The concept of "We can't wait" is nonsensical on its face -- not that the absence of reason and common sense is any deterrent to such emotion-driven policies. He is implying that because we can't wait for the private sector to create jobs and he can't wait on Congress to pass his jobs-destroying jobs bill, he must order banks to make their loans less creditworthy. It's a classic non sequitur.
He's using the phrase as a ploy to deceive us into believing that his regulatory action would also help the economy when the only thing it would do is shift money around. This is no more about creating jobs than was his stimulus bill, but like the stimulus bill, it would be a lawless, unconstitutional redistribution of wealth.
It's true; Obama can't wait for Congress to sign on to his insane plans, because it won't, and he can't wait on the will of the people to embrace his patent statism, because they won't.
What we really can't wait on -- what America can no longer wait on -- is for this president to quit spending more money than we take in. We can no longer wait another 900 days on the Senate to produce a budget. We can no longer wait on structural reform to our entitlement programs. We can no longer wait for the Supreme Court to nullify Obamacare or for Congress to repeal it. We can no longer wait for Obama to quit behaving like an absolute monarch with no accountability.
But sadly, we have to wait on these things -- until 2012, when we can throw out of office those who refuse to obey the law by waiting to act until they have the constitutional authority to act.