Obama would be wise to hold a press conference and say "welcome to the world of a completely ineffectual US in international affairs, courtesy of Bush/McCain's diplomatic and military disasters and overstretch." Instead, he'll probably come at him from the right, using some unsightly, incoherent Frankenstein's monster of a position.Since counters seem the order of the day, we should start an Obamastein counter. His health-care plan should be at the top of the list.
I am more and more certain that there is zero chance of a confrontation with Russia, even with a President Palin. The reason is that Russia's military is still too weak to confront the US military in open battle, and they've made it pretty clear that any attack on Russian territory will be immediately answered by a nuclear strike. Even though they successfully copied US tactics in their swift strike into Georgia, they suffered relatively heavy losses from anti-aircraft fire.
Congress has started hearings into what role the US played in instigating Georgia to move forces into S. Ossetia, as well as investigating who drew first blood, and Iran was a huge part of the discussion. With this in mind, check out this crazy assertion that Bush goaded Georgia as cover for a limitednuclear strike on Iran. On a sidenote, I just learned that the price of oil rose dramatically in June following rumors of a thwarted nuclear strike on Iran.
Everything the US is doing pretty much plays into Russia's hands. So keeping with the meme of watching the actions of our new Chinese overlords, I think the real action is in the Asian response which has been politely negative. Russia can't be too happy about that.