Our policies are so heinous and disrespectful of the rest of the world that the people of the world no longer hate just our president, but us as well.
This report from last year shows that George Bush is doing serious damage to our credibility as a nation. It is serious enough that foreign dislike has extended beyond our elected officials and now extends to all Americans.
Why should we care? A low opinion of America as a whole means that the next administration will have a harder time gaining allies in all ventures. It means that foreign tourism to America will be down. It means that American tourists abroad will be treated poorly. It means that our exports will have a harder time finding markets. It is a serious problem.