Obama?
I certainly have my issues with the Obama I voted for - compared to the one in the White House, but only someone with severe critical thinking disabilities would think that the previous Bush administration wasn't responsible for wrecking the economy and the subsequent need for the current budget cuts. Clearly the housing bubble was built and imploded under Bush (look at any housing price chart) - which is at the center of the current debt (housing asset devaluation) crisis.
Besides any analysis of China would show you they have some economic issues of their own. The most significant one being their in ability to adequately feed and cloth their 2 billion citizens (and keeping social order) now that their primary markets for goods is declining - that would be the US and the EU. In reality both China and India's prosperity is an extension of the US debt bubble and it is very doubtful that this bubble is sustainable without a prosperous US and European economy. One lunar rover does not a sustainable space exploration program make.
