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Video: Is China doing better than America?

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    >>> and america's run as its world's strongest economy, perhaps because of all the reasons we have been talking become the def of sits and all the rest, appear to be over, at least in terms of public perception. take a look at this poll according of-to-a new poll by the national journal , allstate and heartland, china is widely seen as the world's leading economic superpower. pessimism about the united states runs so deep here, china is still picked as the world's economic leader by 2030 . ron brownstein is political director of atlantic media and editorial director of the national journal group . he joins us now. these are pretty depressing indicators. into the china has improved so much, that we are so much in debt to china and a feeling of powerlessness.

    >> there is a feeling -- i think these numbers which are really striking, twice as many americans saying that china today is a stronger economy than u.s., even though, per capita, gross national product and all the traditional measures we obviously vastly outpace them i think is an expression about ankle by the our own trajectory. this is our seventh poll in the quartly heartland monitor and consistently throughout, you see enormous concern about the opportunities for the next generation this poll of plurality of americans say the next generation's living standards will not match our own and almost three-fifths, 60% of americans say living standards won't grow as fast in the future as they have in the past because of competition from rising economic powers like china. look, we are in a situation where not only in this immediate circumstance but looking toward the future, americans are very uneasy about where we stand in the economic competition and they don't see any institution and society, business, government and really anyone doing very much to help them.

    >> there is a feeling of a lack of leadership. i mean it is not that different. you have got 42% trusting the president to solve economic problems in your poll. 36% saying the republicans, but that's -- those are not great numbers for either side.

    >> right and very consistent. you know, what you find, first of all, you look at the politics of this we did have ask a bunch of questions where we want the congress to got next year, the country is closely divided over who we want to take the lead, the president or congressional republicans, the most striking result, we asked them how they react to the republican takeover in congress, we have a majority of the country saying in one way or the other they did not believe either party's agenda alone was sufficient to solve our problems.

    >> that is really grim news indeed. that really gives you the mood and the background noise, if you will, for all these developments that we are seeing on capitol hill .

    >> and helps explain why we see so much political volatility, sharp swings between the parties as really characterize this past decade. neither side really has much of a hold on the public because the public isn't convinced that anybody in authority has an answer for our problems.

    >> ron brownstein from the national journal and atlantic media, thank you very much. thank you,

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