So Iceland's financial system collapsed over the weekend and the Icelandic government went hunting for a quick loan. Fifty years ago -- hell, ten years ago -- it likely would have turned first to the U.S. for the money. Not now.
So who did it turn to? Russia. And this country -- and the world -- have reached a historical turning point. The political alliances that have guided global politics since World War II are crumbling. The president of the U.S. may still be the "leader of the free world," but it may no longer matter.
McCain? Obama? Time to crawl out of the slime-pit and tell Americans what your plan is for dealing with this new reality.