I do not know if I buy that improved American standing stuf.One thing is certain however, International Relations will be much improved and the world will hate America that much less over the next 4 years. That's a major step in the right direction.
The reality of the situation is American is that big brother that you love to hate. Yeah, he pushes you around, man handles you so he gets the extra scoop of ice cream, bullies you out of your Wii but in the end when you can't handle the bully in the school yard or you need some extra cash for something frivolous, he is there to help you out when mom and dad or others won't.