I've got a longer history here than you, and it certainly isn't one of Obama enforcing. I'm also not someone who has criticized Jerome, with the exception of his choice of a few whackjob front pagers--yourself included.
The problem is that in politics, perception is reality, and the current political climate is certainly not friendly to facts. Also, while it was a Bush administration law, Obama supported TARP as a candidate and voted for it as a senator.
I don't think it's so obvious. If the election were held today, of course it would be a rout. But two years of a Republican Congress will be as helpful to him as it was to Bill Clinton, and after spending a quarter billion dollars on his reelection race, I think Obama will be a two-termer.