We're Not Out of the Woods

Buried deep in this article about European economic issues, and today's declining stock market, are woeful employment numbers.

And one more thing. The economic battles between the US and China are just beginning. For years, China, eager to jump-start it's economic juggernaut with cheap labor, inexpensive raw materials, and oppressive government, would at least occasionally kow-tow to American demands. But no longer. They own us, they don't have to do what we ask. The kidnap a human rights activist (and refuse to disclose if he is even alive), the execute a Briton convicted of selling drugs, they smile at Copenhagen but balk at any emission restrictions or real reductions, and they somehow hack into Google...

So, America, how does it feel to be Briton in 1930?