"US marginalized in Global Arena"

The first is just how marginalized the US has suddenly become in the global arena, with an impotent and insolvent Europe behind its back for moral if no other support, opposing a suddenly ascendant Russian axis in the middle-east, one which has China's backing, especially in the aftermath of the quite demonstrative US implementation of the TPP which is meant first and foremost to offset China's rising trade influence in the region.
The second is the extent of Obama's delusion, or perhaps it was merely his spin relying on the naivete of the US public when it comes to foreign affairs, about the abovementioned snubbing of a superpower that until recently nobody dared to challenge unilaterally in the global arena.

for more see: Paul Craig Roberts on http://www.strategic-culture.org/news/2015/10/14/recognizing-neocon-failure-shows-obama-has-come-to-his-senses.html