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Conditions are a bit different, but that doesn't stop Obama from being a promise breaking protector of the status quo. He and Bush are peas in a pod, doing the same exact things pretty much. I don't know if you can say one is a greater failure than the other; they're both pretty much rock bottom.
Possibly. The difference I think is that Obama is not as easily manipulated as Bush was. That and Obama actually has a brain. Bush is probably a decent man, but clearly not very intelligent, well, not enough to see he was getting played by people like Cheney, Armitage and Pearl to do really unethical stuff. That said, their policies for the most part are very similar if not identical.
But others have brought up a good point. Bush didn't screw the pooch in the first 6 months of his presidency. Obama's dealing with what is essentially a ****storm. How many presidents were rated well coming right into a massive crisis? Comparatively, the dot com crash's value destruction isn't anywhere near what we are seeing now.