Given the way Obama ran his campaing, what do you expect from him.
I think the introduction of Palin is instructive. First he paniced, then he went nuclear. Rational behavior took about a week to kick in, and when it did, it was still based on scorched earth.
He dosn't discuss. You agree, or you are crushed.
Facts seem to give him headaces. Idealolgiy is more important than reality. This is bad for the economy, especially now that a bit of recovery seems to be happening out there.
The Wright story (and several others like it) also instruct. If you are not Obama, you are no one. This essentially means that Korea, Japan, Taiwan, Israel, etc are on their own. I think they all realize this. This is going to change the dynamics in a lot of places.
It also might bring a bit of rationality to the bad boys. Responses won't be tempred from washington if our friends loose patience. They are no longer our friends.
Worse case scenario... We are faced with something like Tom Clancy's "Sum of All Fears." Best case is the way things were at the end of the Carter administration.