Actually, my primary concern is we are utterly ignoring what is going to be one of the most important issues of this century:
Our relationship, or conflict, with China.
It can be either. If we ignore it, though, and continue to pretent everything is just fine, IMHO we will have a conflict.
On the other hand, if we stand up, and insist the relationship be mutual (in every way, yes that means balanced trade), then we could form a very strong relationship.
The more we avoid dealing with the (growing) issues however, the more we will lose control of the eventual outcome.
We need to stand up, and insist now.
Or we will have to fight, later.
We had a much better idea dealing with the U.S.S.R. We did not help build their economy!
There were many a "free trader" who lusted after that "emerging" middle class and chided everyone else that if we don't help the moderates we'll be playing into the hands of the Soviet hardliners, there will be war, and it will be our fault.
They were wrong.
This time we're doing it the "free traders'" way. We'll see what happens now. Will it be relationship or conflict?