I don't want some retarded midget Canadian identifying with me. Or a crazy gas cap peddler for that matter.
What if the new administration decided to reexamine NAFTA & GAT or our long term goals in the middle east? Something like spending tax dollars on Americans instead of abroad could be catastrophic.
Another factor is the new administration might have to look at that $700B again under political pressure or give banks actual guidelines. If the American financial market is allowed to correct itself most the foreign markets would likely adjust down.
Weak economy means tourism and charity crap we do would be down too.
Also, private student loans will be down too.
On an international level, the presidency and direction of the US economy actually matter. A lot of those countries have crappy economies and rely too much on the US keeping them afloat through trade or constantly forgiving 'loans'.