he's a victim of circumstance. however, he has had a hand in creating those circumstances.
as many point out, our first choice starting eleven is mouthwatering; reina, johnson, carra, agger, aurelio, mascherano, aquilani, kuyt, reira, gerrard, torres. that team could - and probably should - beat anybody out there. the problem so far this season is that we haven't been able to play that team, or anything near it. benitez did the right thing in buying quality with aquilani and i think his calculated bet was about right that lucas and mascherano and gerrard would be able to hold the fort until the italian was ready. however, he wasn't to know that lucas just wouldn't step up, that mascherano would be day dreaming of barcelona instead of playing his game, that kuyt wouldn't be at the level he was at the end of last season, that agger would take longer to get back to fitness, and that reira, torres and gerrard would spend time early on out injured.
but then again, why over the last 5 years has he not built a squad capable of covering tough times? outside of that utterly delicious first 11 we have - apart from benayoun and possibly insua - dross backed up by dross with a bit of dross waiting in the wings. and drossena. in my opinion he has made a series of serious misjudgements with the purchase of squad players and a serious misjudgement espcecially with the lack of cover for torres. there is quite a few million quids worth of dross there as back up players so the 'he hasn't had money to spend' argument doesn't wash with me.
i know he has had trouble with the owners etc etc etc. but with the money he HAS been able to spend over the last 5 years we should have a much stronger squad and at least 2 decent strikers.
he also could have handled the alonso situation a lot better. its hard to tell if the summer he tried to flog him was a ploy to get his level back up again, or whether he really did want shut. if he wanted shut then he seriously misjudged alonso quality, despite him having had an average couple of seasons. if it was a ploy to get him to raise his game then it worked, but at too higher price - alienation of the player.
a victim of circumstances which are to a large degree of his own making.