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Not a fan of Hillary, but she is not going to be "the end of us". The "buck" stops with Obama and Gates, not Hillary.
As for how much of a threat North Korea truly poses, can anyone say for sure? Yes, their rockets have not flown straight, and their nukes appear rather weak. But they do have a VERY substantial conventional military capability. More than enough to steam-roll into Seoul in a week's time. Of course, if they decide to do that, they will get their a$$ whooped in response and get driven back to their borders, but not until global financial markets have suffered severe instability. And as in the 1st Korean War, the Chinese are always the wild-card. They are the North's only economic and military lifeline.
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