It seems everyone in the US is extremely disappointed by Obama, while abroad he is still the great big hope. Arabs, Israelis, Europeans, Africans, everyone loves him and hopes he will solve their problems. It sounds good, but he doesn't seem to be doing a very good job here in the US.
I don't mind him spending a lot of money, as I trust him more than I do any of his detractors. But I do mind him appointing people straight from the RIAA to the justice system, and having them control his schedule (like sending him to tell spain they should stop file sharers when there seems to be a bit more urgent things for the president to take care of). He seems to be controlled by the media moguls who helped him rise, and appointing his donors as ambassadors.
Not supporting the gay community he promised to support is merely one of his many disappointments. Why delay by a year? It's comfortable for him not to battle the right on this topic at the moment, but what is he battling for?