I don't think it is overstated at all. An example....
Iran: A Bridge too Far?
by Mark Gaffney
10/26/04 "ICH" -- Last July, they dubbed it operation Summer Pulse: a simultaneous mustering of US Naval forces, world wide, that was unprecedented. According to the Navy, it was the first exercise of its new Fleet Response Plan (FRP), the purpose of which was to enable the Navy to respond quickly to an international crisis. The Navy wanted to show its increased force readiness, that is, its capacity to rapidly move combat power to any global hot spot. Never in the history of the US Navy had so many carrier battle groups been involved in a single operation. Even the US fleet massed in the Gulf and eastern Mediterranean during operation Desert Storm in 1991, and in the recent invasion of Iraq, never exceeded six battle groups. But last July and August there were seven of them on the move, each battle group consisting of a Nimitz-class aircraft carrier with its full complement of 7-8 supporting ships, and 70 or more assorted aircraft. Most of the activity, according to various reports, was in the Pacific, where the fleet participated in joint exercises with the Taiwanese navy.
But why so much naval power underway at the same time? What potential world crisis could possibly require more battle groups than were deployed during the recent invasion of Iraq? In past years, when the US has seen fit to “show the flag” or flex its naval muscle, one or two carrier groups have sufficed. Why this global show of power?
The news headlines about the joint-maneuvers in the South China Sea read: “Saber Rattling Unnerves China”, and: “Huge Show of Force Worries Chinese.” But the reality was quite different, and, as we shall see, has grave ramifications for the continuing US military presence in the Persian Gulf; because operation Summer Pulse reflected a high-level Pentagon decision that an unprecedented show of strength was needed to counter what is viewed as a growing threat –– in the particular case of China, because of Peking’s newest Sovremenny-class destroyers recently acquired from Russia.
“Nonsense!” you are probably thinking. That’s impossible. How could a few picayune destroyers threaten the US Pacific fleet?”
Here is where the story thickens: Summer Pulse amounted to a tacit acknowledgement, obvious to anyone paying attention, that the United States has been eclipsed in an important area of military technology, and that this qualitative edge is now being wielded by others, including the Chinese; because those otherwise very ordinary destroyers were, in fact, launching platforms for Russian-made 3M-82 Moskit anti-ship cruise missiles (NATO designation: SS-N-22 Sunburn), a weapon for which the US Navy currently has no defense. Here I am not suggesting that the US status of lone world Superpower has been surpassed. I am simply saying that a new global balance of power is emerging, in which other individual states may, on occasion, achieve “an asymmetric advantage” over the US. And this, in my view, explains the immense scale of Summer Pulse. The US show last summer of overwhelming strength was calculated to send a message.
http://www.informationclearinghouse.info/article7147.htm