Quick thought on the State of the Union. I don't like setting up the US as in competition with China or India. In some cases this is true, we compete for jobs when a factory choses between China and Cleveland. But, one of Obama's goals is to raise our exports, one of the ways this is most likely to happen is if China and India continue to grow. As the Chinese and Indians grow richer they purchase more goods from the US.
Perhaps this is best demonstrated by the recent announcement that GM sells more cars in China than the US.
It is also worth reading this post from (Kids Prefer Cheese) reminding us that 20 years ago, it was the Japanese who were going to overtake the US.