Everybody's watching what's going on in Beijing right now with the Olympics , Think about the amount of money that China has spent on infrastructure.  Their ports, their train systems, their airports are vastly the superior to us now, which means if you are a coporation deciding where to do business you're starting to think, "Beijing looks like a pretty good option."

I suppose so.  Provided you don't mind de minimus pollution controls, employing people under Chinese labor conditions, and you don't mind construction standards in the countryside that allow the collapse of thousands of buildings including schools when the earthquake hits, killing tens of thousands.

Obama has said a lot of stupid things recently, but the idea that totalitarian eye-candy engineering proves Beijing is the better than America is near the top of the list.

For more on Obama's very bad day, see ExUrbanLeague's diagram of the Battle of Elitisma.

UPDATE: From an e-mail:

hundreds of millions of chinese live in the countryside WITHOUT REGULAR
ACCESS TO UTILITIES, EDUCATION OR CLEAN WATER and modern farming
equipment....

about half of the Chinese hover right around malnutrition and no
education...

But Obama finds a way to condemn the U.S. by comparison.