What the U.S. Could Learn from China

Everyone knows that it is important to have friends. But in politics it is just as important to have enemies. Because being united against a common foe can be helpful.

So it may come as no surprise that the embattled US president, Barack Obama, is continuing where his predecessor George W. Bush left off: complaining about the Chinese. Obama recently said China's monetary policy was hurting the US job market. That strikes a chord with Americans. It's even true. But it doesn't make any difference.