Suskind unwittingly supports this concept of Obama the executive wimp being unaware of his political distress. Suskind relates an anecdote from an interview he had with an unidentified major Wall Street executive. Suskind asks this exec why, when Obama has done so much for you, do you continue to accuse him of being anti-business? When he opened the Treasury to you and saved you from collapse? The reply was essentially "We love what he's done for us, but when we accuse him of being anti-business, he does even more for us."
Such self-delusion and lack of awareness could explain the disdain in Larry Summers' disparagement of his tenure in the Obama administration as like being in the movie Home Alone with no adult in charge. A capable adult has to be aware of everything that goes on lest something cause trouble, yet Obama races toward trouble every time he surrenders all of his strength before commencing negotiations with the Republicans. Now he thinks he can propose initiatives he should have used to lead off his administration and the people will rally 'round. He still doesn't get it.
So I have to agree to a large extent with Suskind's assessment of Obama's "intellect:" he's clearly too smart for his own good, and convinces himself with a reality of his own creation, just like his predecessor's staff did. It would also explain why he was the only one in his administration who actually liked Larry Summers.