[jayef]

What about space?

http://www.xprize.org/

Ever check out DARPA? Most of these technologies will be developed here in the good ole USA.

http://www.darpa.mil/

What about nanotechnology?

http://www.zyvex.com/nano/

What about big pharma?

http://www.pfizer.com/main.html

Ever check out what's going on at Sandia?

http://www.sandia.gov/pulspowr/facilities/zaccelerator.html

I could post examples like these all day of technologies being developed right here in the US that will revolutionize how we live. And you're telling me that I should be concerned that Chinese are going to make textiles instead of North Carolinians? You're telling me that with an 11 trillion dollar economy, that even in bad times is far more productive than what's in second place, that we are somehow on the ropes? RIIIIGHT!

[azhenfud]

Where do you see the U.S. capable of making up a $100 bil/annual trade deficit with China? How long can such inequal trade continue (consider also that this is only ONE country) without series erosion to the dollar value? When the dollar falls, inflation rises, so declines YOUR and MY standards of living....

[azhenfud]

None of these technologies would survive without the good ol' U.S. dollar buying/paying for their product or service. There is little or no chance the profit on exports from these combined could pay the tax on the trade deficit acquired from China.