Should Financial Reform Have Come First?

The Obama administration has attempted to use the financial crisis as leverage towards tackling health care reform, but it's possible that financial reform should've come first. With the economy improving a lot of the impetus for reform is already waning and a recovery of some kind was not entirely unexpected. Additionally, all the expenditure on bailouts has made the discussion of further public funding of any large initiative more difficult. Health care under the current system is only going to get worse, so time isn't a factor on that score. These factors seem to indicate that regulatory reform should've preceded health care and we're already seeing a considerable retreat on my areas of reform. Perhaps the Obama administration was counting on continued high unemployment (as it's a lagging indicator) to keep up voter outrage and maintain pressure on legislators. Since large deficits and an aversion to spending will persist for some time, it may have been seen that there was no benefit to waiting on health care reform and capitalizing on honeymoon period popularity was the best strategy. I find myself extremely skeptical that their decision was the correct one.