Trying? It seems like the current administration just plain doesn't give a shit about creating jobs. As long as there is something in the ether they can point to and tell people they are doing something it doesn't matter to them.
How many people went into to planned retirement last month? I'm not being facetious here: people never talk about how many people at retirement age actually retire as planned and slip off the payrolls - need to work that into your fire-and-brimstone too.
So have we: civil war, revolution, famine: all happened in the US, and modern economic turmoil, which they have not experienced yet. They already have their fair-share of rioting workers over there when factories shut down.
No offense, but using that logic is just asinine. Using your logic would cause the cost of goods to implode: 6450 USD wouldn't be bad if a house costs 2500 USD and a flat-screen tv costs 10 USD. You cannot change elements of an economy and disregard the net-affect of those changes: it's a...
Things are bad over there - I'm hearing stories of a lot of new RE that's been sitting empty for so long it's starting to fall apart. Keep in mind: we've been through recessions and depressions, the Chinese haven't yet.