The 2012 economy

There is an article with video out this morning on Yahoo! News pointing out that China’s Slowdown Will Be Worse Than You Think It tells how "China's Premier Wen Jiabao has just warned that China's economy is now facing challenges, including higher-than-desired inflation and an economic slowdown." Their prognosticator goes on to predict dire things for the future, possibly, because of it. If he didn't write doom and gloom books for a living, it would help his case but the fact is, there is likely truth to it, for sure. The good thing is, with the forceful kind of pseudo-Capitalism China has, they can almost do whatever they want to make their economy respond well, in a way. They still can't overcome financial realities, sure, but they can shape things the way they want, to an extent. The thing is, if you put their--the Chinese--situation in tandem with the European mess, it doesn't look good right now, internationally. Our picture, the US' economy seems to be picking up steam and that's good for us, of course, and even for the world but the fact is, we can pull down the world economy, as we did in 2008 with irresponsibility and lack of regulation. We just can't pull the whole world's economy up by just our own bootstraps. Bettye Davis, ala' Margo Channing may have it right concerning this upcoming economic year: