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Haven't made a trip overseas since "W" left office? Or have you ever left your county? If you had you'd know "W" was the one that made us the laughing stock of the world. Obama is well liked overseas. Bush was not.
It's sure gotten us far, hasn't it?
The great thing about Bush being disliked and Obama liked is that the rest of the world largely acts the same: it pursues its own interests, wherever possible. Flattery and conciliation (an approach Obama tried heavily in his first term) doesn't really change the geopolitical calculus.