Not exactly. Obama could have ended the crisis much earlier, but he didn't want to lose his puppet Mubarak, but was finally forced to relent. That's a gross misrepresentation of the democratically-elected government that, while certainly Islamist, was not extreme in the least. We now know the people who regained power - the same that ruled with an iron fist alongside Mubarak - engineered the crisis that enabled the coup.

Leaked Audio Shows Egypt’s Coup Leaders as a Criminal Syndicate
http://www.counterpunch.org/2014/12/05/leaked-audio-shows-egypts-coup-leaders-as-a-criminal-syndicate/

Extremists in the US and Israel, the same ones responsible for most of the senseless death & destruction of the 21st century thus far, engineered this devastating, criminal war to protect and expand their regional hegemony by weakening their rivals. This is not about Muslims, it's about the so-called Neo-Cons, our modern day Fascists and the true threat to peace and security.