A Tale of Two Countries: Why the U.S. is Drowning in its own Blood while China Prospers
http://blog.getliberty.org/default.asp?Display=2368
Except if the US had "taken Greece under our wing," "the keep our money here" and "help ours, they screwed themselves, who cares" groups would have totally wigged out. China is a communist country. According to our political "experts," communism will fail. Who cares?
There is an odd trade imbalance now, but as China prospers, we will have more markets for our goods...as soon as we become smart enough to start making more things they want besides raw materials and our trash.