QFT, and the Georgia invasion really should have triggered a rethink of geopolitical strategy more deep than "vote for Black Dipshit, he's smarter than Bush and will hug the world into liking us again".
This touches on a problem from slightly further back; in 2005 Bush basically handed the problem of Iran over to the EU to deal with. Long story short, the EU completely fumbled the ball. It wasn't the EU's first failure to be an effective superpower bloc, but it was the most visible one in the post-9/11 world, and it kind of cemented their status as irrelevant players. Putin didn't try for Georgia until after the EU had failed and Bush was on his way out the door (I think he wanted to wait longer, but events forced his timing a bit).
For all the focus we're giving to American politics, no one even mentions the EU as a possible threat against Russia. It's hilarious and pathetic. Euros are an afterthought on the world stage.