Dear God, we are. There are so many problems in DC right now, it's hard to see a way out of this in a span of less than a few years. I like Adam Oates a lot; I think he has a real chance to be successful in the league, but I don't think he realized how many problems the Caps have. It's almost time for the Caps to throw up the Rebuilding flag, which will really piss off the fan base, but at least provides some justification for major moves (firing a GM, trading away marquee talent, stripping a captaincy...). More than anything, leadership can't look at this as if they're one quick fix away from being competitive again; there will have to be some significant emotional events.
If the ship is broken, fine, let's fix it. Uncertainty is a fact of life, but there has to be a plan, and the Caps need one now more than ever.