Should we blame all our problems on China

How about the benefit of our farm products from China? If every Chinese buy a bowl of rice and a cup of soy milk from us, our farmers will be filthy rich! $20 wage just will never compete with $2 wage, no matter it is from China, India, Vietnam, Eastern Europe...

China does not have natural resources/farm lands per capita than US. Population is not a resource but a liability and that's why they have the one child policy. They have to work hard to survive from their lessons in last 250 years.

We do not have enough PhDs in science and technology. It is not China or India's fault. It is ours. It is easy to blame other countries like the politicians are doing as they cannot solve our problems.

When the Chinese, Indians... work hard and maintain a low standard of living, what's wrong with that? We should work hard and maintain a living standard we can afford.

We have free trade with Mexico. Many Chinese products can compete with Mexico products even they have to pay a lot of shipping cost. Let the best products with the lowest cost win.

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Some statistics from a conference in Philadelphia earlier this month.

* Just 2.7% of personal consumption expenditures go to Chinese-made goods and services. 88.5% of U.S. consumer spending is on American-made goods and services.

* China owns 7.8% of U.S. government debt outstanding. As of August, China owned $1.14 trillion of Treasuries. Government debt stood at $14.6 trillion that month. That's 7.8%. Who owns the rest? The largest holder of U.S. debt is the federal government itself.

* Just 9.2% of oil consumed in the U.S. comes from the Middle East.

According the U.S. Energy Information Administration, the U.S. consumes 19.2 million barrels of petroleum products per day. Of that amount, a net 49% is produced domestically. The rest is imported.

Where is it imported from?

Only a small fraction comes from the Middle East, and that fraction has been declining in recent years. So far this year, imports from the Persian Gulf region -- which includes Bahrain, Iran, Iraq, Kuwait, Qatar, Saudi Arabia, and the United Arab Emirates -- have made up 9.2% of total petroleum supplied to the U.S. In 2001, that number was 14.1%.

The U.S. imports more than twice as much petroleum from Canada and Mexico than it does from the Middle East. Add in the share produced domestically, and the majority of petroleum consumed in the U.S. comes from North America.