It was interesting to hear the President give the annual State of the Union address last week. As anticipated, he urged us to invest in three things: infrastructure, education and research. These concepts come on the heels of the rare visit by Chinese President Hu Jintao. During that visit, we learned that the Chinese military has advanced faster than we anticipated, that Chinese students score the highest grades in the world in every subject, that the Chinese spend 12% of their GDP on infrastructure every year, that they build 22 km of new high-speed rail every day, and that the Chinese economy grew by 12% last year. We also learned that the Chinese economy will be the world’s largest by 2035, 15 years ahead of when it was anticipated. There are more honor students in China than America has students in school.
The visit by President Hu should scare us. It is a foreshadowing that America won't be the greatest for much longer.
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