Sorry to burst your bubble, but that demotion occurred under Obama's watch, and it was all by design-

Obama’s Speech to the United Nations General Assembly
SEPT. 23, 2009
"No one nation can or should try to dominate another nation. No world order that elevates one nation or group of people over another will succeed."
http://www.nytimes.com/2009/09/24/us/politics/24prexy.text.html

Whoops!