Can the United States compete with China? Our panel weighs in

While the United States is still struggling to recover from the Great Recession, China's economy is roaring ahead. 

The Chinese economy is growing nearly four times faster than the United States. Consequently, China has become a major player in the global economy, commanding the attention and respect of more countries.

Christine Romans talks with Stephen Leeb, author of "Red Alert: How China's Prosperity is Threatening America's Way of Life," and John Doggett, professor at the University of Texas-Austin, about why we're falling behind economically and what the U.S. needs to do to compete on the world stage.