The video is based on a column by Jerry Seib which is here.
The column's ending is particularly pertinent:
"The current economic weakness of America may simply demand a less ambitious approach than George W. Bush attempted. It's harder to confront China on human rights, for instance, when relying on Beijing to finance America's ballooning debt, or to face down Iran alone when the U.S. military is stretched thin. The elder Bush's approach may have been a matter of prudence, while Mr. Obama's may be rooted more in necessity."