I didn't say the buys were ideal. In fact I'm not very happy with the buys myself, I would much rather have prefered Parker, Cahill, Samba, Baines, Mata, Hazard... hell any one of the many top class players we were linked with for a long while. But Arteta is good for the price and Benayoun, as I said, is decent. And I also consider Arsenal to have no leader or decent spine and has been the case for years. But they have been sufficient to guarantee CL football and after two losses people start dismissing Arsenal as if the team has no quality...?
Do you really consider Liverpool to be a top 4 shoe-in? Suarez is class and so is Adam, Downing is good but I'm not convinced about Henderson or Carroll or the back 4 for that matter. Liverpool has a top class keeper that has saved them plenty of times. Remember Liverpool had a good first half at Sunderland and then went missing. At Arsenal, despite us missing Wilshere, Song, Gervinho, Gibbs and having no leader or defence they were still dominated in midfield (fielding their strongest team) and could only muster a handful of counter attacks that posed no real threat. Granted Arsenal didn't look great either but that doesn't exactly paint Liverpool in a great light either, especially considering the same team got thrashed 8-2 by Man Utd the next week. Liverpool has not proven it is anywhere near top class yet.