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Obama will do more or less exactly the same things as Bush, except he'll look better and he might do them in a cleverer fashion. That actually makes Obama much worse for the rest of the world than Bush would have been. At least Bush was driving the US right over a cliff twenty years before true imperial decline was scheduled to take the country down.
While I largely agree with the premise, I disagree vehemently with the conclusion. I'd much, much rather have a smart emperor running a nuclear power than a drooling moron. "Desperate, flailing implosion" is not a qualifier that's designed to make me sleep soundly when applied to empires with enough megatons to scorch every major city on the planet five times over.
I think the US just got rid of a Yeltsin and replaced him with a Putin. Yes, it means that the US will be more powerful, just as Putin has made Russia more powerful. But I think you'd be hard pressed to argue that humanity is worse off with Putin than with Yeltsin.
Friends come and go. Enemies accumulate.
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