Actually, Adm Yammamoto never said that “Sleeping Giant” phrase – that was a pure fabrication from Hollywood – but he did warn about the potential of the U.S. Industrial base.

No one ever mentions that one of the secrets of Chinese economic success is a tax structure that is far more favorable than in the U.S. The depreciation rates for new factories would be thought insane here – especially by those politicians who are more obsessed with “tax fairness” than with good economic policies. Obama sounds more like Mugabe than someone who luxuriates in the comfort of Capitalism.

Plain fact is, the “Chi Coms” have proven to be better Capitalists than we are.