As I recall, Ford negotiated the Panama Canal treaty -- a fact Reagan tried to use against him; Carter only signed it. Much like Clinton claims credit for Nafta when, in fact, the Reagan administration conceived it and G.H.W. Bush largely negotiated it.

While I can't see that the treaty generated any tangible benefits, even to Panama, it clearly has not had any negative effects on the U.S. So if the rest of the world feels better with one fewer example of U.S. dominance staring them in the face, God bless 'em.