It's a reflection of how low our standards have gone, when we are considering Moyes to lead our team on the pitch.
Yes, he is punching above his weight by taking the 3rd best team in liverpool (quote shankly) - maybe fourth if we consider Tranmere - to a respectable position, considering the competition. THAT makes him a good manager of an average team, and that is it.
Unless a man has taken charge of a top tier team, has had the chance to grapple with everything that goes on in it (e.g., expectations, board room politics, big name players, history, European competitions, etc), he should not be considered for the job.
Think about this for a sec - would Man U, Chelsea, or Arsenal consider Moyes to be their manager?