Of course this is a matter Americans are supposed to decide on. It's up to you to decide which government you want, which system you like and how you want to live.
But for what it's worth, here my two cents, from the perspective of a non-American: Germany did many things similar to what Obama did. We too bailed out banks, there was a stimulus, and we have a semi-private, semi-public health care system all along. Even more encompassing social systems and higher taxes. But what happened? The economy is booming now, growth is higher than even before 2008, and unemployment has dropped to the lowest level in 18 years. Whoo -- In my wildest dreams, I would not have expected that.
So my impression is that this crisis runs deeper, and has only few to do with Obama's policies. I even believe things would be worse without Obama saving certain banks from collapsing: Their collapse would probably have caused a chain reaction that would have drawn many other, not really bad banks into bankruptcy, due to people storming banks to get back their money. Just imagine the subsequent chaos this would have caused in the "real" economy, if that had happened. So without action to keep the second or third domino stone from falling, and without a stimulus to relieve the downturn, I imagine America might easily see not just 9% unemployment today, but maybe even 20% or more.
Deficit and debts? I agree this is a problem, as it had been before Obama came to office already. Without the burden of Afghanistan and especially Iraq Obama cannot be blamed for, things might look a little better. But I don't think it's the worst problem. In my opinion, I think constantly high unemployment is much worse, also because of its political implications -- broken people are more likely to follow horrible demagogues who bait them with illusionary, dangerous ideas, hatred and scapegoating. If things don't become much worse again, the deficit can be reduced again later, both by an economy finding back to growth, and by moderate inflation.
So from what I can see, I'd say without Obama's policies, things would probably be worse, rather than better. And Obama cannot be blamed for the root of these problems either, they started before he took office. That's why I feel sad for him. He has really an impossible task: He gets the blame for something he didn't start in the first place, and also, people judge him for what is, not for what would have been if I hadn't made his policies. That's only natural, because this alternate timeline is not obvious and a matter of speculation. But the situation Obama is in is really nothing to admire him for.
But those are just my two cents as a non-American. Of course it is and should be up to Americans to decide which policy and government they want, I don't mean to tell you what to do.