I'll put this bluntly: our Chickenshit in Chief (link fixed)

is exactly that.
As the raiders approached their target — a makeshift prison compound — they suddenly were ordered to stand down. The president, who was vacationing on the island of Martha's Vineyard, Massachusetts, did not have time to give the required final go-ahead. He wanted 24 hours to consider the rescue.

A day later, Obama approved the mission. The commandos relaunched. This time, they reached the target — only to find the hostages had been moved four hours prior, said sources with direct knowledge of events.
Remember the reports of him having to be dragged off the golf course and forced to make a decision on the bin Laden raid?  Looks like it was true, and not a damn thing has changed.
The mission needed only one more thing: the final go-ahead from the president, authorizing the rescuers to execute. In one ready room, the radio crackled to life. Instead of delivering the expected verbal green light, though, the voice on the radio gave other news:

"'The president can't make time on his schedule to give the go-ahead,'" the security source said.

The vacationing president wanted to push the mission back 24 hours, the source said. The commandos peeled off, and returned to base. Col. Thomas declined to say where the base was located, or what it was named.
Bastard.