Let's look at this logically. And I have been thinking about this for a while. We can use deductive logic. At what point does anyone who is a professional (in whatever career) and is doing such a bad job, take a look at themselves in the mirror with honesty and say "u know what, I don't think I am doing a good job here, it is not good for the club, I will go and let someone else have a go". I know people who are in such a public position as Ole who would voluntarily go by now if they are performing this badly and being talked about constantly by everyone about how bad they are. This realisation however requires the person to be honest. So, what are the possible explanations for why he is still in the job? Let's look at the possibilities.
1. He is delusional i.e. he genuinely thinks he is doing a good job. Literally no one in world football who cares about United thinks he is doing a good job. No one. If Ole thinks he is, then he is clearly delusional. Or he is being badly advised by people who keep telling him he is doing a good job and things will improve. The evidence from what we can see does not support the argument that he is doing well, so he must be delusional if he thinks he is doing well.
2. He is dishonest. He knows he is not doing a good job, but he is so desperate for the job (and could not believe his luck that he was appointed) or he needs the money (I doubt he does) that he is unwilling to walk away.
3. He is arrogant. This is kind of similar to being delusional, but deep inside he actually knows he is not doing a good job but he has his ego and is refusing to leave unless sacked.
4. He is being asked by the club to stay. I think this is unlikely, but not impossible.
Anyone can think of any other possible explanations?
Personally, I think he has an ego despite his facade of being nice and smiley etc2, his '99 exploits perhaps has gone to his head and he is refusing to believe that he cannot turn this around despite evidence to the contrary. So a combination of 1 and 3. To the point he is oblivious that he is actually doing pretty badly when you look at the data and considering the players he has at his disposal. This is also I think the reason why he surrounds himself with "Yes Men" like Carrick and Phelan who cannot go and make a managerial career of their own - it makes him feel better and feeds his ego. Phelan was atrocious as a manager. You can always tell when someone is not actually that good - they piggy back on someone else and look successful but when they have to go out and do it themselves they struggle, that's the real test.
The worrying thing is if he loves the club enough, he should be able to look at this with a neutral's hat on and see that it is not working, yet it appears to an outsider that he is failing to see this. I am fed up with the pressers as well, the journalists all ask tame stupid questions, they need to interrogate him more and ask more specific tactical/job security questions etc to at least make him see that people are raging.