I agree with you, and I do agree with the Bush admins actions, although I would categorize them as 'appropriate', not 'required'. Don't mix up my comments about China's actions around their currency (where I mostly agree with your position) and the future of the USA industry/economy versus China, where I TOTALLY disagree with the doom-and-gloomers on here who are parroting the same message we heard 20 years ago, and 20 years before that, etc.
Continue with the cause of those troubles and you will exacerbate the eventual pain
Again, I primarily agree and believe we should address those. One way is to call for a real valuation of the yuan. But the other way is to continue to innovate and stay ahead in the high value businesses. As you stated, we have lost some 'low end' industries, which we would have seen go somewhere anyway. It's OK, as long as we keep feeding the funnel from the top.
Until China produces equivalents to Microsoft, Oracle, Cisco, Boeing, ADM, P&G, Intel, Merck, Coca Cola, International Paper, HP, Xerox, etc etc etc by the hundreds, I am not overly concerned about our leadership.
Yes. Prudent steps to take for a variety of valid, appropriate reasons, but not mandatory for an economy as large and robust as our own. For the U.S., this is no crisis. There is a little pain and it should be addressed... and it is being addressed.
Life is good.