Nina Easton of Fortune writes in her article, The China Conflict, that for the Democrats, China -- and its massive trade imbalance with the United States -- has emerged as a favorite parable about the dangers of globalization, especially when this adversary/ally holds more than $400 billion in U.S. Treasuries.

She reports the line played well Tuesday night before an AFL-CIO audience that broke into applause when Illinois Senator Barack Obama said he would "take [China leaders] to the mat" for "manipulating their currency," adding that huge U.S. deficits, financed in part by the Chinese, must end.

"It's pretty hard to have a tough negotiation when the Chinese are our bankers," Obama declared to a cheering crowd.

New York Senator Hillary Clinton added "bad food from China" and toys that sicken children to the list of complaints about the country. New Mexico Governor Bill Richardson cited the country's human rights record and failure to "put pressure on the Sudan to stop the genocide in Darfur." Connecticut Senator Christopher Dodd described China as a competitor but "be careful, it's getting close to adversary."

Unfortunately, this is the same party whose Democratic National Committee took millions in donations from Chinese citizens when Bill and Al were running for office in the 1990's; the party which put a Chinese agent, John Huang, into the Commerce Dept.; the party of Woodrow Wilson, the original globalist who signed into law the creation of the Federal Reserve, a central bank based on European models of central banking, signed into law the first income tax, and created the League of Nations, a failed attempt to move the world in the direction of a world governing body. And now Democrats are against globalization? Only in front of union labor, but in the back rooms of power with international bankers, globalization is the way to go.

Boys and girls, if you support the Republicans, you will get globalization; if you support Democrats, you will get globalization; only the rhetoric on the way will be different.