tsubaki
Player Valuation: £90m
I don't think Moyes can make any excuses with not having a money to spend - he was always great when dealing and wheeling, but the way he spent money from Lescott's sale can be heavily questioned looking at Distin/Heitinga/Billy, plus I believe current crop of players we have is seriously underachieving at the moment.
He has been unlucky with some players - for the three you mention, Distin has been great so far this season, Johnny H was great last season, and Bily has shown glimpses of real ability. Also I dont think anyone expected Arteta to be as bad as he has been recently.
As for the OP, overall he has been far more of a success than a failure, its just at key points he has either been unlucky (Villareal away, Sporting home and away) or just plain wrong (Saha staying on so long last night).