Here is an excerpt from this article comparing Obama to the Caine Mutiny captain:
"Faced with the worst looming fiscal cliff-fall in world history Obama, like Queeg in the typhoon, has done nothing at all, but has, increasingly, resorted to meaningless words. His pseudo-Keynesian fiscal notions and a mantra-like repetition of old and failed ideas, suggest a serious lack on mental versatility."
If you aren't familiar with the book and movie "The Caine Mutiny," this story deals with the incompetence of a Navy captain.
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The American Spectator : His Queeg Moment