Obama may be making big noises about what Egyptian leaders must do, but they have figured out he is powerless. This Jerusalem Post article suggests that the regime is reasserting its control. They can afford to wait out the demonstrators because the economy can’t afford the disruption they have caused.
Obama can make as many speeches as he likes, but the only way he can impact events on the ground is to reduce aid to Egypt, impose sanctions, or send in troops. None of these actions will help stability; any of them will strengthen the hand of the Muslim brotherhood. So he has sidelined himself.
He could have made a strong statement upfront denouncing the Muslim Brotherhood and stating that the US would cut off all aid to Egypt and designate Egypt a terrorist state and an enemy of the US if the Muslim Brotherhood had any role in any future Egyptian government. He could also have tied future US aid to Egypt to religious tolerance. He could have added that stopping attacks on Coptic Christians should be regarded as critical to the state of US-Egypt relations. He did none of this. He failed to separate the radicals from the democrats.
Obama threw the Egyptian regime under the bus, sided with demonstrators, backed and filled too many times, and revealed himself as a vacillating weakling. The regime now has free rein.