragile, but many others throughout the world. Our government should stand tall and help other countries more, but their head is elsewhere; health care, cap and trade, and satisfying their own political egos and agendas, all to take attention off of what is really happening.